Rent to own Homes in Modesto, CA
Modesto is a great place to buy or find rent to own houses. The median home value in Modesto is $169,000. Renters make up 39.56 percent of the population and the vacancy rate is 7.91 percent. 52 percent of homes are owner occupied. The annual residential turnover is around 20 percent.
Modesto, CA is a great place for affordable rent-to-own homes! With a median household income of over $62,182 and a median rent of $1,254, the Modesto, 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 Modesto, 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 Modesto, CA Property Resources
Rent to own Homes in Cities Near Modesto, 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 Modesto, CA
Dry Creek Meadows rent to own homes Sunset Boulevard rent to own homes Northwood Park rent to own homes Gregory Gardens rent to own homes Sylvan Meadows East rent to own homes Sherwood Forest rent to own homes Nottingham rent to own homes Lincoln Estates rent to own homes Coffee Plaza rent to own homes Highway Village rent to own homesPopular Zip Codes in Modesto, CA
95353 rent to own homes 95354 rent to own homes 95355 rent to own homes 95350 rent to own homesBuying a Home in Modesto, CA
Modesto, CA is seeing rapid growth and Modesto, CA's' housing market remains not optimal with an average home price that is 38% above the 2024 national average. Modesto, CA is part of Stanislaus 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 Stanislaus is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Modesto, CA
Median Rent in Modesto, CA
Weather and Climate The climate is one of the biggest draws to Modesto, California. It has cool winters and amply hot and dry summers. Temperatures in January run from a low of 40 degrees at night to a high of around 56 degrees. Modesto gets rain mostly in the winter, which can cause some flooding due to the lack of a full storm sewer system. Summer temperatures tend to reach the mid 90s and usually fall to the lower 60s at night. There have been cases of many high temperature days, however, with temperatures exceeding 100 degrees, but this is atypical. There is a 71 percent chance of sunshine annually - part of the reason why people in California stay so happy and healthy. The rainfall averages about 13.2 inches annually. Unfortunately for those who enjoy a white winter, there is rarely any snowfall.
Tourist Attractions California has always been known as a foodie's paradise and Modesto is no different. It has more than 200 places to eat, from casual taco stops to white tablecloth fine-dining. Al-Fendi is a great Mediterranean spot on J Street that serves traditional cuisine for super affordable prices. Bella Italia is a small and quaint Italian spot that offers all the home-cooked favorites you find in Italy. Thai House is a casual neighborhood spot that serves excellent Thai favorites like spicy curries and chicken satay. Bauer's on McHenry Avenue is another area favorite - it serves delectable local California cuisine in a relaxing atmosphere and the locals rave about it. For a nice glass of wine and great Paninos, try Camp 4 Wine cafe on 10th Street. In Downtown Modesto, one can find a variety of restaurants as well as nightlife. Downtown Modesto hosts a multi-venue Art Walk every month as well for art lovers. Modesto is also home to Gallo Center for the Arts and The State Theatre, and the John Thurman Field, home of the Modesto Nuts baseball team.
Largest Employers Modesto is a flourishing town with a lot going on! It has an active economy and the city is constantly working to keep people supplied with jobs and to keep moving the economy forward! Right now, the large and well-renowned E&J Gallo Winery employs 3,181 people and is the city's largest employer. It makes sense that in Wine Country, a winery would be providing a lot of jobs to the area residents! Right behind them, though is the Memorial Medical Center and Modesto City Schools, each providing around 3,000 jobs for Modesto residents. Next up is Seneca Fruit Products, which creates over 2,000 jobs for employees. Doctors Medical Center and Kaiser Permanente Healthcare employ around 1,900 and 1,760 people, respectively. Stanislaus Food Products, a vegetable processing plant, keeps over 1,700 people employed and Del Monte foods has about the same number of employees. Then it dips down to Frito-Lay with 684 employees, with Racor, Foster Farms Dairy and Olam Spices and Vegetables all close behind.
Tourist Attractions There's a lot to see and do in Modesto in addition to restaurants. The McHenry Mansion on 15th Street is the former home of Robert McHenry, who built it in 1883, and it is still one of Modesto's most popular tourist attractions. A block away you can find the McHenry Museum, the building that was formerly the city library. The Castle Air Museum on Santa Fe Drive is another interesting place to visit. It currently has over 45 aircrafts on display and will delight anyone with an interest in aviation. The Great Valley Museum of Natural History has great exhibits dealing with Central Valley's plants and animals, and the El Viejo Post Office, built during the Great Depression of the 1930s, offers a glimpse into Modesto's rich history. The American Graffiti Cruising Loop, the loop showcased in George Lucas's film, is a fun area to explore as well. The McClatchy Square is a large park that has a famous bronze statue of a paper boy with a dog at his side. It's also the location of the Gallo Rose Garden. Another bronze statue sits in Lucas Plaza at the intersection of Downey, 17th Street, McHenry Avenue, and J Street. It features a couple of 1960s teenagers hanging out by the fender of a '57 Chevy, another homage to the city's "American Graffiti" roots.