Rent to own Homes in Murrieta, CA
No city in the state of California is growing as rapidly as Murrieta. A sprawling commuter city with bright skies, vast expanses of green land, and classic California-style homes, Murrieta's population increased by mind-boggling 233% between 2000 and 2010. Clearly, there's some good stuff happening in this once humble, now entrepreneurial-oriented city. Murrieta was founded by Esequial Murrieta in the mid-nineteenth century after he purchased 52,000 acres of land in the valley that reminded him of his home in Spain. While the sheep ranch that he and his brother Juan founded eventually fell by the wayside, it's still possible to visit the land and its buildings, which Calvary Chapel Costa Mesa has spent considerable time and money restoring to an approximation of Murrieta's thriving 1873 ranch. That is, if you can find time in between visiting the vineyards that populate the valley.
Murrieta, CA is a great place for affordable rent-to-own homes! With a median household income of over $91,654 and a median rent of $1,859, the Murrieta, 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 Murrieta, 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 Murrieta, CA Property Resources
Rent to own Homes in Cities Near Murrieta, 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 Murrieta, CA
Historic Murrieta rent to own homes South Murrieta Business Corridor rent to own homes Vintage Reserve rent to own homes Greer Ranch rent to own homes Murrieta Oaks rent to own homes Murrieta Highlands rent to own homes Golden City rent to own homes Golden Triangle North rent to own homes Bear Creek rent to own homes North Murrieta Business Corridor rent to own homesBuying a Home in Murrieta, CA
Murrieta, CA is seeing rapid growth and Murrieta, CA's' housing market remains not optimal with an average home price that is 100% above the 2024 national average. Murrieta, 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 Murrieta, CA
Median Rent in Murrieta, CA
Top Reasons to Live in Murrieta CA
Housing Statistics Given the wild growth Murrieta is undergoing, it's no surprise that many newcomers are willing to pay a premium for their property in this southern California city. In fact, only 16% of homes and apartments are rented--75% of Murrieta's residents choose to buy, and the annual residential turnover is just 19%. Chalk it up to the quality of the schools or the quality of the homes, but Murrieta residents aren't going anywhere. Right now, even with the influx of young, ambitious, and successful new residents and the median home sale price in the mid-$200,000s, finding a home for sale is entirely possible. In fact, home sales aside, renting in Murrieta is pretty easy. Finding four bedroom houses for rent below $1,600 a month is common on the city's eastern borders, and even three bedroom apartments can come in for under $1,000 per month in certain neighborhoods.
Outdoor Activities So now that you've made it to the sunny, southern edges of California, you've really got it made. Golfing is big out in Murrieta, and within the city's 33 square miles, the city manages to house three large golf courses. So get ready to find a caddy and grab a cart. Bear Creek is perhaps the city's most famous of the three country clubs--its past visitors include former Presidents Ronald Reagan and Gerald Ford, both of whom took to the club's expertly designed course and brilliant landscape. Of course, with such perfect California weather, it's no surprise that the city manages to support an vast array of outdoor activities. Murrieta has built city-sponsored skate parks, equestrian centers, and even created sports leagues for adults and children alike, so instead of spending your Saturday afternoon watching reruns, why not join a game of adult kickball?
Local Events and Festivals Of course, if you're looking to get out of the heat and expand your social circle, the city's right by your side. Each month, Murrieta sponsors a number of personal and professional networking events for those socially minded residents of the city. Spelly's Pub and Grille is a community staple that hosts monthly breakfasts where professionals meet, mingle, and eat. Murrieta is also home to several highly notable Californian vineyards, including Lorimar Winery, which hosts the ever popular Live @ Lorimar! concert series. Every Saturday evening, on a stage that overlooks Main Street, local and traveling musicians come together and give the town a wild and raucous night. There are even food and wine pairings available, thanks to the vineyard's excellent kitchen staff. And even when the summer days begin to cool, there is still Murrieta's annual Fall Festival to look forward to. Held in the California Oaks Sports Park, the festival gives you and your children a place to act as ghoulish as you like among a stunning assortment of local vendors, Halloween themed carnival rides, pumpkin carving contests, and of course, all the cotton candy you could possibly stomach.
Welcome to the Neighborhood When moving to a city the size of Murrieta, and especially a city where many residents are dependent upon cars and various other personal means of transportation, it's important to consider just where you're settling in. One thing that differentiates Murrieta from other cities is that its City Center is majorly renovated, with almost 70% of the buildings less than twenty years old. That means that not only your home, but every trendy, downtown restaurant you step in will be clean and beautiful. However, if you find yourself among the thousands moving to Murrieta with family in tow, check out the Rancho California area, located on the city's eastern tip. Its schools, including Alamos Elementary and Bella Vista Middle School, are some of the best in the city--not to mention its crime rates are almost nonexistent. However, the Tortuga Road area, located on the city's western edges, has schools that are just as strong, and it is also one of the wealthiest neighborhoods in the country. If you're looking for that perfect five bedroom home in which to live the good life, this is your place. Just be warned--it also has the longest commute time of any Murrieta neighborhood. But whether you're moving to this idyllic, southern California city for family, work, or just a change of place, it's going to be hard not to fall in love. After all, where else are you going to sit on a patio and watch palm trees sway over a landscape reminiscent of the Spanish countryside?