Rent to own Homes in Cerritos, CA
A place for art. The city encourages artists in its Art in Public Places Project through paintings, sculptures, and fountains with realistic and abstract representations. The largest collection of outdoor art is at the Cerritos Sculpture Garden with 20 pieces surrounded by trees and textured stone walls.
Cerritos, CA is a great place for affordable rent-to-own homes! With a median household income of over $109,229 and a median rent of $2,455, the Cerritos, 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 Cerritos, 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 Cerritos, CA Property Resources
Rent to own Homes in Cities Near Cerritos, CA
- Corona Del Mar
- Costa Mesa
- East Los Angeles
- El Monte
- Fountain Valley
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irvine
- Laguna Woods
- La Habra Heights
- Lake Forest
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Maywood
- Montebello
- Monterey Park
- Norwalk
- Orange
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Redondo Beach
- Rolling Hills
- Rose Hills
- Rossmoor
- San Gabriel
- Santa Ana
- Signal Hill
- Silverado
- South El Monte
- South Whittier
- Vernon
- Walnut
- Walnut Park
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in Cerritos, CA
ABC rent to own homesPopular Zip Codes in Cerritos, CA
90703 rent to own homesBuying a Home in Cerritos, CA
Cerritos, CA is seeing rapid growth and Cerritos, CA's' housing market remains not optimal with an average home price that is 229% above the 2024 national average. Cerritos, 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 Cerritos, CA
Median Rent in Cerritos, CA
Top 10 Reasons to Live in Cerritos
Moderate price increases. Investing in a Cerritos home, either with a mortgage or rent to own contract, can pay dividends later on. Home values rose by 12.6% in the past year to a median $606,800. If you're ready to go house shopping, look near Studebaker Road or Gridley Road.
Buying for pleasure. You can indulge your passion for buying at several shopping areas. Los Cerritos Center, also known as Cerritos Mall, is a traditional indoor commercial center. Cerritos Town Center is an open-air experience that combines retail, offices, and entertainment.
Learning opportunities. Winner of the 2004 Best Library Award from Reader's Digest, the Cerritos Library features a marine aquarium, a European-inspired Old World Reading Room, and a fireplace. The city's recreation department provides additional learning options, with classes in subjects ranging from music to screenwriting.
Focusing on single-family homes. Over 80% of residences in the city are single-family homes, while 18.9% are condos. Rent to own houses may be harder to find here because only 16% of the residents rent. Look for homes of all kinds near major streets like Artesia Boulevard and Carmenita Road.
Sporting chances. Site of aquatic practice during the 1984 Los Angeles Olympics, the Olympic Swim and Fitness Center gives swimming lessons in a 50-meter pool that's surrounded by seating for up to 1,400. For drier feet, try the Cerritos Sports Complex, which sprawls over 26 acres to accomodate softball, baseball, and soccer games.
Steady rents. Though monthly rents have fluctuated from a low of $1,960 in 2013 to a high of $2,500 in 2013, Cerritos leases usually remain stable and are at a median of $2,300. Typical apartment amenities include a pool, covered parking, barbecue grills, and laundry facilities if a washer/dryer isn't already in the apartment. Check out Cerritos Apartments or Cerritos Villas, which consists of townhouses.
Feast on international delicacies. Cerritos restaurants let you taste dishes from around the world without needing a passport. India House Restaurant specializes in lamb and goat curry served with a traditional tea. Pinoy-Pinay offers inexpensive combos with white rice. You choose such dishes as fried pork and chicken adobo (stewed in vinegar and garlic) by pointing to them on aluminum heating trays.
Frolicking in the sun. Choose from several city parks if you want to stay active under the sun. Cerritos Park East has picnic shelters with barbecues, playing fields that are lighted at night, and a community center with a catering kitchen, game room, and dance area. Bring your skateboard or your in-line skates so you can shred the Cerritos Skate Park's snake runs, pyramids, and bowls.
Buyer's market. The median list price for a house is $600,00 while the median sale price is lower at $576,000. So since it's a buyer's market, now is the time to take the plunge into real estate. Check out rent to own homes near streets like South Street and Bloomfield Avenue.