Rent to Own Homes in Hollywood
Nestled in between Fort Lauderdale and Miami on the southern Florida coastline is a mid-sized city called Hollywood. The city is part of Broward County and is one of the best places to live in the United States if you enjoy spending time on the beach. Hollywood Beach runs along the North Atlantic coast on the eastern edge of the city, and Miami Beach is less than 40 minutes away without traffic. The beach resorts of Fort Lauderdale are approximately 30 minutes away, and smaller beaches line the coast in both directions moving away from the city. The below results are primarily rent to own homes in Broward County, FL:
West Park, FL 33023
5 Bedrooms, 5 Baths
Hollywood, FL 33020
4 Bedrooms, 3 Baths
Miami, FL 33154
Miami, FL 33147
4 Bedrooms, 2 Baths
Miami, FL 33150
Sunrise, FL 33313
3 Bedrooms, 2 Baths
Miami Beach, FL 33141
2 Bedrooms, 2 Baths
Miami, FL 33131
1 Bedrooms, 2 Baths
Miami, FL 33132
1 Bedrooms, 2 Baths
Coral Springs, FL 33071
6 Bedrooms, 5 Baths
Miami, FL 33131
2 Bedrooms, 3 Baths
Miami, FL 33184
4 Bedrooms, 3 Baths
Nestled in between Fort Lauderdale and Miami on the southern Florida coastline is a mid-sized city called Hollywood. The city is part of Broward County and is one of the best places to live in the United States if you enjoy spending time on the beach. Hollywood Beach runs along the North Atlantic coast on the eastern edge of the city, and Miami Beach is less than 40 minutes away without traffic. The beach resorts of Fort Lauderdale are approximately 30 minutes away, and smaller beaches line the coast in both directions moving away from the city.
North Perry Airport is just outside city limits to the west, and various entertainment venues are scattered throughout the area. Some of the biggest attractions for visitors are also entertainment opportunities for locals. Gulfstream Park Racing and Casino is just south of Hollywood on the coast, and the northern coast is occupied by Ann Kolb Nature Center and West Lake Park. This area is popular for its waterside nature trails where locals enjoy recreational walks, picnics and time outdoors with loved ones.
Hollywood is also home to the Seminole Hard Rock Hotel and Casino, and the Hollywood Police Department is available to serve guests as well as residents. The local population enjoys an average household income of approximately $70,000 and most live in residential areas away from major tourist attractions. They still enjoy frequent visits to the Art and Culture Center of Hollywood, and many depend on tourism to make a living.
Buying a Home in Hollywood
Homes in Hollywood are now selling for close to $290,000 on average, and the average price per square foot is currently just over $160. While there are some neighborhoods where prices are a bit less, there are also some neighborhoods known for luxury homes that sell for a million dollars or more.
If you need help buying a home within your budget, consider applying for the Home Ownership Purchase Assistance program, also known as HOPA. The City of Hollywood works with the Broward Alliance for Neighborhood Development to purchase, rehabilitate and sell foreclosed homes in the city. If you qualify for the program, you can receive up to $40,000 to use as a down payment on one of those rehabilitated homes.
Popular Neighborhoods in Hollywood
Arapahoe Farms is the most prestigious neighborhood in Hollywood. Many multimillion-dollar homes are sold in this area, but the median sales price is just under $700,000. Some of the best public schools are in this area, and the community is considered one of the safest in Hollywood.
If you want a safe neighborhood with reasonable real estate prices close to the beach, go to the Hollywood Beach-Quadoman neighborhood. The median sales price is approximately $300,000, and there are many schools and family-friendly amenities in the area. If that price range is within your budget but you prefer a quiet residential area, go to Emerald Hills. Do you have limited income? Consider the North Central Hollywood area where the median sales price is under $150,000.
Buying vs. Rent to Own Homes
If you’re not ready to purchase a home right now, you may find renting now and owning later a reasonable alternative. Rather than renting indefinitely while you work on improving your financial situation, you can rent with the intention of purchasing the rental home in the near future. The length of the rental period will depend on the terms of your contract, but the period typically extends for at least a year or two. In that time, you can save up your down payment or take other actions that will improve your chances of securing a mortgage loan. Once you obtain the loan, you buy the home in which you’re already living. You still go through the traditional home-buying process, but you do it in your own time while enjoying your new address.
Cost of Living in Hollywood
The cost of living in Hollywood is approximately nine percent higher than the national average. While home prices on the Florida coast can get much higher, this is one city where prices are reasonable in most neighborhoods. Homes are typically less than 10 percent higher than the national average, but they’re still a bit higher than the average price of housing for Florida as a whole. If you want to live near the water without paying outrageous prices, Hollywood is a great place to call home.
Hollywood, Florida is home to Hollywood Beach, Gulfstream Park Racing and Casino and the Seminole Hard Rock Hotel and Casino. While many visitors make their way through town each year, there are many residential neighborhoods where families can live peacefully away from the flow of traffic. Beaches line the coast north and south leading away from the city, and large cities like Miami and Fort Lauderdale are a short drive away. Real estate prices are more reasonable than in many of those larger cities, so this is a great place to live if you dream of sunshine and sand.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area: