Rent to own Homes in Olivehurst, CA
Olivehurst is a census-designated place that is located in Yuba County. With more than 13,000 residents, this area is about 35 miles north of Sacramento and six miles southeast of Yuba City. One of the most notable landmarks you'll find here is the Yuba County Airport, with the picturesque Feather River not far west of it. There's also the Lake of the Woods State Wildlife Area, which calls locals to camp, hike, or just sightsee in the area.
Olivehurst, CA is a great place for affordable rent-to-own homes! With a median household income of over $54,309 and a median rent of $1,021, the Olivehurst, 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 Olivehurst, 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.
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Rent to own Homes in Cities Near Olivehurst, CA
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Popular Zip Codes in Olivehurst, CA
No zip codes foundBuying a Home in Olivehurst, CA
Olivehurst, CA is seeing rapid growth and Olivehurst, CA's' housing market remains not optimal with an average home price that is 15% above the 2024 national average. Olivehurst, CA is part of Yuba 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 Yuba is 0.7% which is below the national average, which is 0.99%.
Median Home Price in Olivehurst, CA
Median Rent in Olivehurst, CA
Top 4 Reasons to Live in Olivehurst, CA
Affordable real estate! Whether you plan to rent or buy here, you'll like the rather low prices. The median rent is about $800 monthly, which is much lower than the median of $1,200 for California. If you want to buy, there is similar good news because the median house price is about $152,000, which is less than half of California's average. Look for homes near some of the major streets in this area, such as McGowan Parkway and Fleming Way or Arboga Road and Ella Avenue.
Places to eat and shop! Olivehurst has plenty of restaurants, such as Grumpy's Tavern, El Taco Naco Mexican Food and Neighbors Pizza. You can also get breakfast or lunch at Duke's Diner, or stop by Home Town Burger for lunch or dinner. When you need to buy a few things, you can head to Rite Aid, and when you need a movie for the night, check out Video Express. If you want to do a little more shopping, Marysville is just five minutes north and features a Walmart, Dollar Tree, AutoZone and more.
Lots of homeowners! If you want to buy a property in Olivehurst, you won't be alone. About 66% of residents here own their home, a figure that's a little higher than average. Maybe it's because the homes are so affordable compared to the rest of the state. Regardless of the reason for buying here, you can find rent to own houses and homes for sale near Links Parkway and Wheeler Ranch Drive, or Maplehurst Street and Sophia Street.
Great location! Not only is the Yuba County Airport located in Olivehurst, but major freeways like State Route 65 and State Route 70 both go through this area. This makes it easy to go north and south as needed. And, of course, when you live in Olivehurst, you're only about 40 minutes north of Sacramento and an hour and a half northeast of San Francisco.