Rent to own Homes in Avenal, CA
Located in Kings County, Avenal has a population of 15,505. Once known as the Oil Fields Capital for the discovery of oil that sprung Avenal into a boom town, the city is now home to the Avenal State Prison and is known for its agriculture. The presence of the prison creates a stable economy for Avenal and many residents have great jobs at the facility. Avenal offers a low cost of living and affordable home prices.
Avenal, CA is a great place for affordable rent-to-own homes! With a median household income of over $49,781 and a median rent of $882, the Avenal, 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 Avenal, 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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Avenal, CA is seeing rapid growth and Avenal, CA's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Avenal, CA is part of Kings 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 Kings is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Avenal, CA
Median Rent in Avenal, CA
Top 5 Reasons to Live in Avenal, CA
Wonderful annual Festivals! Held the first weekend of every May, the Avenal Old Timer's Festival features numerous events like a spaghetti dinner at the Rotary Club, a co-ed softball tournament, food, music and much more. Join local residents in lighting the Town Hall Christmas Tree on the first Saturday of December.
Delicious local restaurants! Regardless of what team you root for, Bear's Den Sports Bar and Deli is sure to have one of their 20 flat screen televisions turned to the game. In addition to being a great spot to watch a game, the restaurant also serves up a mean cheeseburger topped with local bacon and their signature BBQ sauce. Rated the best lunch joint in Avenal, Debbie's Place specializes in classic American cuisine that is cooked to perfection.
An RV owner's dream! Because parking your RV in your backyard may be far from possible, it is important to have a place nearby where it can be left safely and securely. Luckily, Avenal is home to several such facilities, like the Four Seasons Mobile Park and Traveler's RV Park.
Home values trending up! Given that buying a house is a major investment of time and money, it is important to purchase in a neighborhood and city that is expected to grow in value and desirability. Luckily, Avenal is one such community. With the median home value in the city having risen 4.4% to $102,500 over the past year. With Zillow forecasting that the median home value will rise another 6.6% in 2015, now is the time to buy a great rent to own home in an area like E Kings St or E Fremont St.
More affordable than nearby towns! While a single family three bedroom home can be purchased in Avenal at a median price of $145,500, a similar property would cost $346,882 in San Miguel and $188,775 in Lemoore. Check out the neighborhoods of E Tulare St or W Merced St for the best deals.