Rent to own Homes in Lakewood, CA
Due to the factors mentioned above, Lakewood has caught the eye of many people. As a result, real estate prices have been on the rise as the median home sale price hit the $370,000 mark this year. Even though the number of home sale transactions decreased marginally, it hasn't impacted overall prices. Significantly, a major portion of the houses (close to 75%) are owned while close to 20% are rented. Though rent to own isn't very common, people are beginning to explore this option gradually.
Lakewood, CA is a great place for affordable rent-to-own homes! With a median household income of over $96,487 and a median rent of $1,905, the Lakewood, 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 Lakewood, 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 Lakewood, CA Property Resources
Rent to own Homes in Cities Near Lakewood, CA
- Corona Del Mar
- Costa Mesa
- East Los Angeles
- El Monte
- Fountain Valley
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irvine
- Laguna Woods
- La Habra Heights
- Lake Forest
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Maywood
- Montebello
- Monterey Park
- Norwalk
- Orange
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Redondo Beach
- Rolling Hills
- Rose Hills
- Rossmoor
- San Gabriel
- Santa Ana
- Signal Hill
- Silverado
- South El Monte
- South Whittier
- Vernon
- Walnut
- Walnut Park
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in Lakewood, CA
Lakewood Country Club rent to own homes Lakewood Park rent to own homesPopular Zip Codes in Lakewood, CA
90714 rent to own homes 90711 rent to own homes 90712 rent to own homes 90713 rent to own homes 90715 rent to own homesBuying a Home in Lakewood, CA
Lakewood, CA is seeing rapid growth and Lakewood, CA's' housing market remains not optimal with an average home price that is 174% above the 2024 national average. Lakewood, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Lakewood, CA
Median Rent in Lakewood, CA
Tourist Attractions For starters, Lakewood is ideally situated in the greater Los Angeles/Orange Country metro area. Just minutes away from Disneyland to the east, beautiful Manhattan and Hermosa Beach to the west, Huntington Beach to the south, and Los Angeles proper to the north, it would hard to ever say there is nothing to do in Lakewood. Nearby Long Beach has the Aquarium of the Pacific and the famous cruise ship RMS Queen Mary. From Long Beach you can take the Catalina Express out to Catalina Island for an incredible day trip.
Art and Culture The best time to explore the arts and culture scene in Lakewood is during the Pan Am Fiesta, held in Mayfair Park in May. This event was developed to bridge the gap between the diverse culture of North and South America and one can find a variety of art exhibits, poetry contests, and dance performances. Nearby San Pedro has an annual and growing international film festival. The Lollipop Lane Holiday Craft Boutique happens each October with displays, crafts, and exhibit booths. It's a short drive to the sports, theatre, and art venues of the Lakewood metro area.
School System A large portion of the population of Lakewood is made up of families with kids. The city has an extensive school system and can be divided into four school districts - Long Beach United, Paramount Unified, Bellflower Unified and ABC Unified. Each of these districts has several elementary, middle and high schools. Apart from academics, these schools have the required infrastructure for extra curricular activities like athletics. Additionally, some pre-schools are also present for your little ones.
Weather It's not all sunshine and easy breezes in the L.A. basin, but it's close. The rainy season lasts from late October through April, but even then, most days are clear. Lakewood is far enough from the ocean that it can get hot in the summer, especially late September and October when the Santa Ana winds are more frequent.