Rent to own Homes in Goleta, CA
Goleta is located in the California county of Santa Barbara where nearly 30,000 people call it home. The present-day area was inhabited for millennia by the Native American Chumash people. Though European visitors came during the 16th century, Goleta was not fully incorporated as a city until 2002. Even with this being the case, Goleta is still a vibrant area. After all, Katy Perry once called the city home, so how could it not be vibrant?
Goleta, CA is a great place for affordable rent-to-own homes! With a median household income of over $98,035 and a median rent of $1,955, the Goleta, 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 Goleta, 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 Goleta, CA Property Resources
Rent to own Homes in Cities Near Goleta, CA
Neighborhoods in Goleta, CA
Encina rent to own homes El Encanto Heights rent to own homes Los Carneros Park rent to own homes Cabrillo Business Park rent to own homes Downtown Goleta rent to own homes Southwest Goleta rent to own homes Central Goleta rent to own homes Northwest Goleta rent to own homes The Village At Los Carneros rent to own homes Goleta rent to own homesPopular Zip Codes in Goleta, CA
93118 rent to own homesBuying a Home in Goleta, CA
Goleta, CA is seeing rapid growth and Goleta, CA's' housing market remains not optimal with an average home price that is 274% above the 2024 national average. Goleta, CA is part of Santa Barbara 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 Santa Barbara is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Goleta, CA
Median Rent in Goleta, CA
Top 3 Reasons to Live in Goleta
Great home values! Anyone looking for rent to own homes would be doing themselves a favor if they considered Goleta. Finding the perfect neighborhood is an adventure, but regardless of where you choose to stay in the city, your investment is likely to go up. Just over the past year, property values have gone up over 17 percent in the area. Whether you're near the Santa Barbara Airport or further north near the Los Padres National Forest, this means asset value increases. Even though the housing market is recovering all over the country, the rate in Goleta is more than three times America's average. Knowing that, it's no longer any wonder that over half of the homes in the city are owned outright instead of rented.
Great traveling options! Goleta is part of the Santa Barbara Metropolitan Transit District, and this means that you can get anywhere in the city, or anywhere that's also in the transit district, for less than $2 per one-way trip. If you're looking to check out the cities around Goleta without having to waste your own gas, you also have the option to head over to the Goleta Amtrak Station and set off. For really adventurous individuals, though, you can hop in the vehicle and head north on the 101. This will take you all the way up the western seaboard, and while there are definitely quicker ways up north, none are quite as beautiful.
Amazing property tax rates! Rising home values would often make you think that the property taxes must be going through the roof, but this simply isn't the case in Goleta. In fact, the rates in Goleta are over 40 percent lower than the average in America. This will save you money for great outings to the South Coast Railroad Museum or a weekend trip to Santa Barbara. Additionally, these low rates in combination with a housing market that seems to be consistently on the rise provide a great reason for choosing to live in this California city.