Rent to own Homes in Santa Clarita, CA

If you plan to move to this beautiful city, be prepared to pay California home prices. The average cost of a home for sale in Santa Clarita is $370,000. The average listing is close to $650,000. There are approximately 62,000 homes and 71% of those are owned by residents; 29% of the homes are rented. If you are interested in a rent to own home, it will cost you close to $1,500 per month, and this is for a one- or two-bedroom. Many people see these high prices and wonder why anyone would want to move to California and pay these exuberant prices. But California, in particular Southern California, has much to offer - warm weather year-around, a beautiful ocean, spectacular mountains, nice homes, and many attractions and activities. So if Santa Clarita has caught your heart, go for it.

Santa Clarita, CA is a great place for affordable rent-to-own homes! With a median household income of over $100,932 and a median rent of $2,003, the Santa Clarita, 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 Santa Clarita, 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.