Rent to own Homes in Clearlake, CA
Situated on the edge of Clear Lake, the largest freshwater lake in California, the town of Clearlake was incorporated in 1981. Originally settled by Native Americans of the Pomo tribe, it now has a population of just over 15,000 and a total land area of 10.6 square miles. It is a popular destination for those seeking wineries and beautiful scenic views and is the hometown of baseball player Randy Hennis and the actor Michael Berryman.
Clearlake, CA is a great place for affordable rent-to-own homes! With a median household income of over $36,339 and a median rent of $914, the Clearlake, 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 Clearlake, 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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Clearlake, CA is seeing rapid growth and Clearlake, CA's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Clearlake, CA is part of Lake 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 Lake is 0.62% which is below the national average, which is 0.99%.
Median Home Price in Clearlake, CA
Median Rent in Clearlake, CA
Top 6 Reasons to Live in Clearlake, CA
Access to parks and public spaces! With many parks and green spaces, outdoor enthusiasts will enjoy Clearlake. Austin Park includes tennis and basketball courts as well as a gazebo and stage area for local events. Redbud Park features a baseball field, boat launch area, barbecue pits, and fishing opportunities. Living in the Clearlake neighborhood also means have access to horseback riding. Hidden Valley Lake Equestrian Center offers guided horseback rides, lessons, and events. Clearlake also provides tons of water-related activities. Disney's Boat Rentals offers kayak and Jet Ski rentals for those looking to explore the lake, while Clear Lake Boating rents boats for any purpose including pleasure boats, fishing boats, and patio boats.
Fine dining and great restaurants! Clearlake is a great place for many dining options. Cactus Grill features a large selection of Mexican dishes in a relaxed setting, while Kour Thai Restaurant includes authentic Thai choices. There are dining options for any cuisine.
Increasing real estate values! With home values on the rise, Clearlake is a strong investment. There are many purchase options, including rent to own homes. Before making a decision, be sure to check out all possible options and consider which part of Clearlake will work best for you. Clearlake Highlands and Clearlake Southwest are two popular areas to settle in to.
Great entertainment options abound! There are always choices for great entertainment. Clearlake Stadium Cinema shows many top blockbusters, and nearby Lakeport Auto Movies Drive-In still allows you to park your car to watch the latest Hollywood movies.
Strong homeownership rates! The homeownership rate in Clearlake is over 54 percent, which means purchasing a house is a good decision. Local realtors at Greenhouse Realty and Shore Line Realty will help guide you through your decision making process when looking to buy a home.
A variety of shopping opportunities! Clearlake has many shopping destinations. City Plaza Mall features a collection of clothing, antiques, jewelry, movies, and books. Clayton Creek Studio carries a large selection of art and custom lamps. Visitors can even bring a photo to have a unique lampshade designed with the image of their choice.