Rent to own Homes in Inglewood, CA

The average sale price of a home is $380,167, while the median price is $330,500. The most expensive homes are located in the 90301 zip code. 1-bedroom apartments sell for an average of $115,000, while 2-bedroom houses sell for around $250,000. Three- and 4-bedroom houses average between $330,000 and $380,000. An estimated 600 or so homes are available for sale or rent in this city, which makes finding accommodation a bit more difficult. Renters occupy nearly 60 percent of homes in Inglewood, leaving 35 percent of homes owner-occupied and the rest vacant. Inglewood's home vacancy rate is at about 5.3 percent, which is an exceptionally low rate compared to the national average (11.38%).

Inglewood, CA is a great place for affordable rent-to-own homes! With a median household income of over $58,536 and a median rent of $1,414, the Inglewood, 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 Inglewood, 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.