Rent to own Homes in Riverside, CA
Choosing a new home can be an exciting adventure, but only if you know where you want to live and that the market in that area is ideal. For those people considering a move to Riverside, California, the city near the Santa Ana River and the largest in the Inland Empire of Southern California, there will be a huge selection of homes in the area. This city, which has more than 203,800 people is 81 square miles and offers various neighborhoods and communities with prime options in both the rental property market and in homes for sale. The only question is whether or not it is right for your particular needs.
Riverside, CA is a great place for affordable rent-to-own homes! With a median household income of over $72,738 and a median rent of $1,466, the Riverside, 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 Riverside, 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 Riverside, CA Property Resources
Rent to own Homes in Cities Near Riverside, CA
- Anaheim
- Beaumont
- Bloomington
- Bryn Mawr
- Cherry Valley
- Colton
- Crestmore Heights
- Eastvale
- Fontana
- French Valley
- Glen Avon
- Good Hope
- Grand Terrace
- Green Acres
- Homeland
- Jurupa Valley
- Lake Arrowhead
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Lake Mathews
- Lakeview
- Loma Linda
- March Air Reserve Base
- March ARB
- Meadowbrook
- Mead Valley
- Menifee
- Mentone
- Mira Loma
- Moreno Valley
- Muscoy
- Norco
- Oak Glen
- Ontario
- Pedley
- Perris
- Rancho Santa Margarita
- Redlands
- Riverside
- Romoland
- Rubidoux
- San Jacinto
- Silverado
- Sunnyslope
- Warm Springs
- Wildomar
- Winchester
- Woodcrest
- Yucaipa
Neighborhoods in Riverside, CA
Riverside Airport rent to own homes Alessandro Heights rent to own homes Hawarden Hills rent to own homes Arlanza rent to own homes Arlington rent to own homes Arlington Heights rent to own homes Arlington South rent to own homes Canyon Crest rent to own homes Casa Blanca rent to own homes La Sierra rent to own homesBuying a Home in Riverside, CA
Riverside, CA is seeing rapid growth and Riverside, CA's' housing market remains not optimal with an average home price that is 79% above the 2024 national average. Riverside, CA is part of Riverside 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 Riverside is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Riverside, CA
Median Rent in Riverside, CA
Top Reasons to Live in Riverside CA
The Housing Statistics in Riverside A good place to start when making an investment decision is the housing market. Do this prior to looking at homes or even considering the various neighborhood options. It provides a look at the overall affordability of the area as well as the long term potential it has to offer. Riverside is like many other areas in California that was hit hard by the housing bust. However, it has recovered well in some areas, making it a potential ideal location.
Tourist Attractions There is no doubt that Riverside, an historically rich area, has numerous tourism destinations. Depending on where you wish to live, you may find rent to own homes nearby these landmarks. A good place to start is with the historic Mission Inn, Riverside Fox Theatre, and the Riverside County Historic Courthouse. A visit to area allows visitors to see the beautiful architecture present in the area, including the numerous Queen Anne style homes from the 1800s.
Weather and Climate Its location in Southern California provides easy access to the beautiful outdoors throughout the year. The city has a semi-arid Mediterranean climate, which includes hot and dry summer months with somewhat wet and mild winters. The city has mostly low humidity, too. In the winter, temperatures drop to the low 60s and during the summer months they can reach 95 degrees on average. Overall, the area is sunny and ideal for farming as a result.
Neighborhoods in Riverside As a large city with plenty of areas of mixed residential and commercial property, Riverside has numerous neighborhoods that could be the ideal place to find rental homes. The following are some of the most prominent of those destinations.