Rent to own Homes in Corcoran, CA
Corcoran, located in the Kings County area of California, was once the Tachi Indians' domain. Legend has it that the city got its name from the railway engineer, Thomas Corcoran. Corcoran gained popularity as the strategic link between the San Francisco Railroad and the San Joaquin Valley. Agriculture is the backbone of the area's economy, although residents also work at the J.G. Bosley Company, the California State Prison and the Corcoran Unified School District.
Corcoran, CA is a great place for affordable rent-to-own homes! With a median household income of over $42,997 and a median rent of $870, the Corcoran, 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 Corcoran, 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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Corcoran, CA is seeing rapid growth and Corcoran, CA's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Corcoran, CA is part of Kings 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 Kings is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Corcoran, CA
Median Rent in Corcoran, CA
Top 7 Reasons to Live in Corcoran, CA
Low crime rates and sunny skies! The city's 24,000 residents enjoy perfect weather throughout the year with sunny and clear skies. They often make the most of the mild weather by lounging at Christmas Tree Park and at Burnham Smith Park with a cozy picnic lunch.
Low cost of living! Local amenities are close at hand in Corcoran. You can easily find rent to own homes and houses for sale in this city, where the average value of a house is around $128,000. After you settle into your new home, enjoy pampering sessions at Elite Nail Spa and practice your bargaining skills while searching for good deals at the Discount Variety Store.
Visit a library! Visit the Corcoran Branch Kings County Library and check out a book or use the free computers. After you visit, take a stroll through John Maroot Park. Relax and rejuvenate for the upcoming week's grind.
Visit a dairy farm! Corcoran city residents are blessed to have several dairies located on Dairy Avenue. Visit South Lakes Dairy Farm and Angiola Dairy to stock up on the freshest milk and milk products and watch the cows being fed and milked during a tour.
Indulge in retail therapy! Make Corcoran the destination for a fun day out with your friends. Shop for unique designs at Fabrie Jewelers, then head to the Pizza Factory and select your favorite toppings for a wholesome and tasty meal.
Stroll in an orchard! Visit the Gizdich Ranch and explore the apple and berry orchards. Pick and sample the juicy fruit right off the trees. Once you've satisfied your sweet tooth, head to the Veterans Memorial Building to get a taste of the city's rich history.
Jog around the park! Tick off one item from your to-do list and get fit with regular jogs, yoga, aerobics and meditation sessions in the many parks which dot the town, including Cesar Chavez Park and the War Memorial Park.