Rent to Own Homes in Fort Walton Beach
Today, the Fort Walton Beach-Crestview-Destin Metropolitan Statistical Area is one of the most popular tourist destinations in Florida. There is much local history to be explored in addition to the city's pristine beaches. Downtown Fort Walton occupies the original parcel of land which was purchased in 1879 and became the foundation of the Fort Walton Beach area. The city was also home to Camp Walton, a Confederate Army outpost.The below results are primarily rent to own homes in :
Today, the Fort Walton Beach-Crestview-Destin Metropolitan Statistical Area is one of the most popular tourist destinations in Florida. There is much local history to be explored in addition to the city's pristine beaches. Downtown Fort Walton occupies the original parcel of land which was purchased in 1879 and became the foundation of the Fort Walton Beach area. The city was also home to Camp Walton, a Confederate Army outpost.The below results are primarily rent to own homes in :
The Fort Walton Beach Snowbird Club is one of a few local organizations created to connect those individuals who reside in Fort Walton during the winter months. The area is popular among retirees and other individuals who live in colder climates during the summer months.
Buying a Home in Fort Walton Beach
Homes in Fort Walton Beach are priced above the state average. The median cost of a home in this beautiful city by the Gulf of Mexico is $156,600. If a mortgage loan is obtained to buy a home, owners can expect an average monthly payment of $1,422. Roughly half of all housing units in Fort Walton Beach are owner-occupied.
There are numerous older housing units in the city which were built prior to 1990, but almost 80% of the homes are less than 25 years old. About 30% of the homes are smaller units with one or two bedrooms. Those with families will find many medium-sized to large homes with three or more bedrooms.
Popular Neighborhoods in Fort Walton Beach
The Ocean City neighborhood in Fort Walton Beach offers easy access to local beaches and is located on the east side of town. This median value of a home in this community is $171,000. The neighborhood is not as quiet as some others in the city given its close proximity to the beach. The demographic is equally divided between married couples and singles. The Wright neighborhood in the northern part of the city is a walkable area that offers convenient access to the city's retail establishments. This area is heavily populated by singles.
Buying vs. Rent to Own Homes
Buying a home in any market can be a challenge for first-time buyers. Qualifying for a mortgage loan is a stressful process. An alternative can be a rent to own home where stringent qualifying is not required. Individuals rent the home and are allowed to allocate a portion of their monthly rental costs toward eventual ownership. In some cases, buyers rent the home with an option to purchase it at a later date. In both cases, this path to home ownership can be beneficial for many individuals.
Summary
Fort Walton Beach is located on Florida's beautiful Emerald Coast. It is a small community that thrives as a tourist mecca for the state. With its warm climate and access to some of the nicest beaches in Florida, Fort Walton is popular among a vast demographic which includes retirees, married couples, and singles. There are many local attractions and a vast number of retail shops in this small beach city.
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