Rent-to-Own Homes in Miami FL: What You Need to Know
Miami is a fast-paced town with a gorgeous view. The culture here is colorful and bright, attracting as many millennials as it does retirees. The housing options combined with the beautiful weather and endless options of things to do has made Miami a real East Coast favorite.
Miami Real Estate: Housing Availability
The median sale price on a Miami home was, as of December 2019, $335,000. The average rent of a Miami apartment is $1,702; the average size of a Miami apartment is 891 square feet. One-bedrooms are about $1,900 per month, whereas two-bedrooms are about $2,450. Condos and rentals are becoming more common in the downtown, attracting renters to this region.
Miami’s Weather and Climate
Miami’s climate can best be described as tropical and prone to monsoons. The sun is shining all year long, with heavy rainfall dominating May through October, though random showers are common no matter the season. Summers can be overwhelmingly hot for those not used to a tropical climate. Summers are also damp and cloudy. Temperatures usually peak at 92 °F. Winters are short, pleasant, and wet. Temperatures rarely dip below 50 °F.
Things to Do in Miami
Whether you live in or are just visiting Miami, you have to take a trip to Miami Beach. Mostly traveled to for the dreamy stretches of sandy beaches, Miami Beach also has a gorgeous Art Deco Historic District full of stunning pastel architecture and shopping destinations. The Vizcaya Museum and Gardens is an Italian Renaissance-style villa that has preserved its original furnishings and artwork. After a luxurious tour in the physical villa, you can walk through the rich gardens.
For animal lovers and children, the Zoo Miami will be a real hit. 40 endangered species reside here along with 3,000 exotics. There is also an impressive collection of botany.
Miami has no shortage of teams for locals to root for. The Miami Dolphins are a part of the NFL, the Florida Panthers belong to the NHL, the Miami Heat is in the NBA, and the Miami Marlins have a home with the MLB.
Know Your Neighborhoods
Miami is full of diverse neighborhoods, with different personalities belonging to each one.
Brickell is home to nearly 28,000 residents and is widely considered one of the best places to live in all of Florida. Many young professionals have flocked here, attracted to the heavy urban environment. The median home value is $455,900. The median rent is $2,038 and the majority of residents rent their homes.
With just over 6,000 residents, Omni is another Florida favorite. The urban vibe has drawn young professionals to settle here. The median home value is $410,700. The median rent is $2,146 and just over half the residents own their homes.
Coconut Grove offers its 19,000 residents a mix of urban and suburban. Families and young professionals favor Coconut Grove for the top-rated public schools. The median home value is $695,000 and just over half the residents own their homes. The median rent is $1,598.