For years, Hemet, California, was seen by many as a more quiet and affordable retirement location than the Palm Springs area. Lately, it has experienced growth, thanks to being on the edge of the Greater Los Angeles area. Nearby Diamond Valley Lake and the San Jacinto Mountains are favorites for outdoor recreation. On an artsy note, Hemet is home to the nation's longest-running outdoor play, which is part of the Ramona Pageant.
Hemet, CA is a great place for affordable rent-to-own homes! With a median household income of over $43,152 and a median rent of $1,157, the Hemet, 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 Hemet, 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.
Hemet, CA is seeing rapid growth and Hemet, CA's' housing market remains optimal with an average home price that is -2% below the 2022 national average. Hemet, CA is part of Riverside 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 2022 for county Riverside is 0.8% which is below the national average, which is 0.99%.
Hemet, CA has a walk score of
Hemet, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.