Rent to own Homes in Walnut Park, CA
Walnut Park is a census-designated place that's located in Los Angeles County. It's a petite community with a population of nearly 16,000, and its neighboring cities include Huntington Park, South Gate, and Florence-Graham. One of the best things about Walnut Park is its proximity to lots of major freeways, including I-5 and I-10, making it easy to get around L.A. and commute to the city.
Walnut Park, CA is a great place for affordable rent-to-own homes! With a median household income of over $61,408 and a median rent of $1,196, the Walnut Park, 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 Walnut Park, 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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Rent to own Homes in Cities Near Walnut Park, CA
- Beverly Hills
- Duarte
- East Pasadena
- Encino
- Glendora
- Granada Hills
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irwindale
- La Canada Flintridge
- La Crescenta-Montrose
- Ladera Heights
- La Habra Heights
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Marina del Rey
- Maywood
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Panorama City
- Paramount
- Pico Rivera
- Rolling Hills
- Rose Hills
- Rossmoor
- San Pasqual
- Sierra Madre
- South Monrovia Island
- South Whittier
- Tarzana
- Van Nuys
- Vincent
- Walnut
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in Walnut Park, CA
Walnut Park rent to own homesPopular Zip Codes in Walnut Park, CA
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Walnut Park, CA is seeing rapid growth and Walnut Park, CA's' housing market remains not optimal with an average home price that is 99% above the 2024 national average. Walnut Park, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Walnut Park, CA
Median Rent in Walnut Park, CA
4 Reasons to Live in Walnut Park, CA
Great home prices! When you live in Walnut Park, you can expect to pay a little less than most people in California. That's because the median home price is about $291,000 and rent is around $950. Compare this to California's average home price of $384,000 and average rent of $1,200. If you want to live near a park, check out East Florence Avenue and California Avenue. You'll also find houses for sale an available to rent or rent to own near East Gage Avenue and Miles Avenue.
Places to dine! When you move here, you will be within walking distance of several eateries. If you want Mexican food, check out Gloria's Restaurant or King Taco -- try the sopes! For pizza or burgers, there's Shakey's Pizza Parlor and Bobo's Hamburgers. You can also head to other local restaurants when you're hungry, including La Flor de Izote, La Praviana, and Mi San Salvador Restaurant.
Lots of renters! If you plan to rent a home in Walnut Park, you won't be alone. This area has more renters than average, with about 45% of the homes here being renter occupied. Whether you just want to get a feel for the area before buying or simply prefer renting a home, you will find many like-minded neighbors in Walnut Park. Look for homes around Long Beach Boulevard and Santa Ana Street, or State Street and East Florence Avenue.
Excellent location! Walnut Park is a Los Angeles neighborhood, which means you're close to many things to do. When you live here, you are only 20 minutes south of downtown L.A., 30 minutes southeast of Hollywood, and 35 minutes east of some beautiful beaches. This means you're close to Manhattan Beach, Redondo Beach, and the Santa Monica Pier, to name a few popular attractions about a half hour away. Plus, you're only an hour south of Six Flags Magic Mountain, half an hour north of Disneyland, and two hours north of San Diego.