Rent to own Homes in Eureka, CA
Eureka is situated on the shores of the Humboldt Bay and is bordered by acres of lush redwood forest. The small town is located off the historic Highway 101, also called the Pacific Coast Highway. A major seaport since the 19th century, Eureka boasts the largest deep water port between Coos Bay, Oregon and San Francisco, California. Its two marinas are capable of docking over 400 boats.
Eureka, CA is a great place for affordable rent-to-own homes! With a median household income of over $43,199 and a median rent of $951, the Eureka, 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 Eureka, 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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Eureka, CA is seeing rapid growth and Eureka, CA's' housing market remains not optimal with an average home price that is 36% above the 2024 national average. Eureka, CA is part of Humboldt 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 Humboldt is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Eureka, CA
Median Rent in Eureka, CA
Top 3 Reasons to Live in Eureka, CA
A strong rental and housing market! About 50 percent of the homes in Eureka are rentals, or rent to own properties, while the remaining are owner-occupied. Many of the homes are located on large lots and within walking distance of parks, forestland or the ocean. No matter what area of the town a person resides within, nature abounds and there is no shortage of things to do in Eureka when it comes to the great outdoors. Residents can take a leisurely hike through the Redwood National Park or head to the beach at South Pit on the bay where you can enjoy horseback riding or a leisurely picnic.
Historic architecture! Old Town Eureka is listed on the National Register of Historic Places. For anyone who enjoys Victorian architecture, a stroll downtown is in order. Over 30 percent of the homes in Eureka were built prior to 1939 and visitors can walk from house to house to soak up the charm of yesteryear. Interspersed throughout the historic area are small gift and antique stores. A boardwalk also connects the town's two marinas and is open to the public to stroll while looking at the historic seaport.
A strong community feel! With a population of a little over 27,000, Eureka is growing at a rate of three percent per year. This moderate growth helps foster a strong sense of community that is bolstered by local annual events and festivals that bring residents together. The yearly Redwood Coast Music Festival features a mix of local musical talent with national artists. In December, locals and visitors can enjoy the annual Candlelight Walk in the Redwoods. Led by a ranger, visitors walk through the great redwood trees outside town after the sun sets. The trees are lighted by over 200 luminaries and there is roaring campfire at the end of the trail. Each of the many events that occur every year help bring locals together to create a close knit community feel.