Rent to own Homes in Albany, CA
Albany, California, wouldn't exist today without a group of women in 1908 deciding to protest the dumping of garbage in their community. It's quite a story and quite a legacy that they carved for their town. Armed with two rifles and a lot of determination, the women turned wagons full of refuse back to Berkeley. The newly 'clean' town was incorporated as Ocean View, but shortly after changed its name to Albany, in honor of the New York birthplace of its first mayor.
Albany, CA is a great place for affordable rent-to-own homes! With a median household income of over $103,132 and a median rent of $1,927, the Albany, 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 Albany, 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 Albany, CA Property Resources
Rent to own Homes in Cities Near Albany, 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 Albany, CA
No neighborhoods foundPopular Zip Codes in Albany, CA
94706 rent to own homesBuying a Home in Albany, CA
Albany, CA is seeing rapid growth and Albany, CA's' housing market remains not optimal with an average home price that is 317% above the 2024 national average. Albany, CA is part of Alameda 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 Alameda is 0.68% which is below the national average, which is 0.99%.
Median Home Price in Albany, CA
Median Rent in Albany, CA
Top 4 Reasons to live in Albany
Defined by Water! Albany, with a population of nearly 19,000, lies adjacent to Berkeley, and it calls San Francisco Bay its western boundary. One of its most interesting features is known as 'The Bulb,' a former landfill that juts into the bay and was once home to a succession of disenfranchised squatters. Now local residents walk their dogs, visit the park to view the ever-changing array of urban art or simply come to get close to the water and explore the interesting salt-marsh vegetation. After visiting The Bulb, stop in at The Pub near the center of Albany. You can get comfortable in an overstuffed chair and share your experience with anyone who will listen. Patrons are even encouraged to talk to one another. There's no Internet. There are also no credit card machines. Cash only!
Sellers' Market! Following the real estate downturn of the past several years, local property is again in demand with prices rising because of limited availability. If you are looking for rent to own houses, consider all possibilities. If you can do some work yourself, you might even score a bargain on a distressed home or a house that needs updating. This is a safe and walkable community, so you might want to locate where you can easily meet friends for a cool drink at the Hotsy Totsy Club or bring your own bottle of wine for dinner at Bistro 1491.
East Bay Popularity: If you have your heart set on living in Albany, keep your eyes open for the perfect house, and allow plenty of time to look. Average price per square foot is $580, up more than 13% over last year. Popular neighborhoods are Albany Terrace, which has some new houses, Hillside, Solano Hill and Thousand Oaks. From any of these areas, you will be able to get out easily to meet friends for a bite at Suzette Crepe Cafe or to share exotic Indo-Nepalese fare at Hamro Aangan.
Planning for the Future: The city is currently considering ideas for development of a strip of land known as the Ohlone Greenway, with two pending concepts being a par course or a fruit and nut orchard. The city is serious about sustainability, and it welcomes citizen input for energy conservation, solid waste reduction and recycling. The city that began with a trash protest sponsors several community cleanups during the year as well as a waterfront cleanup each September. In May, there is an Arts and Green Festival, in addition to a citywide garage sale.