Rent to Own Homes in Norwalk, CA

One of Los Angeles' largest suburbs and popular film location, Norwalk, California, is home to more than 100,000 people. Located just 17 miles southeast of the downtown area, this city is a commuter's dream. The diverse mix of cultures here creates an exciting atmosphere for those seeking a new home. Real estate prices may daunt those from out of state, but California natives routinely pay substantially more for housing, making this city a reasonable compromise between luxury and practicality.

Housing Statistics

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Listing Type
Description
Price
Financing
Nearest
Details
D6e836f40b98d6b886ff1eec60240bae
Listing Type
Fannie Mae/Freddie Mac
Description

3 Beds, 1 Bath

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: New Harvest Christian School
Grocery: Walmart
Restaurant: Panda King
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595d35162a28f894c908140dd47766c2
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Morrison (Julia B.) Elementary
Grocery: Pronaturamex
Restaurant: Cafe Clique
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Da85fc9c3d20941acbdbb9f8969aedc0
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Sanchez (Arturo) Elementary
Grocery: Cora's Market
Restaurant: El Taconaso
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89ee3f055c6b060508c52057b7493c42
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Glazier (Anna M.) Elementary School
Grocery: R & G Foodbasket
Restaurant: La Costa Del Pacifico
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937e2c903e1c5d6974297b61c28b6425
Listing Type
Fannie Mae/Freddie Mac
Description

2 Beds, 1 Bath

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Lakeland Elementary
Grocery: Bionicos Zapopan
Restaurant: Hungry Boy Burgers
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0112f7785b33e9a19637c7b5fe49453f
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Glazier (Anna M.) Elementary School
Grocery: Sullivan Mead Management Group
Restaurant: Quality Dry Cleaner & Laundry
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049a558b2717d23fa44c3f3faba73065
Listing Type
Auction
Description

3 Beds, 2 Baths

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Sanchez (Arturo) Elementary
Grocery: El Cortez Meat Market
Restaurant: Diana's Mexican Food Products
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537e067314057f6da380d7750a825b63
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Moffitt (Thomas B.) Elementary
Grocery: Circle T Corp
Restaurant: Cabrio's Fine Dining Rstrnt
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3b484215c2d8224e82c7a341ba31301f
Listing Type
Auction
Description

2 Beds, 1 Bath

Norwalk, CA 90650

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Paddison Elementary
Grocery: Shop-N-Go
Restaurant: H Salt Fish & Chips
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The average price of homes changes dramatically, depending on the size and location. For detached homes, buyers can expect a price point around $400,000, while condominiums have a substantially lower cost at approximately $92,000, on average. With only an estimated 55 vacant houses for rent, it might be a challenge to find rent to own options, but they are out there. The number of vacant properties for sale is even lower, so be sure to plan a move well in advance. The 28.8 percent increase in median home sale prices compared to last year means this area is well worth a look for both renters and buyers.

Local Sports

As an LA suburb, residents of Norwalk have easy access to all of the the professional sports teams hosted in the city. Baseball fans can catch a game the Anaheim stadium to root for the Angel's. Pro basketball fans have a couple of options with the Clippers and the Lakers. Both teams play at the Staples Center in downtown LA. The 49ers, Raiders and Chargers all play out of California, although not Los Angeles. Still, football fans can plan a trip to catch Sunday game in San Francisco, San Diego or Oakland.

Weather and Climate

Other than the occasional earthquake, Norwalk has some of the nicest weather in the continental United States. This city sees less than half the United States average rainfall and absolutely no snow. Most years, residents enjoy sunny days for eleven out of twelve months. In July, temperatures average a very comfortable 82 degrees, while January weather never reaches bitterly cold, averaging 45.5 degrees. A short drive to the ocean gives residents a chance to cool off during the hottest days, and a light jacket is all that is needed during the winter.

Neighborhoods

Norwalk has all the amenities you could want in a city. Here are some of its neighborhoods you should know about:

Carmenita - This southeastern neighborhood has a slightly higher vacancy rate than more exclusive areas like Studebaker, but it can still be a challenge to find the right rental. Real estate prices are comparable to the rest of the city, but rental prices come in at a significantly lower average of just over $1,000. This is not the least expensive rental area, but it is much more reasonable than some of the other areas.

Civic Center - One of the least expensive areas to live, it is also one of the most convenient. Located in the city center, the Civic Center neighborhood has some of the lowest vacancy rates in the nation at less than 2 percent. The low cost rental prices, $708 on average, make it one of the more affordable areas anywhere surrounding LA.

Norwalk Hills - Located north of the city center, Norwalk Hills offers a variety of housing options from stand alone four and five bedroom homes to compact apartments in luxury buildings. Average real estate prices are slightly higher in this area, but it is renters that really feel the pinch. Average rental prices sit at around $1,400 per month, but the beautiful area and low crime rate offsets the price.

South Norwalk - Home to some of Norwalk's least expensive real estate, this area has some of the highest vacancy rates in the city at 4.5 percent. This is still substantially lower than the national average. Of course, those seeking a quick move will find that this area is the easiest in which to find a home.

Studebaker - Located in the northern part of Norwalk, Studebaker has some of the more pricey real estate in the area. The incredibly low vacancy rate - 2.2 percent - can dramatically impact moving time frames. Be prepared to either close immediately or wait several months for the perfect home to become available.