Rent to own Homes in Chico, CA
Located in the Sacramento area, Chico, California, has a small-town feel and is considered one of the best cities for young people and college-educated professionals. With a population of just under 100,000, Chico is a delightful small town with a big heart and lots of activity and growth. Chico was voted as one of the top 10 best places to live in 2010 and may be a good place for you to find your rent-to-own home.
Chico, CA is a great place for affordable rent-to-own homes! With a median household income of over $57,357 and a median rent of $1,145, the Chico, 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 Chico, 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 Chico, CA Property Resources
Rent to own Homes in Cities Near Chico, CA
Neighborhoods in Chico, CA
The Avenues rent to own homes South Campus rent to own homes Meriam Park rent to own homes Cussick rent to own homes Downtown Chico rent to own homes California State University - Chico rent to own homes California Park rent to own homes Southwest Chico rent to own homes Little Chico Creek Estates rent to own homes Doe Mill rent to own homesPopular Zip Codes in Chico, CA
95927 rent to own homes 95929 rent to own homes 95926 rent to own homesBuying a Home in Chico, CA
Chico, CA is seeing rapid growth and Chico, CA's' housing market remains not optimal with an average home price that is 61% above the 2024 national average. Chico, CA is part of Butte 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 Butte is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Chico, CA
Median Rent in Chico, CA
Top Reasons to Live in Chico CA
Housing Since Chico is located in California, the cost of living will no doubt be higher than in some other areas of the country. Most of the homes in Chico are fairly new, with the median age being less than 30 years old. Approximately 65 percent of the homes are owned, 26 percent are rented, and less than 10 percent are vacant. The average and media cost of a home are both $350,000 and there are currently approximately 150 homes for sale, with over 500 homes just recently sold. The average rental house goes for $850 a month.
Local Sports Although Chico doesn't have any major sports teams to boast about, it does have sports available for the sports fan to enjoy. There is the huge Nettleton Baseball Stadium, called the Net, where the Division 2 baseball team, the Chico State Wildcats, play. If you enjoy car racing, take in a race at the Silver Dollar Speedway located at the Butte County Fairgrounds. For those who like rough-and-tough sports, you can join the Women's Rugby Club or the Senior Rugby Club.
Largest Employers and Industries The Chico economy is fueled by the many arts, entertainment, retail, and food services for the large campus of California State University at Chico. The area has seen a retail explosion in recent years, with popular malls located throughout the city. The biggest industry is retail and service. Some of the major employers in the area are the Enloe Medical Center, California State University at Chico, Wal-Mart, Sierra Nevada Brewing Company, SunGard, and Smuckers.
Outdoor Activities Located in sunny California, there are plenty of outdoor activities and events in Chico. A nature lover's paradise, Chico is full of ways to get fit and enjoy the outdoors while camping, bicycling, hiking, and backpacking. Since it's close to the mountains, you can go skiing on the slopes during the winter season and mountain biking in the summer. Enjoy frolicking in one of the largest parks in the country, Bidwell Park.
Nightlife Since this town is flooded with college students, you can be certain there are plenty of nightlife activities available, including bars, clubs, and theaters. Concerts and other events are common. Some of the most popular places are the Crazy Horse: Ride the Mechanical Bull and La Salles, a live music venue. Chico's downtown is a thriving area for unique, independent retail shops and restaurants. City Plaza hosts free concerts regularly during the summer. Performance venues large and small, bars, coffee shops, bookstores and city offices contribute to a lively and flavorful experience. If you love living in a vibrant downtown, check this area for all kinds of housing.