Rent to own Homes in Temecula, CA
Temecula, California, is a city of about 103,000 people in an area that is about an hour from Los Angeles, San Diego, and Orange County. Its central location is attractive to many commuters in Southern California, but in recent years it has also become known as a growing city with great schools, nice neighborhoods, and plenty of shopping. In addition, Temecula's wine country is a popular attraction all on its own, with 35 wineries that offer wine tasting, tours, and perfect views of gorgeous rolling hills. Other attractions in Temecula include several golf courses, malls, and Pechanga Resort and Casino.
Temecula, CA is a great place for affordable rent-to-own homes! With a median household income of over $98,631 and a median rent of $1,935, the Temecula, 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 Temecula, 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 Temecula, CA Property Resources
Rent to own Homes in Cities Near Temecula, CA
- Beaumont
- Bonsall
- Camp Pendleton Mainside
- Camp Pendleton North
- Canyon Lake
- Corona
- Coto de Caza
- East Hemet
- Fallbrook
- French Valley
- Good Hope
- Green Acres
- Hemet
- Home Gardens
- Homeland
- Ladera Ranch
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Lake Mathews
- Lakeview
- March Air Reserve Base
- March ARB
- Meadowbrook
- Mead Valley
- Menifee
- Mission Viejo
- Modjeska
- Moreno Valley
- Murrieta
- Nuevo
- Oceanside
- Pala
- Pauma Valley
- Perris
- Rainbow
- Rancho Mission Viejo
- Rancho Santa Margarita
- Riverside
- Romoland
- Sage
- San Clemente
- San Jacinto
- Temecula
- Temescal Valley
- Trabuco Canyon
- Warm Springs
- Wildomar
- Winchester
- Woodcrest
Neighborhoods in Temecula, CA
Wolf Creek rent to own homes Los Ranchitos rent to own homes Harveston rent to own homes Old Town Temecula rent to own homes Paloma del Sol - Paseo del Sol rent to own homes Redhawk rent to own homes Vail Ranch rent to own homes Crowne Hill rent to own homes Roripaugh Ranch rent to own homes Margarita Village - Temeku Hills rent to own homesPopular Zip Codes in Temecula, CA
92593 rent to own homes 92589 rent to own homes 92591 rent to own homesBuying a Home in Temecula, CA
Temecula, CA is seeing rapid growth and Temecula, CA's' housing market remains not optimal with an average home price that is 114% above the 2024 national average. Temecula, 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 Temecula, CA
Median Rent in Temecula, CA
Top Reasons to Live in Temecula CA
Housing Statistics The median cost of homes in Temecula is about $348,000. Of course, condominiums tend to sell for less, with an average sales price of about $259,000 compared to $353,000 for single-family homes. The latter property type is most popular in Temecula. In fact, in July 2013, only 10 condos sold, while 204 houses sold in the same month. About 65% of the homes here are occupied by owners, while about 29% are occupied by renters. The vacancy rate in Temecula is only about 6.5%, so whether you're looking for properties to buy, rent, or rent to own, it might take some time to find what you need.
Local Shopping One of the main shopping areas in Temecula is the Promenade Mall. It is fairly new, having opened in 1999. It features four department stores and hundreds of smaller places to shop and eat. There are also several smaller shopping centers located around Temecula, such as Redhawk Town Center and Palm Plaza. In addition, Old Town Temecula has lots of shopping options, with plenty of antique stores, boutiques, and tiny shops that sell gourmet food and local wines. You can buy everything from home furnishings and clothing for the whole family to collectibles and artwork when you visit the historic buildings that make up Old Town.
Largest Employers and Industries Some of the top industries in Temecula include tourism, healthcare, and education. More specifically, the top employers are Pechanga Resort and Casino, Abbott Laboratories, and Temecula Valley Unified School District. These companies employ about 3,500, 3,100, and 2,700 people, respectively. The many grocery and department stores in Temecula also employ a few hundred residents each. If you are considering moving here, note that the unemployment rate has been gradually decreasing in recent years. An unemployment rate that was once upwards of 10% is closer to 7% as of August 2013.
Neighborhood Guide As you look for homes for sale or rent in Temecula, you'll notice that the neighborhoods here are mostly master planned communities built within the last decade or two with their own parks, schools, and homes. Here is an overview of some of the most well-known neighborhoods in Temecula.