Rent to own Homes in Lemoore, CA
The pleasant city of Lemoore was incorporated on July 11, 1900, and is today called home by 25,000 residents. Originally a farming district, the city became a community organically, with the early settlers all contributing to making Lemoore a great, modern place to live. Though small, the city has produced an above-average number of notable people, including football players, astronauts, and famous musicians - so this might just be the place for you if you're the ambitious type!
Lemoore, CA is a great place for affordable rent-to-own homes! With a median household income of over $68,658 and a median rent of $1,097, the Lemoore, 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 Lemoore, 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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Lemoore, CA is seeing rapid growth and Lemoore, CA's' housing market remains not optimal with an average home price that is 12% above the 2024 national average. Lemoore, CA is part of Kings 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 Kings is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Lemoore, CA
Median Rent in Lemoore, CA
Top 6 Reasons to Live in Lemoore, CA
High home values! The median home value in Lemoore is now $180,700, a 10 percent rise from last year. During the next 12 months, home values are expected to rise by another 7.7 percent, which means it's a great time to invest in property and watch your asset grow. Look at the neighborhoods of Gepford and Cimarron/Halls Corner in particular.
Short commute! The abundance of local industries - including Tachi Palace, Lemoore Naval Air Station, and Olam International -- mean that long work commutes don't really exist here; 67 percent of residents have a commute time of under 25 minutes.
Pick of the houses! About 60 percent of the homes in Lemoore were built within the last thirty years, which means there will be a modern home waiting for you to buy or rent to own if that's what you're looking for. In addition, history enthusiasts will be pleased to know that some Lemoore homes date all the way back to the early twentieth century; check out the neighborhoods of E. Bush Street, N. Lemoore Avenue and E. Hanford Armona Road.
Don't stop believin'! Residents of Lemoore can practice their air-guitar skills at the Tachi Palace, which regularly hosts music concerts from established performances. Alternatively, head on over to Tiger Stadium on Friday nights to catch a passionately supported Lemoore High School football game. Who knows, you might even unearth a future star -- Journey frontman Steve Perry honed his musical craft playing in the marching band as a teenager.
Fun in the community! There's plenty of fun to be had in Lemoore. Culture vultures will find that their needs are filled by the Sarah A. Mooney Memorial, a Victorian house museum, while those of a more athletic persuasion should head on over to the Tachi Palace, where martial arts fights -- including UFC, WEC, and Strikeforce -- are regularly held.
Great weather! The agreeable climate of Lemoore offers warm summer weather, cold winters, and plenty of sunshine. The below average level of precipitation means there will be plenty of opportunities to visit the historic Lemoore Golf Course, based just east of Lemoore Naval Air, which was opened in 1928.