Rent to own Homes in Newport Beach, CA
Newport Beach, CA is a great place for affordable rent-to-own homes! With a median household income of over $133,849 and a median rent of $2,409, the Newport Beach, 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 Newport Beach, 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 Newport Beach, CA Property Resources
Rent to own Homes in Cities Near Newport Beach, CA
- Aliso Viejo
- Anaheim
- Avocado Heights
- Brea
- Chino Hills
- Coronita
- Costa Mesa
- Covina
- Cypress
- Dana Point
- Diamond Bar
- East La Mirada
- Eastvale
- Foothill Ranch
- Fountain Valley
- Fullerton
- Garden Grove
- Hacienda Heights
- Huntington Beach
- Industry
- Irvine
- Laguna Woods
- La Habra Heights
- Lake Forest
- La Puente
- Mira Loma
- Mission Viejo
- Montclair
- Norco
- North Tustin
- Norwalk
- Ontario
- Orange
- Placentia
- Pomona
- Rossmoor
- Rowland Heights
- San Juan Capistrano
- Santa Ana
- Silverado
- South San Jose Hills
- South Whittier
- Villa Park
- Walnut
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Williams Canyon
- Yorba Linda
Neighborhoods in Newport Beach, CA
Newport Ridge rent to own homes Cameo rent to own homes Eastbluff rent to own homes Harbor Island rent to own homes The Bluffs rent to own homes Villa Point rent to own homes Newport rent to own homes Newport Bluffs rent to own homes Belcourt rent to own homes Pelican Hill rent to own homesPopular Zip Codes in Newport Beach, CA
92658 rent to own homes 92659 rent to own homes 92657 rent to own homes 92660 rent to own homes 92663 rent to own homes 92661 rent to own homes 92662 rent to own homes 92625 rent to own homesBuying a Home in Newport Beach, CA
Newport Beach, CA is seeing rapid growth and Newport Beach, CA's' housing market remains not optimal with an average home price that is 809% above the 2024 national average. Newport Beach, CA is part of Orange 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 Orange is 0.56% which is below the national average, which is 0.99%.