Rent to own Homes in Novato, CA
Location: Located in the vibrant San Francisco Bay Area and thereby surrounded by a wealth of opportunities and activities, Novato is a pleasant town in which to find a home. Grab a Golden Gate Transit Express Bus or head to the Larkspur Ferry Terminal to get into San Francisco.
Novato, CA is a great place for affordable rent-to-own homes! With a median household income of over $101,629 and a median rent of $1,975, the Novato, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Novato, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Novato, CA Property Resources
Rent to own Homes in Cities Near Novato, CA
- Acalanes Ridge
- Alameda
- Alamo
- Albany
- Alhambra Valley
- Alto
- American Canyon
- Antioch
- Ashland
- Bay Point
- Belvedere
- Belvedere Tiburon
- Benicia
- Berkeley
- Black Point-Green Point
- Brisbane
- Broadmoor
- Burlingame
- Castle Hill
- Clayton
- Clyde
- Colma
- Contra Costa Centre
- Crockett
- Daly City
- Diablo
- East Richmond Heights
- Emeryville
- Hayward
- Hercules
- Kensington
- Kentfield
- Lafayette
- Marin City
- Millbrae
- Napa
- North Richmond
- Novato
- Rollingwood
- San Bruno
- San Francisco
- San Pablo
- San Rafael
- Santa Venetia
- South San Francisco
- Strawberry
- Tara Hills
- Tiburon
- Vallejo
- Vine Hill
Neighborhoods in Novato, CA
No neighborhoods foundBuying a Home in Novato, CA
Novato, CA is seeing rapid growth and Novato, CA's' housing market remains not optimal with an average home price that is 270% above the 2024 national average. Novato, CA is part of Marin county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Marin is 0.63% which is below the national average, which is 0.99%.
Median Home Price in Novato, CA
Median Rent in Novato, CA
11 Reasons to Live in Novato, CA
Many housing possibilities: 4.15% of houses and apartments in Novato are unoccupied. This vacancy rate makes finding your home in this city a very real possibility. There are different neighborhoods where you can find a house in one that appeals to you. Some options include a house that is nearby the historic downtown area or the recently restored Grant Avenue Shopping Area.
Up-and-coming neighborhood: The median value of Novato homes has risen by 14.5% since this time last year. Restaurants in Novato such as Chianti Cucina and My Thai have garnered attention, adding to the vibrant up-and-coming feel of this city.
Old and new: The median cost of homes in Novato $603,600. In this median range, there are many older and also newer homes available. You might be drawn to a charming older house in the historic Old Town Area or a newer build in the recent Pointe Marin housing development.
Apartments and rentals: If buying a home in Novato is above your price range and you don't want to rent an apartment, you are not out of options. With Novato's rental vacancy rate currently at 2.5%, you can find a rent to own house that's perfect for you. Furthermore, with the Ignacio Hills and Hillcrest Townhomes complexes, apartments are also a valuable option for Novato living.
A town full of history: In addition to its museums, downtown Novato is home to several buildings sporting years of history. Walking downtown, you can find City Hall, which was originally built as a Presbyterian Church in 1896, and Druid's Hall, which was built in 1899.
The great outdoors: Novato offers over 3,000 acres of open space, creating numerous opportunities for hiking, biking and other outdoor activities. The nearby Muir Woods and Point Reyes offer further opportunities for exploring the great outdoors.
Wineries: Novato is home of the Festival of Art, Wine and Music, which occurs annually downtown. It's a fun and great opportunity for wine aficionados, located in the heart of the city. The city is also home to several wineries, such as the Trek Winery. Also, not far from Novato are Napa Valley and Sonoma Wine Countries.
Sports: If you're a sports fan looking to move to Novato, you're in luck. There are multiple athletic opportunities in Novato, including the StoneTree Golf Club, the Willow Tree Stables and the Sonoma Raceway. In this city, you'll find your sport or opportunities to take up a new one.
Nightlife: Novato offers plenty of options for those who want to go out after dark. If you're looking for a good time, some places you can visit are Warped Brewing Company and Finneggan's Restaurant and Bar.
Museums: Novato is home to numerous museums, and there's likely one where you can explore one of your interests. Options include the Museum of the American Indian, the Novato History Museum and the Marin Museum of Contemporary art. There are also countless museums located in the Bay Area's other cities.