Rent to own Homes in Arcata, CA
Formerly called Union, Arcata is a city located in Humboldt County, California. Bordering Arcata Bay, the city spans nearly 11 miles, including almost two miles of water. Temperatures are moderate, with average highs hovering around the 50s all winter long and reaching the 60s during summer. Arcata provides a home to about 17,231 people (according to the 2010 Census). Among the many notable residents who've lived there are news anchor Pamela Wu, author Bret Harte, and ice skater Naomi Lang.
Arcata, CA is a great place for affordable rent-to-own homes! With a median household income of over $38,603 and a median rent of $1,027, the Arcata, 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 Arcata, 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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Arcata, CA is seeing rapid growth and Arcata, CA's' housing market remains not optimal with an average home price that is 64% above the 2024 national average. Arcata, CA is part of Humboldt 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 Humboldt is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Arcata, CA
Median Rent in Arcata, CA
4 Top Reasons to Live in Arcata, California
Homes for sale on the bay! The median price for real estate in Arcata is $284,615 (as of November 2014). List prices hover around $317,000, while the median home value is about $276,000. Those wanting to relocate to the area can expect to pay about $218 per square foot. City Center and Alliance are two in-demand parts of Arcata, California.
Attractive apartments and homes for rent! Nearly 65 percent of real estate in Arcata is occupied by renters. Rents here average about $912, which is about two percent more than average rents across the United States, but still nearly 25 percent less than California averages. Among the different neighborhoods in Arcata, Maple Creek / Korblex has a good mixture of houses and apartments to rent and a vacancy rate of about seven percent. The City Center neighborhood is another place to look for apartments, rentals, and rent to own options. Rents there average around $987, with a vacancy rate just under seven percent.
Educational options for students of all ages! Residents of Arcata have access to higher education through Humboldt State University, which operates under the umbrella of California State University. The community is also served by four different school districts and boasts 14 public schools run by the Arcata School District, the Pacific Union Elementary School District, Humboldt County Office of Education, and Northern Humboldt Union High School District.
A wide variety of choices for dining out! Every neighborhood in Arcata is within close proximity to restaurants, cafes, and coffee shops. Among the favorites in the area are Stars Burgers, which serves up juicy hamburgers, and Toni's 24-Hour Restaurant, where locals enjoy around-the-clock diner food. You can also take a trip to Luke's Joint for breakfast and lunch, and try Live From New York Pizza for pizza and pasta.