Rent to own Homes in Menifee, CA
In the southwestern part of Riverside County sits the city of Menifee, California. Back in 2010, the population here was 77,519, and the number is expected to grow rapidly over the next seven years. The city covers 46.6 square miles, and some of the homes in Menifee cost between $1,000,000 and $3,000,000.
Menifee, CA is a great place for affordable rent-to-own homes! With a median household income of over $76,824 and a median rent of $1,657, the Menifee, 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 Menifee, 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 Menifee, CA Property Resources
Rent to own Homes in Cities Near Menifee, CA
- Beaumont
- Bonsall
- Camp Pendleton Mainside
- Camp Pendleton North
- Canyon Lake
- Corona
- Coto de Caza
- East Hemet
- Fallbrook
- French Valley
- Good Hope
- Green Acres
- Hemet
- Home Gardens
- Homeland
- Ladera Ranch
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Lake Mathews
- Lakeview
- March Air Reserve Base
- March ARB
- Meadowbrook
- Mead Valley
- Menifee
- Mission Viejo
- Modjeska
- Moreno Valley
- Murrieta
- Nuevo
- Oceanside
- Pala
- Pauma Valley
- Perris
- Rainbow
- Rancho Mission Viejo
- Rancho Santa Margarita
- Riverside
- Romoland
- Sage
- San Clemente
- San Jacinto
- Temecula
- Temescal Valley
- Trabuco Canyon
- Warm Springs
- Wildomar
- Winchester
- Woodcrest
Neighborhoods in Menifee, CA
Quail Valley rent to own homes Heritage Lake rent to own homes Romoland rent to own homes Audie Murphy Ranch rent to own homesPopular Zip Codes in Menifee, CA
92585 rent to own homes 92584 rent to own homes 92587 rent to own homes 92586 rent to own homesBuying a Home in Menifee, CA
Menifee, CA is seeing rapid growth and Menifee, CA's' housing market remains not optimal with an average home price that is 62% above the 2024 national average. Menifee, 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 Menifee, CA
Median Rent in Menifee, CA
Top Reasons to Live in Menifee CA
Housing Statistics From May 13th, 2013 to July 13th, 2013, the median sales price for homes in Menifee was $270,250. This was an increase of 28.7 percent from the previous year, but only a 10.3-percent increase compared to the previous quarter. On average, a home lists for $301,284, as of August 14th, 2013. This was an increase of 5.8 percent from the prior month of July. The median years residing in Menifee is 4.17 years, and the annual residential turnover is 15.52 percent. Of the 667 homes for sale in this Californian city, 579 are single-family homes. 23 of those properties are townhomes/condos. These statistics include homes that are rent to own.
Transportation Three buses are close to the Menifee area, although they are not actually in Menifee. Located on 4th St in Perris is the Greyhound Bus line. It's approximately 5.6 miles from the center of the Menifee. Located the same distance from the center of Menifee is El Corre Caminos, which is located on Wilkerson Ave in Perris. First Transit is 6.7 miles from the middle of Menifee, and it's situated on Metz Rd in Perris. So if you're trying to get around Menifee, you're probably going to need a car.
Local Shopping Located within Menifee are Newport Plaza and Menifee Town Center. In addition, pet lovers will enjoy shopping for their furry friends at Pet Pals Pet Boutique. Keller's Jewelry offers unique jewelry fashions, while Sew Elegant Dress Making will craft you the perfect dress for your wedding, prom or other special event. They also do alterations.
Neighborhoods Here are two Menifee neighborhoods you should know about: