Rent to own Homes in Hemet, CA
For years, Hemet, California, was seen by many as a more quiet and affordable retirement location than the Palm Springs area. Lately, it has experienced growth, thanks to being on the edge of the Greater Los Angeles area. Nearby Diamond Valley Lake and the San Jacinto Mountains are favorites for outdoor recreation. On an artsy note, Hemet is home to the nation's longest-running outdoor play, which is part of the Ramona Pageant.
Hemet, CA is a great place for affordable rent-to-own homes! With a median household income of over $43,152 and a median rent of $1,157, the Hemet, 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 Hemet, 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 Hemet, CA Property Resources
Rent to own Homes in Cities Near Hemet, CA
- Angelus Oaks
- Banning
- Beaumont
- Big Bear City
- Big Bear Lake
- Bryn Mawr
- Cabazon
- Calimesa
- Cherry Valley
- Colton
- Desert Hot Springs
- East Hemet
- Forest Falls
- French Valley
- Good Hope
- Grand Terrace
- Green Acres
- Hemet
- Highgrove
- Highland
- Homeland
- Idyllwild-Pine Cove
- Lake Arrowhead
- Lakeview
- Loma Linda
- March Air Reserve Base
- March ARB
- Mead Valley
- Menifee
- Mentone
- Moreno Valley
- Morongo Valley
- Mountain Center
- Nuevo
- Oak Glen
- Palm Springs
- Perris
- Redlands
- Riverside
- Romoland
- Running Springs
- Sage
- San Bernardino
- San Jacinto
- Valle Vista
- Whitewater
- Winchester
- Woodcrest
- Yucaipa
Neighborhoods in Hemet, CA
Downtown Hemet rent to own homes St. Johns rent to own homes Sierra Dawn Estates rent to own homes Mcsweeny Ranch rent to own homes Panorama Village rent to own homes Farmers Fair rent to own homes Weston Park rent to own homes Seven Hills rent to own homes Terra Linda rent to own homes Page Ranch rent to own homesPopular Zip Codes in Hemet, CA
92546 rent to own homes 92543 rent to own homes 92545 rent to own homesBuying a Home in Hemet, CA
Hemet, CA is seeing rapid growth and Hemet, CA's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Hemet, CA is part of Riverside 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 Riverside is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Hemet, CA
Median Rent in Hemet, CA
Top Reasons to Live in Hemet CA
Housing Statistics The median home sales price in Hemet for May-Jul 2013 was $156,000, which was a 34 percent increase from the year before. There were 629 homes sold in the same period. The average list price is up to $178,180. A 17.5 percent percent vacancy rate for rentals makes apartment hunting easier. Just about 5 percent of homes are vacant, and renters make up just over 32 percent of total households. Rent to own opportunities are a viable option for house hunters in this city.
Transportation and Commutes The average commute time for Hemet workers is 30 minutes. People working in town, of course, spend less time on the road. For those working out of town, the commutes can be arduous. Going into Riverside, San Bernardino, or further in toward L.A. can mean commutes over an hour. Local mass transit is handled by the Riverside Transit Agency (RTA), but the majority of commuters travel by car.
Shopping in Hemet With Hemet's population approaching 80,000, and over 100,000 in surrounding areas, neighborhoods are seeing more choices for shopping. The Hemet Valley Mall is a smaller mall with a couple of national chains for major anchors, a nice variety of shops, and the requisite food court. The major regional grocery markets are represented around town. Due to the big-box shopping explosion that has swept over most of America, there aren't many locally-owned shops, but there are notable exceptions. One is IE Comics and Games on East Florida Ave. Another is the So Cal Ride Shop on South Sanderson, which is a hip skate shop with the latest in accessories and clothing.
Hemet Neighborhoods Hemet is struggling with a crime problem that is afflicting the entire city. But crime isn't all this city is about. There are plenty of positive aspects to Hemet, including quiet neighborhoods and beautiful views. Here is a brief description of the different areas in Hemet: