Rent to own Homes in Atascadero, CA
First envisioned as a model community in 1913 by magazine publisher Edward Gardner Lewis, Atascadero is now a thriving city with a population of 30,000. Though few of the original buildings remain as a testament to Lewis's utopian Atascadero Colony, the city's location halfway between San Francisco and Los Angeles gives residents easy access to two of the most famous cities in the world.
Atascadero, CA is a great place for affordable rent-to-own homes! With a median household income of over $79,620 and a median rent of $1,439, the Atascadero, 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 Atascadero, 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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Atascadero, CA is seeing rapid growth and Atascadero, CA's' housing market remains not optimal with an average home price that is 143% above the 2024 national average. Atascadero, CA is part of San Luis Obispo 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 Luis Obispo is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Atascadero, CA
Median Rent in Atascadero, CA
Top 4 Reasons to Live in Atascadero, California
Enjoy the zoo! The Charles Paddock Zoo, located next to the Atascadero Lake Park, proudly informs visitors that it is the only central-coast zoo accredited by the Association of Zoos and Aquariums. Visitors can observe and interact with rare animals in a safe, family-friendly environment where entertainment and education abound. The park encompasses five acres where larger captive animals can roam in comfort.
Affordable housing available! Rent to own homes are plentiful in Atascadero and are typically located in neighborhoods close to schools, shops and restaurants. The median value of a single family home in Atascadero is approximately $435,000, with home prices rising quite a bit in the last decade or so. Most homes and condos in the area boast three bedrooms and three baths.
Relax in fabulous local parks! For a city with a total area of some 26 square miles, Atascadero has an abundance of well-kept parks. Sunken Gardens Park, for instance, is not only a glorious remnant of Edward Gardner Lewis' utopian ideal, but it's also a gathering place for farmers market shoppers, annual and semi-annual event attendees, and occasional movie goers who enjoy outdoor movies.
Lovely homes! Neighborhoods within Atascadero include, among others, those in the City Center, Garden Farms, and El Camino Real areas. Garden Farms has historical significance in Atascadero because it figured prominently in city founder's Santa Margarita Ranch Utopian dream. Lewis sold parcels of ranch land to hard-working people who wanted to build their own homes and live off the land. Single-family homes in the modern Garden Farms area have a median value of $517,000, and the average rent is about $1,300 per month.