Rent to own Homes in North Fair Oaks, CA
Located in beautiful central California, North Fair Oaks is a small city in San Mateo County, with a population of 14,687. Known for having the best Mexican food in the County, many flock to North Fair Oaks during lunch hour to try an affordable meal from one of the numerous food trucks in the city. During the year, North Fair Oaks hosts a number of different events, which are known for being free, fun and entertaining.
North Fair Oaks, CA is a great place for affordable rent-to-own homes! With a median household income of over $87,530 and a median rent of $2,027, the North Fair Oaks, 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 North Fair Oaks, 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.
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Rent to own Homes in Cities Near North Fair Oaks, 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
Popular Zip Codes in North Fair Oaks, CA
No zip codes foundBuying a Home in North Fair Oaks, CA
North Fair Oaks, CA is seeing rapid growth and North Fair Oaks, CA's' housing market remains not optimal with an average home price that is 360% above the 2024 national average. North Fair Oaks, CA is part of San Mateo 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 San Mateo is 0.56% which is below the national average, which is 0.99%.
Median Home Price in North Fair Oaks, CA
Median Rent in North Fair Oaks, CA
5 Reasons to Live in North Fair Oaks, CA
Outstanding Local Festivals! Join thousands of city residents in celebrating at the North Fair Oaks Community Festival, held annually in August. Bring friends and family for a day of great food from local vendors, a spectacular parade, and exhibits from various businesses. On the first Saturday of December, gather at the Town Hall to join in the Lighting of the Trees festival along the historic Main Street.
Delicious Restaurants! Nicknamed the "Little Mexico," North Fair Oaks is home to some of the best Mexican restaurants in the state. Head to Mescal Taqueria Restaurant for generous servings of Mexican foods like burritos with fresh local ingredients. For fine dining, Chantilly offers excellent Italian and French-infused entrees in an intimate and romantic setting.
Great Shopping! North Fair Oaks may not be a bustling metropolis, but that does not mean there's a shortage of name brand department stores and smaller family-owned businesses. Head to Target on El Camino Real for all your home goods. GoRide bicycles is a locally owned store with a huge selection of models and free lifetime service with any purchase.
Home Values are Way Up! In just one year, the median home value in North Fair Oaks has skyrocketed 13.6% to a record figure of $691,300. With online sources predicting that the median home value will rise another 4.5% in the next year, now is the perfect time to invest in a rent to own property in a neighborhood like Columbia Ave or Hurlingame Ave.
Significantly More Affordable than Nearby Cities! In North Fair Oaks, the median sale price of a single family home is $775,000. However, go just a few miles in any direction and the median home sale prices skyrocket to figures like $4,250,000 in Atherton and $3,100,000 in Atherton. Comparable homes are available at more affordable prices in some areas of North Fair Oaks, such as West Menlo Park and Ringwood Ave.