Rent to Own Homes near Pasadena, CA

Top Reasons to Live in Pasadena CA

  • Home to the Rose Bowl and Tournament of Roses Parade, Pasadena, California, is a charming town that offers the best of both worlds. The city of over 137,000 has the character and ambiance of a small town without being too isolated from big city life. The close proximity to Los Angeles, along with its own bustling downtown, makes Pasadena a modern, urban environment that still has a laid-back feel. Pasadena is also home to the California Institute of Technology and the Jet Propulsion Laboratory.

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  • Housing StatisticsPasadena has witnessed a steady growth in terms of home sale prices over the past few years. The median home sale price is now close to $564,000, registering an increase of almost 4% since last year. The number of home sale transactions have also remained steady, suggesting a continuing interest in residential property in the city. Of the total number of sales transactions, 28% were completed through cash. Owing to high home prices, people prefer to rent apartments instead of buying them. As a result, almost 51% of the houses are rented, 41% are owned, and 7% are vacant. As the rent to mortgage ratio is higher than normal in Pasadena, people are warming up to the idea of rent to own houses.
  • Transportation and CommutesThe best part about living in Pasadena is that you get to enjoy the perks of city life without having to tolerate its unpleasant aspects. For instance, commuting in Pasadena is much less of an ordeal than in neighboring cities like Los Angeles. The average commute time is close to 30 minutes and most of the people drive their own cars to work. A small fraction of the population also uses modes of public transport (the Los Angeles Metro Gold Line or one of the many bus services) to commute to work daily. Walking remains the preferred mode of commuting in the downtown area of Old Pasadena.
  • Nightlife in PasadenaEven though one can always drive to Los Angeles to get a taste of exciting night life, the truth is that Pasadena itself has a lot to offer in this department. There is something for everyone, from upscale, suave lounges to boisterous dance clubs. There is absolutely no dearth of options--Club Menage, on E Coronado Boulevard, is known for its Moulin Rouge-style decor and happening music. Kings Row Gastropub, also on E Coronado, is the first gastropub in town and is known for its craft brews. Bashan Restaurant on N Verdugo Road and Levitt Pavilion are among the other more popular drinking establishments in the city.
  • Neighborhood GuideNeighborhoods in Pasadena are often categorized in two categories: north or south of the 210 freeway. Here are some areas you should know about: