Rent to own Homes in Stanford, CA
Stanford is a suburb that is adjacent to Palo Alto in the San Francisco Bay area. While the normal population is 13,809, Stanford experiences a temporary increase to 35,000 on weekdays during work hours. It is best known for the world-famous and highly-ranked Stanford University, which has its main campus in the town, but there's more to this Bay Area city. Notable residents have included Reid Hoffman, founder of LinkedIn and former Vice President of PayPal, as well as John Gall, former MLB outfielder and first baseman.
Stanford, CA is a great place for affordable rent-to-own homes! With a median household income of over $61,571 and a median rent of $1,666, the Stanford, 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 Stanford, 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 Stanford, CA Property Resources
Rent to own Homes in Cities Near Stanford, CA
- Alameda
- Albany
- Ashland
- Atherton
- Belmont
- Belvedere Tiburon
- Berkeley
- Brisbane
- Broadmoor
- Burlingame
- Colma
- Daly City
- Danville
- Dublin
- East Palo Alto
- El Granada
- Emerald Lake Hills
- Emeryville
- Fairview
- Foster City
- Fremont
- Half Moon Bay
- Hayward
- Highlands
- Highlands-Baywood Park
- Hillsborough
- Ladera
- Lafayette
- Los Altos
- Los Altos Hills
- Loyola
- Menlo Park
- Montara
- Moss Beach
- Newark
- Norris Canyon
- North Fair Oaks
- Pacifica
- Redwood City
- San Bruno
- San Carlos
- San Gregorio
- San Jose
- Santa Clara
- Saratoga
- Stanford
- Sunnyvale
- Tiburon
- Union City
- West Menlo Park
Neighborhoods in Stanford, CA
Stanford University rent to own homesPopular Zip Codes in Stanford, CA
94305 rent to own homesBuying a Home in Stanford, CA
Stanford, CA is seeing rapid growth and Stanford, CA's' housing market remains not optimal with an average home price that is 820% above the 2024 national average. Stanford, CA is part of Santa Clara 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 Santa Clara is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Stanford, CA
Median Rent in Stanford, CA
Top 5 Reasons to Move to Stanford, CA
Sought after real estate! Average house prices in Stanford are significantly above the California average, with a median sale price of $2,487,900, compared to $383,900 elsewhere in the state. Despite these numbers, Stanford real estate is an excellent investment as there is no sign that the high home values have stopped increasing. In the past 24 months, values have shot up by 14.26% annually, and this trend looks set to continue due to the strong, tech-fueled Bay Area economy. Stanford's residential area is relatively small, located south of Bowdoin Street and Campus Drive.
Plenty of grub! Stanford has a huge array of dining options. Affordable eats such as Lulu's on the Alameda and Cool Cafe are situated on or near the Stanford University campus. Sundance the Steakhouse, Fish Market Restaurant and plenty of other dining options sit adjacent to the campus. Whether you are a meat eater, vegetarian, prefer classic American dishes or want to dabble in Venezuelan cuisine, Stanford has a plate to please your appetite.
Affordable rents! Despite the high property values in Stanford, median rents are surprisingly affordable at $1,338, which is just 10.7% above the California average of $1,209. Affordable rents can be attributed to the large student population in the area and the fact that 71.5% of properties are renter-occupied. The majority of these rental properties are on or very close to Stanford University, often convenient to the major thoroughfares of Sand Hill Road and El Camino Real. Given the high price of real estate, rent to own properties can be tough to find, but they are available.
Visit Rodin Sculpture Park! This beautiful garden is located on the campus of Stanford University. It was designed in the style of a Parisian garden and displays the work of the well-known sculptor Auguste Rodin. Situated between Lomita Drive and Roth Way, the garden is open at all hours with special lighting to enjoy nighttime viewing.