Rent to own Homes in Lomita, CA
Lomita, also known as 'The Friendly City,' is an area with a population of just over 20,000 that's far enough from Los Angeles to avoid major traffic jams but close enough to call Hollywood a neighbor. For being so close to L.A., there does seem to be a shortage of stars coming out of Lomita, though. The Descendents and pitcher Ted Lilly are about it. Of course, after being home to a comic book store owned by professional wrestler Rob Van Dam, the city might have had its fill of stars.
Lomita, CA is a great place for affordable rent-to-own homes! With a median household income of over $76,090 and a median rent of $1,460, the Lomita, 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 Lomita, 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 Lomita, CA Property Resources
Rent to own Homes in Cities Near Lomita, CA
- Artesia
- Bell
- Bellflower
- Bell Gardens
- Buena Park
- Carson
- Cerritos
- Compton
- Cudahy
- Culver City
- Del Aire
- Downey
- East Los Angeles
- East Rancho Dominguez
- El Segundo
- Fountain Valley
- Harbor City
- Hawthorne
- Huntington Beach
- Ladera Heights
- Lakewood
- La Mirada
- La Palma
- Lennox
- Lomita
- Los Alamitos
- Lynwood
- Manhattan Beach
- Marina del Rey
- Maywood
- Midway City
- Montebello
- Monterey Park
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Rolling Hills
- Rossmoor
- Santa Monica
- South Whittier
- Sunset Beach
- Vernon
- View Park-Windsor Hills
- West Carson
- West Hollywood
- Westminster
- Whittier
- Wilmington
Neighborhoods in Lomita, CA
Lomita rent to own homesPopular Zip Codes in Lomita, CA
90717 rent to own homesBuying a Home in Lomita, CA
Lomita, CA is seeing rapid growth and Lomita, CA's' housing market remains not optimal with an average home price that is 184% above the 2024 national average. Lomita, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Lomita, CA
Median Rent in Lomita, CA
Top 4 Reasons to Live in Lomita, CA
Exceptional home values! For those looking into rent to own residences, there aren't many places that are better options than Lomita. This is because, even throughout the housing market crisis, Lomita homes maintained their value. Over the past year alone, values have gone up 19 percent. Whether people feel safe due to the Lomita Station of the L.A. County Sheriff's Department or enjoy the perks of living close to the continuously expanding Lomita Railroad Museum, they've managed to keep the place desirable.
History surrounds the place! In the grand scheme of things, most cities and towns in America are lucky to have one easily accessible museum. Unfortunately, a nature lover may end up stuck with a history museum. This is never the case in Lomita. You have the choice of several nearby museums, including the Natural History Museum, the Western Museum of Flight, the Drum Barracks Civil War Museum and several others.
Great property tax rates! You would likely think that an area with ever-increasing house values would hit its residents with insane property taxes. When it comes to Lomita, however, this just isn't the case. In fact, taxes for a household in Lomita will cost more than 30 percent less than the average tax rate in America. In reality, this may be one of the reasons why living in the area, whether near Rolling Hills Country Club or further north around the Crossroads Shopping Center, is still so desirable.
Minutes from the greatest sights in the world! When you're living in Lomita, you're easily within driving distance of Long Beach, Redondo Beach and Manhattan Beach. Hitting up the ocean, however, isn't your only fun option. You're literally less than one hour away from the Hollywood Sign. From there, it's just a quick skip over to the Santa Monica Mountains. Looking for a quieter daytime stroll? Check out one of the many city gardens, like the Drought Tolerant Garden or the Takaishi Garden that was dedicated to Lomita's sister city of Takaishi, Japan.