Rent to own Homes in Laguna Woods, CA
Laguna Woods is a city of people who get things done. After all, the main drive for the incorporation of the city was to give its residents a louder voice when it came to their say about plans to build a nearby international airport. Laguna Woods succeeded in incorporation and they stopped the airport from being built. A city of about 16,000 residents at last census, Laguna Woods spans about three square miles of land.
Laguna Woods, CA is a great place for affordable rent-to-own homes! With a median household income of over $46,449 and a median rent of $1,809, the Laguna Woods, 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 Laguna Woods, 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 Laguna Woods, CA Property Resources
Rent to own Homes in Cities Near Laguna Woods, CA
- Aliso Viejo
- Anaheim
- Capistrano Beach
- Chino Hills
- Corona
- Corona Del Mar
- Coronita
- Costa Mesa
- Coto de Caza
- Dana Point
- Foothill Ranch
- Fountain Valley
- Garden Grove
- Huntington Beach
- Irvine
- Ladera Ranch
- Laguna Beach
- Laguna Hills
- Laguna Niguel
- Laguna Woods
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Midway City
- Mission Viejo
- Modjeska
- Newport Beach
- Newport Coast
- North Tustin
- Orange
- Placentia
- Rancho Mission Viejo
- Rancho Santa Margarita
- San Clemente
- San Juan Capistrano
- Santa Ana
- Silverado
- Stanton
- Temescal Valley
- Trabuco Canyon
- Tustin
- Villa Park
- Westminster
- Williams Canyon
- Yorba Linda
Neighborhoods in Laguna Woods, CA
No neighborhoods foundBuying a Home in Laguna Woods, CA
Laguna Woods, CA is seeing rapid growth and Laguna Woods, CA's' housing market remains not optimal with an average home price that is 42% above the 2024 national average. Laguna Woods, CA is part of Orange 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 Orange is 0.56% which is below the national average, which is 0.99%.
Median Home Price in Laguna Woods, CA
Median Rent in Laguna Woods, CA
Top 4 Reasons to Live in Laguna Woods
Surprisingly low property taxes! People who live in Laguna Woods absolutely love it. How else could you explain a home ownership rate of over 66 percent when the average in America is only about 57 percent? Even with Laguna Wood's popularity, property taxes manage to stay low. In fact, the taxes in this community are 37 percent lower than the national average. Now, what to do with all that saved money? Lots of residents like to head over to the Laguna Woods Equestrian Center. Others prefer to have a nice dinner out on the town before heading over to the Clubhouse Three to catch a musical.
A mall with world class amenities! The Laguna Hills Mall provides more than a day's worth of entertainment for local residents. See a blockbuster in the mall's own movie theater or delight in a meal at the Kula Revolving Sushi Bar or Rubios Fresh Mexican Grill. The mall also boasts three big name department stores: JCPenney, Nordstrom Rack, and Macy's.
Plenty of natural wonders to behold! Residents here enjoy spending a day of outdoor recreation at Barbara's Lake. There are several miles of trails to enjoy and beautiful waterfront views. Others prefer to take in the sights at the local golf course or Iglesia Park. Those willing to make the 40 mile drive south to Tsunami Skydivers can even see the sights from above after they jump out of a plane!
Steadily rising property valuations! The citizens of Laguna Woods have seen an increase of nearly 20 percent in home valuations over the last decade. By comparison, America's average was only slightly above 12 percent. This means that those who are looking into rent to own houses or to buy outright will have a home that's already valued at more than 36 percent higher than the American average. Whether residents live by the Laguna Woods Golf Club or the Laguna Coast Wilderness Park, these values are still rising!