Rent to own Homes in Laguna Beach, CA
A seaside resort community in southern California, Laguna Beach is known as much for its art scene as for its luxurious beachfront homes. The quality of life is high here, and the cost of living reflects this. Affordable communities can be found throughout the town, and free beach shuttles make any home mere minutes from the ocean.
Laguna Beach, CA is a great place for affordable rent-to-own homes! With a median household income of over $128,099 and a median rent of $2,401, the Laguna Beach, 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 Laguna Beach, 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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Rent to own Homes in Cities Near Laguna Beach, CA
- Aliso Viejo
- Anaheim
- Capistrano Beach
- Chino Hills
- Corona
- Corona Del Mar
- Coronita
- Costa Mesa
- Coto de Caza
- Dana Point
- Foothill Ranch
- Fountain Valley
- Garden Grove
- Huntington Beach
- Irvine
- Ladera Ranch
- Laguna Beach
- Laguna Hills
- Laguna Niguel
- Laguna Woods
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Midway City
- Mission Viejo
- Modjeska
- Newport Beach
- Newport Coast
- North Tustin
- Orange
- Placentia
- Rancho Mission Viejo
- Rancho Santa Margarita
- San Clemente
- San Juan Capistrano
- Santa Ana
- Silverado
- Stanton
- Temescal Valley
- Trabuco Canyon
- Tustin
- Villa Park
- Westminster
- Williams Canyon
- Yorba Linda
Neighborhoods in Laguna Beach, CA
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Laguna Beach, CA is seeing rapid growth and Laguna Beach, CA's' housing market remains not optimal with an average home price that is 762% above the 2024 national average. Laguna Beach, CA is part of Orange 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 Orange is 0.56% which is below the national average, which is 0.99%.
Median Home Price in Laguna Beach, CA
Median Rent in Laguna Beach, CA
Top 4 Reasons to Live in Laguna Beach, CA
Low property taxes! Since the median home prices seriously outpace the national average, it's a good thing that the property tax rate is lower than the national average. The national property tax rate is $12.07, while locally it is only $7.57. To still enjoy all that Laguna Beach has to offer without budgeting all income on housing, choose a home for rent in the Laguna Canyon area. Since it isn't beachfront, the prices are less, but the views from the hills are spectacular. Temple Hills is another secluded neighborhood that boasts views but without the throngs of beach crowds.
Strong rental market! More homes are rented here than the national average (32.77% compared to just 30.19% nationally). Plus, more than 15% of Laguna Beach's existing homes are vacant at any one time, which is higher than the national average of 12.47%. For residents shopping for homes in high-demand areas like South Laguna with its easy access to the coast, unbeatable beachfront views and laid-back vibe, or along the oceanfront Cliff Drive, this is very good news.
Arts are truly alive! Three million people visit Laguna Beach annually, and most do it to attend events like Art-A-Fair, the Sawdust Festival, the Festival of the Arts and other arts-centered annual events. The Pageant of the Masters, held each summer, features reproductions of famous works of art using people as models. As the oldest continuously running theater on the West Coast, the Laguna Playhouse stages professional productions on its own and as the home of the Laguna Playhouse Youth Theatre program.
Pleasant year-round temperature! While it does sometimes rain in southern California, despite what that song - you know the one - claims, it is a rare enough occurrence for residents are able to spend considerable time out and about throughout the year. Laguna Beach's mild Mediterranean climate means the area gets plenty of sunshine throughout the year. January's highs tend to hover around 68-70, while August rarely gets above the 80s. As a result, Laguna Beach has developed a rich surf culture and is the home of the oldest continuous surf contest in the world. The Brooks Street Surfing Classic began in 1955 and continues today during the summer months when the swells are at their highest. Only Laguna Beach residents can compete, and surfing greats such as Mickey Munoz, Hobie Alter and Tom Morey have competed.