Rent to own Homes in Merced, CA
Merced, California, sits less than two hours away from one of the nation's premier natural treasures, Yosemite National Park. It's an agricultural city, situated in an area that is one of most productive food regions in the world. Growth in tech and transportation has diversified the economy somewhat, but the primary focus remains agriculture.
Merced, CA is a great place for affordable rent-to-own homes! With a median household income of over $49,973 and a median rent of $1,032, the Merced, 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 Merced, 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 Merced, CA Property Resources
Rent to own Homes in Cities Near Merced, CA
- Airport
- Ballico
- Bret Harte
- Bystrom
- Ceres
- Cowan
- Crows Landing
- Delhi
- Del Rio
- Denair
- East Oakdale
- Empire
- Escalon
- Farmington
- French Camp
- Garden Acres
- Grayson
- Hickman
- Hilmar
- Hilmar-Irwin
- Hughson
- Kennedy
- Keyes
- Knights Ferry
- Lathrop
- Linden
- Manteca
- Modesto
- Monterey Park Tract
- Oakdale
- Orange Blossom
- Parklawn
- Patterson
- Peters
- Ripon
- Riverbank
- Riverdale Park
- Rouse
- Salida
- Shackelford
- Stockton
- Turlock
- Valley Home
- Vernalis
- Waterford
- Westley
- West Modesto
Neighborhoods in Merced, CA
City Center rent to own homes Midtown rent to own homes East Main rent to own homes Auto Center rent to own homes Downtown Gateway rent to own homes West Main rent to own homes Uptown District rent to own homes Bellevue Ranch rent to own homes Downtown Merced rent to own homes South Merced rent to own homesPopular Zip Codes in Merced, CA
95344 rent to own homesBuying a Home in Merced, CA
Merced, CA is seeing rapid growth and Merced, CA's' housing market remains not optimal with an average home price that is 16% above the 2024 national average. Merced, CA is part of Merced 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 Merced is 0.65% which is below the national average, which is 0.99%.
Median Home Price in Merced, CA
Median Rent in Merced, CA
Top Reasons to Live in Merced CA
Housing Statistics Merced was hit very hard when housing crashed. Home values fell to 1998 levels. In 2009, one out of 10 homes was in a foreclosure filing, a rate that was number one in California and sixth nationwide. A rebound is underway but it's going to take awhile to regain lost values. The summer of 2013 saw the median home sale price up 31.3 percent, or $36,000, to an average of $151,000. The average list price for August was $254,829. 51.9 percent of the homes occupied are rentals and there is a vacancy rate of just over 9 percent. Rent to own houses are a popular alternative selling method.
In the Middle of Great Tourist Locations The High Sierra and Yosemite are to the east and are the biggest tourist draws, even giving Merced the moniker "Gateway to Yosemite." In addition, Kings Canyon and Sequoia National Parks are close by. Camping, hiking, mountain biking, and every kind of mountain adventure is within easy reach. The attractions of Monterey Bay and the Big Sur coastline are almost due west of Merced. Merced is in a huge agricultural valley with vast tracts of farmland, but there are recreation areas mixed in. The San Luis National Wildlife Refuge lies just a few minutes west of town.
Transportation and Commutes Merced is isolated enough from big cities that most of the 80,000 people who live there also work and study in the same area. Commutes to the north to Modesto or south to Fresno do happen, but count on an hour or more to either in traffic. The Amtrak San Joaquin line stops in Merced and there is a regional airport. Highway 99 is the main north-south highway, with Sacramento to the north and Los Angeles to the south.
Merced Neighborhoods Merced does have a higher than average crime rate, especially property crimes like car theft, so it's important to take security into consideration when picking a neighborhood. Here are some you should know about: