Rent to own Homes in Calabasas, CA
Calabasas is a city in Los Angeles County that is located partially within the Santa Monica Mountains and borders the San Fernando Valley. As such, its 23,000 residents are only about 20 minutes away from downtown Los Angeles, Santa Monica, Malibu and the many beaches of those cities. With these facts, it's no wonder so many celebrities choose to live in Calabasas.
Calabasas, CA is a great place for affordable rent-to-own homes! With a median household income of over $136,138 and a median rent of $2,476, the Calabasas, 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 Calabasas, 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 Calabasas, CA Property Resources
Rent to own Homes in Cities Near Calabasas, CA
- Beverly Hills
- Burbank
- Calabasas
- Camarillo
- Canoga Park
- Casa Conejo
- Castaic
- Chatsworth
- Culver City
- Del Aire
- El Segundo
- Encino
- Fillmore
- Glendale
- Granada Hills
- Hasley Canyon
- Hawthorne
- Hidden Hills
- Inglewood
- La Crescenta
- Ladera Heights
- Lake Sherwood
- Lennox
- Los Angeles
- Manhattan Beach
- Marina del Rey
- Newhall
- North Hollywood
- Oak Park
- Pacoima
- Panorama City
- Piru
- San Fernando
- Santa Clarita
- Santa Monica
- Santa Rosa Valley
- Santa Susana
- Sherman Oaks
- Simi Valley
- Stevenson Ranch
- Studio City
- Sun Valley
- Tarzana
- Tujunga
- Valencia
- Valley Village
- Val Verde
- Van Nuys
- Winnetka
- Woodland Hills
Neighborhoods in Calabasas, CA
Greater Mulwood rent to own homes Vista Point rent to own homes Mulholland Heights rent to own homes Teriterra Condo rent to own homes The Oaks rent to own homes Country Estates rent to own homes Lake Creekside rent to own homes Bellagio rent to own homes Calabasas Park rent to own homes Las Villas Calabasas rent to own homesPopular Zip Codes in Calabasas, CA
91302 rent to own homesBuying a Home in Calabasas, CA
Calabasas, CA is seeing rapid growth and Calabasas, CA's' housing market remains not optimal with an average home price that is 418% above the 2024 national average. Calabasas, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Calabasas, CA
Median Rent in Calabasas, CA
Top Six Reasons to Move to Calabasas, CA
Low property taxes! When you move to Calabasas, you don't have to worry about much of your mortgage going toward taxes. That's because the property tax rate is about $8 for every $1,000 of home value, which is only about three fourths the national rate. You can find homes for sale or rent in neighborhoods like Brent's Junction and Calabasas Highlands.
Great shopping and entertainment! You'll find no shortage of stores when you check out this city. At The Commons at Calabasas, you can shop at Sephora, Williams-Sonoma and Papyrus, to name a few popular stores. This shopping center also features the Edwards Calabasas Stadium 6 movie theater.
Stellar home appreciation! You'll be happy you decided to buy a home in this area when you see the appreciation rates over the last decade. In the last five years, the rate of appreciation was about 20 percent, which is much higher than the nearly negative five percent that the rest of the country experienced. Cornell and Malibu Junction are a couple of places where you can look as you prepare to purchase a home in Calabasas.
Plenty of places to eat! When you get hungry in Calabasas, you can choose from fast food restaurants, casual cafes and elegant eateries. You'll see chains like Johnny Rockets, King's Fish House and Starbucks. But you can also check out local eateries that include Pedalers Fork and Saddle Peak Lodge, both of which serve American classics.
Fun city events! If you want to live in a city where you have a chance to get to know other residents, you'll enjoy the events here. One of the most popular is the Calabasas Pumpkin Festival, which features live music, a beer and wine garden, face painting, balloon artists and of course, pumpkin carving. There's also the Wine Tasting and Silent Auction that's put on every year in May.
Beautiful outdoor attractions! Buying a rent to own home in Calabasas means it's easy to enjoy a day at Creekside Park and Community Center or Juan Bautista de Anza Park. You can also join Calabasas Country Club so you can golf basically any day of the week.