Rent to own Homes in Pico Rivera, CA
Be close to an international airport. Pico Rivera is only approximately 20 miles from Los Angeles International Airport, putting air travel in your backyard. Uber taxis are popular in the Los Angeles area. Call one and make your travel that much simpler.
Pico Rivera, CA is a great place for affordable rent-to-own homes! With a median household income of over $70,620 and a median rent of $1,393, the Pico Rivera, 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 Pico Rivera, 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 Pico Rivera, CA Property Resources
Rent to own Homes in Cities Near Pico Rivera, CA
- Beverly Hills
- Duarte
- East Pasadena
- Encino
- Glendora
- Granada Hills
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irwindale
- La Canada Flintridge
- La Crescenta-Montrose
- Ladera Heights
- La Habra Heights
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Marina del Rey
- Maywood
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Panorama City
- Paramount
- Pico Rivera
- Rolling Hills
- Rose Hills
- Rossmoor
- San Pasqual
- Sierra Madre
- South Monrovia Island
- South Whittier
- Tarzana
- Van Nuys
- Vincent
- Walnut
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in Pico Rivera, CA
El Rancho rent to own homesBuying a Home in Pico Rivera, CA
Pico Rivera, CA is seeing rapid growth and Pico Rivera, CA's' housing market remains not optimal with an average home price that is 114% above the 2024 national average. Pico Rivera, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Pico Rivera, CA
Median Rent in Pico Rivera, CA
Top 14 Reasons to Live in Pico Rivera, CA
Enjoy Los Angeles. Only 10 miles from Los Angeles, you can enjoy all that the city has to offer. See the multitude of exhibits at the Getty Museum or plan an evening in the summer to catch an outdoor movie at the Hollywood Forever Cemetery.
Have your choice of local parks. The city offers a choice of nine parks from which to choose the setting for your outdoor adventure. Be sure to include Smith Park and Rivera Park in your picnic rotation.
Enjoy a mild climate. Average monthly high temperatures tend to span between 70F and 90F throughout the year, while average monthly low temperatures tend to stay between 45F and 65F. This mild climate allows you to comfortably be outside doing the things that you love, like golfing at the Pico Rivera Golf course or biking the Paseo del Rio.
Be in close proximity to major roadways. Pico Rivera's central location offers access to several major highways, including the San Gabriel and the Santa Ana. This accessibility is immensely helpful when commuting for work or pleasure.
Go to the rodeo. Next to Bicentennial Park sits the Pico Rivera Sports Arena, home to rodeos and other forms of entertainment. On average, 25 shows are held at the arena each year.
Get to know your city. For a great deal of information on Pico Rivera's history, take advantage of the Pico Rivera Historical Museum. The Museum is located within a historical train depot, one of only a handful left in the country, and is run by volunteers from the Pico Rivera History and Heritage Society.
Visit the theme parks. Disneyland and Disney California Adventure, both with their array of fascinating rides and shows, are only 18 miles away. You can escape to these fantasy lands as often as you wish.
Find what you need at the many local shopping centers. Pico Rivera has several shopping centers where you can buy home items, clothing, groceries and pet products. Stroll the expansive Pico Rivera Marketplace or the Pico Rivera Towne Center to find what you need.
Get more space. Get more bang for your housing buck in Pico Rivera, as its median list price per square foot is lower than the Los Angeles metro average. Rent to own a larger space in the popular neighborhoods of Rosemead Boulevard-Beverly Boulevard or Clarinda Avenue-La Docena Lane.
Rent for less. The average rental rate in Pico Rivera is several hundred dollars less than the average rental rate in the Los Angeles Metro area. Discover your new community by finding rent to own homes near one of the many beautiful parks, such as Obregon Park or Streamland Park.
Appreciation rates are among the highest in the country. Over the last 10 years, Pico Rivera's home appreciation rate was approximately 46%, which equates to an annual appreciation rate of 3.9%. This appreciation rate puts Pico Rivera in the top 20% in the nation. Pico Rivera is a great place to find a long-term investment, perhaps in the higher-appreciating neighborhoods of City Center or the Serapis Avenue-Myron Street area.
Pay less property tax. Property tax in Pico Rivera is slightly less than the national average. Use the money you will save on property taxes to find your dream house in the desirable communities near Passons Boulevard-Whittier Boulevard or Pico Vista Road-Lochinvar Drive.
Revel in your own space. The most common type of housing in Pico Rivera is the single-family detached home, so finding a private space where you can create your new household is in your reach. Discover rent to own houses in the neighborhoods of Rosemead Boulevard-Manzanar Avenue or Whittier Boulevard-Durfee Avenue.