Rent to own Homes in Wasco, CA
Located in the heart of San Joaquin Valley, Wasco is a city that spans about 9.4 square miles. No one is sure how the Wasco name came about, but one theory is that a local resident decided to rename the city for the Western American Sugar Company. Wasco has a population of about 25,545 (according to the 2010 Census) and provides a home to the Tejon Indian Tribe of California.
Wasco, CA is a great place for affordable rent-to-own homes! With a median household income of over $39,291 and a median rent of $785, the Wasco, 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 Wasco, 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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Wasco, CA is seeing rapid growth and Wasco, CA's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Wasco, CA is part of Kern 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 Kern is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Wasco, CA
Median Rent in Wasco, CA
Top 4 Reasons to Live in Wasco, California
Homes priced to sell! When it comes to homes for sale, median prices are about $171,500 (as of November 2014). Median list price per square foot is about $121,000. However, there are bargains determined house hunters can find, and prices vary by community. For example, the median sale price in City Center is about $168,135, while those in Palmo come in at about $163,364 (as on November 2014).
Reasonable prices for rental homes! Though rental rates do vary by neighborhood, median rents for the city hover around $650. This is over 60 percent less than most people pay across the rest of California. As far as a national-to-local comparison is concerned, Wasco rents are nearly 25 percent lower than the national average. For those looking for rent to own homes in Wasco, Palmo, City Center and Paso Robles Hwy / Famoso Hwy may present good options. Palmo features a mixture of single-family properties and apartments as well as a nearly 5-percent vacancy rate. City Center also has houses and small apartment buildings to rent, with a vacancy rate closer to 6 percent. Paso Robles Hwy / Famoso Hwy has a 12-percent vacancy rate, with mostly houses for rent.
Plenty of shopping options in every neighborhood! Those who like to shop 'til they drop will appreciate the many shopping venues Wasco has to offer. There's Save Mart Supermarkets for a range of grocery needs, Wasco Mini Mart for quick grocery runs and Tellez Produce for fresh fruits and vegetables.
Entertainment galore! There's a wealth of entertainment options just a short drive from any Wasco community. For arts and culture, there are Wasco Historical Society Museum and Minter Field Air Museum. For outdoor fun, residents can enjoy the many parks, including Westside Park and Southgate Park. When it's time to take in a movie, there are several nearby, including UA East Hills Mall 10. As far as restaurants are concerned, there are many, with Teresa's Taco Villa and Perko's Cafe Grille among the local favorites.