Rent to own Homes in Ridgecrest, CA
Ridgecrest is a small but growing town nestled between national forests and the desert. The slow pace afforded by life here is a natural complement to the bustle of life in Los Angeles and Las Vegas, both of which are a few hours' drive away. This desert city offers dining, plenty of real estate, and shopping. In fact, the city considers itself the shopping and business hub of the entire county.
Ridgecrest, CA is a great place for affordable rent-to-own homes! With a median household income of over $71,774 and a median rent of $928, the Ridgecrest, 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 Ridgecrest, 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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Ridgecrest, CA is seeing rapid growth and Ridgecrest, CA's' housing market remains optimal with an average home price that is -15% below the 2024 national average. Ridgecrest, CA is part of Kern 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 Kern is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Ridgecrest, CA
Median Rent in Ridgecrest, CA
Top 4 Reasons to Live in Ridgecrest, CA
Enjoy a forest in your backyard! Ridgecrest sits just miles from Sequoia National Forest. This vast and spectacular forest is home to the largest concentration of Sequoia trees in the world! Bicycling in the Hume Lake Ranger District, day-hiking along one of the many forest trails, and camping in one of the dozens of campgrounds are just some activities that await in the wilderness near Ridgecrest. To the northwest of the city lies Death Valley National Park. This parkland spans the states of California and Nevada and boasts opportunities for hiking, mountain biking, camping, and bird watching.
Sales prices are on the rise! Sales prices for all homes sold in Ridgecrest increased by more than 7% between late 2013 and late 2014. The price per square foot also increased by nearly 5% year over year! Given the relatively small population of about 27,000, the community also has a respectable number of homes on the market, from Dolphin Avenue in the south to North Knox Road in the northern corner of town.
Home sales are stabilizing! While the housing market in Ridgecrest, much like the rest of the country, saw a period of instability between about 2006 and 2009, sales here have been more stable in recent years. Rent to own properties, for sale by owner homes, and traditional sales are seeing fewer peaks and valleys along Drummond Avenue and North Downs Street.
Stay active and meet your neighbors! The Kerr McGee Community Center, Kerr McGee Youth Sports Complex, and Leroy Jackson Park Sports Complex are just a few of the local places to partake in sports and become acquainted with other Ridgecrest athletes. Between these venues, softball fields, tennis courts, and racquetball courts are all available to the public. James M. Pearson Memorial Park also has a basketball court and playground area for kids. Even athletes not interested in organized sports can still make use of the fitness room at the community center.