Rent to own Homes in Monterey, CA
Located in Central California on the Pacific Coast, Monterey was home to California's first theater, publicly funded school, and newspaper. The large fishery in the area was responsible for farm-raising fish. And its gorgeous backdrop made it a popular destination for artists and authors like Percy Gray and Henry Miller, who flocked to the area to follow their passions. Present day Monterey offers ocean views and robust culture.
Monterey, CA is a great place for affordable rent-to-own homes! With a median household income of over $80,908 and a median rent of $1,855, the Monterey, 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 Monterey, 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 Monterey, CA Property Resources
Rent to own Homes in Cities Near Monterey, CA
- Amesti
- Aptos Hills-Larkin Valley
- Aromas
- Big Sur
- Boronda
- Carmel
- Carmel-by-the-Sea
- Carmel Valley
- Carmel Valley Village
- Castroville
- Chualar
- Corralitos
- Del Monte Forest
- Del Rey Oaks
- Elkhorn
- Freedom
- Interlaken
- La Selva Beach
- Las Lomas
- Marina
- Monterey
- Moss Landing
- Pacific Grove
- Pajaro
- Pajaro Dunes
- Pebble Beach
- Prunedale
- Rio del Mar
- Salinas
- Sand City
- Seaside
- Spreckels
- Watsonville
Neighborhoods in Monterey, CA
Old Monterey Business District rent to own homes Del Monte Grove Laguna Grande rent to own homes Skyline Forest rent to own homes Villa Del Monte rent to own homes Casanova Oak Knoll rent to own homes New Monterey rent to own homes Monterey Vista rent to own homes Old Town rent to own homes Downtown Monterey rent to own homes Del Monte Beach rent to own homesPopular Zip Codes in Monterey, CA
93944 rent to own homes 93942 rent to own homes 93943 rent to own homesBuying a Home in Monterey, CA
Monterey, CA is seeing rapid growth and Monterey, CA's' housing market remains not optimal with an average home price that is 274% above the 2024 national average. Monterey, CA is part of Monterey 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 Monterey is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Monterey, CA
Median Rent in Monterey, CA
Top 7 Reasons to Live In Monterey
Check out the robust arts scene! From top-notch music at the Monterey Jazz Festival and Golden State Theatre, to stage productions at the Wharf Theatre, residents aren't short on entertainment. Locals can browse art collections nearby as well, at the Monterey Museum of Art or get a regional history lesson at the Museum of Monterey.
Shop local year-round! Monterey enjoys an eclectic mix of boutique shops and farmers markets year-round. Take on the town and support the local merchants at stores like Angie's Boutique and Clothing Optional. When seeking farm fresh items head to Old Monterey Marketplace and stock your bags full of fine produce, among other groceries.
Wine and dine! Wine country and eateries galore, the area boasts vineyards producing some amazing grape runoff. Head to the tasting at Bargetto and talk shop with the staff while sampling their offerings. Montrio Bistro, offering New American fare, will round out any evening by offering a superb wine list all its own to compliment dishes like duck breast and lobster mac and cheese.
Admire the unique architecture! Among the Spanish-style flare of the community, you'll also find plenty of Colonial homes -- to include, the Larkin House and the Mary C.W. Black Studio house. Facades that intrigue also include those at Fisherman's Wharf, an attraction for tourists and locals alike.
Homes high in value! The blocks surrounding Monterey Salinas Highway and Josselyn Canyon Road make up the most valuable properties in the area. Median home values reach $1,089,802 and rental costs, on average, are $2,583 monthly. Living in this section of town affords convenient access to Laguna Seca Recreation Area as well as Jack's Peak Park and Laguna Seca Golf Ranch.
Occupy beachfront real estate! Many of Monterey's communities are conveniently located seaside. When seeking a rent to own property that boasts a view of the tide, look to Del Monte, where median home values are $580,184 and average monthly rent is $1,643. Laguna Grande Regional Park, Monterey Pines Golf Course, Monterey State Beach, and the Monterey Regional Airport reside in this neighborhood.
Enjoy the great outdoors! Whether seeking a seaside oasis or the vast desert landscape of nearby mountains, the city has something to offer. Go for a moderate to intense hike at Pinnacle's National Park or catch a glimpse of the endangered California Sea Otter at the Monterey Bay Marine Sanctuary. If seeking lush forest vistas, head to the closed-cone pine forest and walk among the trees.