Rent to own Homes in Lafayette, CA
Bucolic Lafayette, California, nestles in rolling hills within the East Bay region of the San Francisco Bay Area. Lafayette was part of a Mexican land grant called Rancho Acalanes, from which the area's distinguished Acalanes School District takes its name. Established in 1857, incorporated in 1968, and featuring its own BART station, the city offers easy access to San Francisco, Berkeley and Oakland. Its approximately 24,000 residents also enjoy proximity to recreational trails and to the vibrant downtown's distinctive restaurants, boutiques, and grocery stores such as locally owned Diablo Foods.
Lafayette, CA is a great place for affordable rent-to-own homes! With a median household income of over $188,140 and a median rent of $2,273, the Lafayette, 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 Lafayette, 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 Lafayette, CA Property Resources
Rent to own Homes in Cities Near Lafayette, CA
- Acalanes Ridge
- Alameda
- Alamo
- Albany
- Alhambra Valley
- Alto
- American Canyon
- Antioch
- Ashland
- Bay Point
- Belvedere
- Belvedere Tiburon
- Benicia
- Berkeley
- Black Point-Green Point
- Brisbane
- Broadmoor
- Burlingame
- Castle Hill
- Clayton
- Clyde
- Colma
- Contra Costa Centre
- Crockett
- Daly City
- Diablo
- East Richmond Heights
- Emeryville
- Hayward
- Hercules
- Kensington
- Kentfield
- Lafayette
- Marin City
- Millbrae
- Napa
- North Richmond
- Novato
- Rollingwood
- San Bruno
- San Francisco
- San Pablo
- San Rafael
- Santa Venetia
- South San Francisco
- Strawberry
- Tara Hills
- Tiburon
- Vallejo
- Vine Hill
Neighborhoods in Lafayette, CA
Lafatette Woodlands rent to own homes Lafayette Meadow rent to own homes Glenside Estates rent to own homes Lafatette Estate rent to own homes Hidden Oaks rent to own homes Sunvalley Estates rent to own homes Olympic Oaks rent to own homes St. Mary's Orchard rent to own homes Burton Valley Area rent to own homes Las Trampas Area rent to own homesPopular Zip Codes in Lafayette, CA
94549 rent to own homesBuying a Home in Lafayette, CA
Lafayette, CA is seeing rapid growth and Lafayette, CA's' housing market remains not optimal with an average home price that is 616% above the 2024 national average. Lafayette, CA is part of Contra Costa 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 Contra Costa is 0.71% which is below the national average, which is 0.99%.
Median Home Price in Lafayette, CA
Median Rent in Lafayette, CA
Top 4 Reasons to Live in Lafayette, CA
Good to be in the loop! The Lafayette Reservoir's paved Lakeside Trail provides a 2.7-mile loop for jogging, pushing strollers, or walking. Located off Mt. Diablo Boulevard on the west end of town, the 925-acre Lafayette Reservoir is a recreational gem, offering fishing, picnicking, and boating, including rowboats and pedal boats for rent at the activity center. The Reservoir also has summer programs, including movie nights and concerts. The annual Reservoir Run, which takes place the Sunday before Halloween, features costumed runners, downtown trick-or-treating, music and activities for all ages.
An in-demand area! Housing prices in Lafayette command particularly high values, due to the area schools' stellar reputation and a booming job market in the Bay Area. The median sales price for a property here is $1,095,500. Compared to the same period one year ago, the median home sales price increased 3.6%. Values in the Trail Neighborhood, which is close to downtown and parallels the Lafayette-Moraga Trail, have increased substantially over the past few years.
Focus on arts and culture! Opened in 2009, the Lafayette Library and Learning Center has become a hub of the community, with reading programs for children, Commonwealth Club of California speakers, art gallery, concerts, movies, and more. Every day, about 1,500 people pass through the front door of the Library, smack in the center of town on the corner of Mt. Diablo Boulevard and First Street. Another downtown cultural draw occurs annually on the third weekend in September. The Lafayette Art, Wine and Music Festival brings more than 80,000 people to stroll downtown's closed-off streets among more than 300 booths featuring local artists, handmade crafts, food, beer and wine vendors, local merchants' wares, and continuous music from two main stages.
High ownership and occupancy rates! With a 3.76% vacancy rate and a 72.53% rate of ownership, the city's home values are on the rise. With rent to own options available, popular neighborhoods in Lafayette include Stanley, Northridge, and Burton Valley, from which residents can walk or bike to nearby Burton Valley Elementary School, the Lafayette Community Center, or the Lafayette-Moraga trail.