Rent to own Homes in Chowchilla, CA
Incorporated as a city in 1923, Chowchilla has recently experienced a population boom within its borders. In fact, the number of citizens who call the area home jumped from just over 11,000 in 2000 to nearly 19,000 in 2010. This growth could be the reason that Chowchilla is the planned first leg and northern terminus of California's High-Speed Rail system, or it could be because of the city's central placement in California. Either way, Chowchilla is a great place to live.
Chowchilla, CA is a great place for affordable rent-to-own homes! With a median household income of over $56,683 and a median rent of $946, the Chowchilla, 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 Chowchilla, 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 Chowchilla, CA Property Resources
Rent to own Homes in Cities Near Chowchilla, CA
- Biola
- Bonadelle Ranchos
- Bonadelle Ranchos-Madera Ranchos
- Bowles
- Calwa
- Caruthers
- Clovis
- Del Rey
- Easton
- Fort Washington
- Fowler
- Fresno
- Friant
- Kerman
- Lanare
- La Vina
- Madera
- Madera Acres
- Madera Ranchos
- Malaga
- Mayfair
- Millerton
- Monmouth
- Old Fig Garden
- O Neals
- Parksdale
- Parkwood
- Prather
- Raisin City
- Raymond
- Riverdale
- Sanger
- San Joaquin
- Selma
- Sunnyside
- Tarpey Village
- West Park
Neighborhoods in Chowchilla, CA
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No zip codes foundBuying a Home in Chowchilla, CA
Chowchilla, CA is seeing rapid growth and Chowchilla, CA's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Chowchilla, CA is part of Madera 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 Madera is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Chowchilla, CA
Median Rent in Chowchilla, CA
Top 3 Reasons to Live in Chowchilla, CA
Increasing value in housing market! Home prices in Chowchilla dropped during the economic recession. In fact, housing values went down nearly 12 percent over the past five years. This, however, is no reason to pass on calling the city home. In the past year alone, housing values have rebounded over 14 percent. People who are looking at rent to own houses or considering a mortgage can get a home while prices are still low. Whether you're centrally located near the Madera County Fairgrounds or further north along Avenue 26, you'll be making a great investment, since home values are almost guaranteed to go up.
Excellent opportunities to travel! Whether you love road trips or racking up frequent flyer points, Chowchilla is a great location for travel. You can hit Highway 99 and go all the way south to Los Angeles or head north to Sacramento. You could also head west on Highway 152 to get to Monterey Bay. Looking to go a little further? Well, the Chowchilla Municipal Airport is really only for corporate and private planes, but you're still less than half an hour away from the Merced Regional Airport. So if you don't own your own jet, it's still easy to set off into the sunset.
Great property tax rates! The increasing home values in Chowchilla pair greatly with the city's exceptionally low property tax rates. The rate here is over 25 percent lower than the average in America, which means residents of the city are saving a ton of money on their property over the long run. Add these savings to the money you'll save on housing costs, and you'll have enough money to make daily trips to the Fossil Discovery Center of Madera County or become a regular at Farnesi's Steakhouse.