Rent to own Homes in South San Francisco, CA
Soaring values. Home values jumped by over 20% in 2013. They're predicted to keep rising by over 5% in the coming year, so start looking for property in neighborhoods like Brentwood and Avalon Park.
South San Francisco, CA is a great place for affordable rent-to-own homes! With a median household income of over $106,005 and a median rent of $2,279, the South San Francisco, 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 South San Francisco, 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 South San Francisco, CA Property Resources
Rent to own Homes in Cities Near South San Francisco, CA
- Alameda
- Albany
- Alto
- Ashland
- Atherton
- Belmont
- Belvedere Tiburon
- Berkeley
- Brisbane
- Broadmoor
- Burlingame
- Castro Valley
- Cherryland
- Colma
- Daly City
- East Palo Alto
- Emeryville
- Fairfax
- Half Moon Bay
- Hayward
- Highlands-Baywood Park
- Hillsborough
- Ladera
- Lafayette
- La Honda
- Larkspur
- Los Altos Hills
- Marin City
- Menlo Park
- Mill Valley
- Moss Beach
- Newark
- Pacifica
- Palo Alto
- Portola Valley
- Rollingwood
- San Bruno
- San Carlos
- San Gregorio
- San Leandro
- San Rafael
- Santa Venetia
- Sleepy Hollow
- Stanford
- Stinson Beach
- Strawberry
- Tara Hills
- Tiburon
- West Menlo Park
- Woodside
Neighborhoods in South San Francisco, CA
Sunshine Gardens rent to own homes El Camino rent to own homes Downtown South San Francisco rent to own homes Paradise Valley rent to own homes Orange Park rent to own homes Oyster Point rent to own homes The East Side rent to own homes Oyster Point rent to own homes Serra Highlands rent to own homes Westborough rent to own homesBuying a Home in South San Francisco, CA
South San Francisco, CA is seeing rapid growth and South San Francisco, CA's' housing market remains not optimal with an average home price that is 319% above the 2024 national average. South San Francisco, CA is part of San Mateo 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 San Mateo is 0.56% which is below the national average, which is 0.99%.
Median Home Price in South San Francisco, CA
Median Rent in South San Francisco, CA
The Top 14 Reasons to Live in South San Francisco
Quick travel. Dump the car when traveling to the major cities in the Bay Area because BART (Bay Area Rapid Transit) can get you there faster. Traveling from South San Francisco to downtown San Francisco takes just over 20 minutes, and it's less than half an hour to Oakland.
They've got their own sign. If you have any doubt where you are, just look at Sign Hill, which proudly proclaims the location as "The Industrial City" in letters up 65 feet high. Sign Hill Park lets you view this landmark close up. Here, you can also hike on a trail running three-quarters of a mile, with expansive views of the city.
More valuable real estate. The value of properties are at a median $648,900, which makes them more precious than those in metropolitan San Francisco, where the median is at $642,400. You can find homes in Peninsula Pines and Parkway, to name a few areas here.
Burgeoning biotech base. With the founding of Genentech in 1976, South San Francisco is becoming a base for biotechnology, bringing jobs into the region. Other companies in the field, such as Amgen and Exelixis, also have labs in the city.
Buying fresh and healthy. Help local farmers and eat healthy by putting California-grown produce on your dinner table. Visit the Farmers' Market, which is open on Saturdays from May to October. Can't wait that long for your farm foodie fix? Ayar Produce Market is open seven days a week.
Seller's market. If you own a home in the city, you can look forward to multiple bids in this seller's market. The median list may be $589,000, but real estate typically goes for more of a median sale price of $606,300. Accepting rent-to-own offers may increase your sale price even more, whether you live in Serra Highlands, West Park or another neighborhood here.
Lots of outdoor fun. Stretch your legs in the green spaces of the city's many parks. Orange Memorial Park is the largest, featuring a soccer field, two baseball fields, basketball courts, outdoor grills and picnic tables. Bring your furry friend to Centennial Dog Park so he can visit with his buddies in 1.8 acres of walking paths and play equipment.
Live and play on the water. Oyster Point is one of the few marinas in the Bay Area that allows live-aboards, albeit for a maximum of 90 days. You can berth up to a 60-foot vessel. If you don't own a boat, you can still swim here or catch a few rays at a beach with 2.5 acres of sand.
Home-base emphasis. South San Francisco offers a greater chance of finding a private residence with no neighbors touching your walls because over 80% of the properties consist of single-family homes. Only 13% consist of condos and 6% are other options, like apartments. Look for rent-to-own houses, apartments and more in Parkhaven and Cypress.
Shopping. If you like to shop in the climate-controlled interior of a traditional mall, then the Shops at Tanforan can tempt you with both well-known chains and independent retailers. Harley Davidson fans can find bikes and accessories at the Dudley Perkins Company, which can also rent you a motorcycle if you want to try one out.
Tracing the past. Learn about this city's past at the Historical Society Museum, where you'll find vintage clothing and artifacts from the 1850's. An example of long-ago living appears at the Plymire-Schwarz Center, a 1905 home in Colonial Revival style.
Rent to own possibilities. Although most of the city consists of single-family homes, over 37% of the residents are renters. This increases the chances that sellers will offer rent-to-own homes when you make a reasonable offer. Get the home you want in Southwood and Paradise Valley.
Celebrate the holidays. Electrify your holiday season by admiring the Christmas lights put up annually at Parkway Estates. Lilac Lane also hosts lighted extravaganzas and is a little less crowded.