Rent to Own Homes in Milton
Incorporated in 1844, the city was known by several names during its development. It was called “Hell-Town,” “Jernigan’s Landing,” “Scratch Ankle,” “Hard Scrabble,” and eventually Milton, perhaps after the English novelist John Milton. Another theory is that the name is just a shortened form of “Mill Town,” thus called because of the local lumber mill industry.The below results are primarily rent to own homes in Santa Rosa County, FL:
Incorporated in 1844, the city was known by several names during its development. It was called “Hell-Town,” “Jernigan’s Landing,” “Scratch Ankle,” “Hard Scrabble,” and eventually Milton, perhaps after the English novelist John Milton. Another theory is that the name is just a shortened form of “Mill Town,” thus called because of the local lumber mill industry.The below results are primarily rent to own homes in Santa Rosa County, FL:
Because of its location in the panhandle, Milton is less than 30 miles from the Alabama state line both to the north and west. Along with its proximity to Pensacola – about 20 miles to the city center – it is 70 miles from Mobile, Alabama. A three-hour drive to the east will bring you to the state capital Tallahassee, and a three-hour drive to the west takes you to the one-of-a-kind city of New Orleans.
Buying a Home in Milton
Current home listings in Milton range from $35,000 to $475,000. The median home price is a modest $132,000, which is 29 percent below the national average. Lots are available for building as well. Overall, the cost of living in Milton is more than 10 percent below the national average.
The median age is 34.6, and 43 percent of the population is married.
Milton is served by Santa Rosa County District Schools. GreatSchools rates the schools in Milton from 3 to 9 (out of 10), so families with school-aged children should definitely investigate the schools when looking for a neighborhood in which to settle.
Popular Neighborhoods in Milton
Although it occupies just 4.6 square miles, Milton and its environs are made up of no less than 15 constituent neighborhoods. The Guernsey Rd/Woodbine Rd. neighborhood is made up mainly of medium- to large-sized single-family homes and mobile homes, and most of the residential real estate is owner occupied. Many of the homes were built after 1970. It’s a very walkable area located on the water, and boat ramps are available to launch boats into the bay. The median home price is about $250,000.
Just to the north is the Chumuckla/Wallace neighborhood. The real estate is similar to the Guernsey Rd/Woodbine Rd. area, but many homes here were built after 2000. Good schools and a low crime rate make this a very family-friendly neighborhood. The median home price is about $221,000.
Buying vs. Rent to Own Homes
It’s no surprise if you’re already thinking about moving to Milton. The low housing cost and family-friendly neighborhoods alone make it more than appealing. However, buying a home can be long, expensive process. A large down payment and prequalification are necessary. If you’re not quite ready for that step, have you considered a rent-to-own arrangement? A part of each month’s rent goes toward a down payment to buy the house. It’s easier and doesn’t require a large outlay of cash. And renters can look forward to becoming proud, happy homeowners – without even having to move!
Summary
If sunshine, beaches and palm trees are what you’re after, Milton may be just the place for you. Great weather, a small-town atmosphere, proximity to large metropolitan areas, and family-friendly neighborhoods with great schools make Milton a top contender if you’re looking for a place to settle and put down roots.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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