Rent to own Homes in El Centro, CA
Low property taxes. The median value of real estate runs $141,800. This produces taxes of $1,531 per year, almost half the national average of $3,025. You can start looking for homes near Route 86 and Wake Avenue.
El Centro, CA is a great place for affordable rent-to-own homes! With a median household income of over $47,366 and a median rent of $821, the El Centro, 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 El Centro, 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.
More El Centro, CA Property Resources
Rent to own Homes in Cities Near El Centro, CA
Neighborhoods in El Centro, CA
Merit Park rent to own homes Desert Gardens rent to own homes Downtown El Centro rent to own homes El Dorado Acres rent to own homes East Side El Centro rent to own homesPopular Zip Codes in El Centro, CA
No zip codes foundBuying a Home in El Centro, CA
El Centro, CA is seeing rapid growth and El Centro, CA's' housing market remains optimal with an average home price that is -3% below the 2024 national average. El Centro, CA is part of Imperial 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 Imperial is 0.7% which is below the national average, which is 0.99%.
Median Home Price in El Centro, CA
Median Rent in El Centro, CA
8 Reasons to Live in El Centro, CA
Unique food. Food in the city combines American, Southwest, and South-of-the-Border influences. At Burgers and Beers, they serve clamato, a drink that mixes reconstituted tomato juice concentrate, clam broth and spices. For a beer and clam-juice concoction known as the chavela (chabela), head for Paradise Sports Bar and Cafe. Other unique dishes abound at Antojito Como En Casa (try the enchiladas) and Camacho's Place (look for the "special quesadilla").
Bargains abound. The median list price for a home is $166,000, but the median sale price is 11% lower at $148,000. You can find a deal near Adams Avenue and North 6th Street.
Shallow and salty sea. El Centro is just a few miles south of a natural wonder known as the Salton Sea. This shallow and salty body of water is about 525 square miles in size and is located on the San Andreas Fault about 220 or so feet below sea level. The Salton Sea State Recreation Area allows camping, boating, hiking, kayaking, and fishing. The few species that can tolerate the salinity include tilapia, corvina, and gulf croaker.
Healthy increases. The values of for-sale properties, rent to own homes, and real estate not on the market have increased by 17% over the past year. Values are projected to go up by almost 12% in the coming year, so start searching areas near Wensley Avenue and South 24th Street for deals.
Enjoying aircraft. Because the Blue Angeles winter at the Navy Air Facility El Centro, they hold their first air show here every year. Aside from their aerial acrobatics, this annual event includes entertainment, flight demonstrations, and educational displays of current and historic aircraft. Parking and admission are always free.
Great rent to own possibilities. Almost 80% of the real estate in El Centro consists of single-family homes with 1.5% for condos, and 19% for other types, such as apartments. Almost 50% of the residents are renters. This increases the possibility that you'll find some great rent to own houses, especially when you look near Waterman Avenue and Sandalwood Drive.
Canal fishing. Despite El Centro being totally inland with no nearby rivers, anglers can still catch catfish and small-striped bass in the irrigation canals and ditches used to water the surrounding farms. The Imperial Valley Desert Fishing Club can give you more information and tell you the best fishing spots in the area. You can also find fish in the Fig Lagoon and the Sperber Reservoir.