Rent to own Homes in Indio, CA
Indio lies just within Riverside County in California. The city's population in 2010 was 76,036, and it once held the nickname "The Hub of the Valley" because of the potential it had to offer to people living there.
Indio, CA is a great place for affordable rent-to-own homes! With a median household income of over $53,434 and a median rent of $1,113, the Indio, 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 Indio, 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 Indio, CA Property Resources
Rent to own Homes in Cities Near Indio, CA
Neighborhoods in Indio, CA
Indio rent to own homes Downtown Indio rent to own homes Marshalls rent to own homes Sun City Shadow Hills rent to own homes Talavera rent to own homes Gillette Park rent to own homes Midtown rent to own homes Avenue 42 Corridor rent to own homes Northwest Indio rent to own homes North Indio rent to own homesBuying a Home in Indio, CA
Indio, CA is seeing rapid growth and Indio, CA's' housing market remains not optimal with an average home price that is 33% above the 2024 national average. Indio, 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 Indio, CA
Median Rent in Indio, CA
Top Reasons to Live in Indio CA
Housing Statistics
- According to several websites, between 15 and 19% of homes are vacant in Indio. Keep in mind, the national average is just over 10%
- In total, about 30-32% of homes are rented, as opposed to owned.
- The median home sale price fluctuated between $190,000 and $215,000 in the last year
- During this time, the average sale price rose to about $120 per square foot.
According to several websites, between 15 and 19% of homes are vacant in Indio. Keep in mind, the national average is just over 10%
In total, about 30-32% of homes are rented, as opposed to owned.
The median home sale price fluctuated between $190,000 and $215,000 in the last year
During this time, the average sale price rose to about $120 per square foot.
Local restaurants Indio consists of some of the best restaurants in California. On Indio Blvd. one can find MacArio's Restaurant, where the service is terrific. There is the Track Room Tavern on Avenue 51, where one can go for good food and fine drinks. Mario's Italian Cafe has great service and good food at reasonable prices. Cactus Jack serves large portions of food and has competitive prices.
Tourist Attractions Tourists often travel to Indio because of the many attractions the city has to offer. The Eldorado Polo Club Incorporated and the Empire Polo Club are two venues for polo lovers. Coachella Valley Museum and Center has some rare artwork. Spotlight on the Desert offers a weekly entertainment show. Sunrise Balloons Thermal has a great getaway package for two.
Local Events and Festivals Indio is sometimes called "the City of Festivals" because of the amount of events held there each year. Annually, the city has music concerts, rallies involving 4 by 4 monster trucks, and horse riding and rodeo events. During the National Date Festival, one can expect to enjoy a day of camel racing. The Indio International Tamale Festival has gained a place in the Guinness World Records book. The Coachella Valley Music and Arts Festival has some of the world's best musicians performing in Indio each year. Other annual festival events that take place in the city are the Southwest Arts Festival, the Cabazon Indian National Pow Wow and the Palm Springs Kennel Club Dog Show.
Arts and Culture People in the city of Indio take their arts and culture seriously. One of the best places to view art is the Coachella Valley History Museum and Cultural Center. The center is comprised mainly of three sections: the Smiley-Tyler House, the Schoolhouse, and the Date Museum, which is the only one of its kind in the world. The Indio Hills Palms is a park that is dedicated to providing support for palm growing.