Rent to own Homes in Lennox, CA
Lennox is a small, census-designated city just southwest of Los Angeles near Los Angeles International Airport and the city of Hawthorne. Lennox has a population of just over 20,000, and sits about 7 miles from Dockweiler State Beach, which offers a chance to dip into the Pacific Ocean, have a picnic or enjoy nature. Lennox is also situated less than 10 miles from Manhattan Beach, Hermosa Beach and Redondo Beach.
Lennox, CA is a great place for affordable rent-to-own homes! With a median household income of over $46,163 and a median rent of $1,174, the Lennox, 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 Lennox, 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 Lennox, CA Property Resources
Rent to own Homes in Cities Near Lennox, CA
- Altadena
- Burbank
- Calabasas
- Culver City
- East Los Angeles
- East Pasadena
- East San Gabriel
- Encino
- Hacienda Heights
- Harbor City
- Hawthorne
- Huntington Beach
- Industry
- La Canada Flintridge
- La Cañada Flintridge
- La Crescenta-Montrose
- Ladera Heights
- La Habra Heights
- Lennox
- Lynwood
- Marina del Rey
- Maywood
- Montebello
- Monterey Park
- North El Monte
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Panorama City
- Paramount
- Pico Rivera
- Rolling Hills
- Rose Hills
- Rossmoor
- San Marino
- San Pasqual
- Santa Monica
- Sierra Madre
- South El Monte
- South Pasadena
- South Whittier
- Tarzana
- Temple City
- Van Nuys
- West Carson
- Westminster
- Whittier
- Wilmington
- Woodland Hills
Neighborhoods in Lennox, CA
No neighborhoods foundPopular Zip Codes in Lennox, CA
90304 rent to own homesBuying a Home in Lennox, CA
Lennox, CA is seeing rapid growth and Lennox, CA's' housing market remains not optimal with an average home price that is 130% above the 2024 national average. Lennox, 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 Lennox, CA
Median Rent in Lennox, CA
Top 4 Reasons to Live in Lennox, CA
Diverse cuisine! The food in Lennox is reflective of the diverse population in Los Angeles County. From Los Chorros, which serves up Salvadorian food, to Bourbon Street Fish & Grill, dishing out Cajun favorites, residents have a myriad of cuisine at the ready to please their taste buds. In a city so rich with Mexican culture, it's no surprise that a variety of family-owned Mexican restaurants have set up shop here to serve a menu of authentic food.
Home values are on the rise! In the final quarter of 2014, the average sale price for a home in Lennox increased by nearly 30%. Lennox has a relatively low owner occupancy rate, since most properties here are rental units. Still, the fortunate rent to own residents and homeowners are enjoying a positive trend for their property values, which includes homes near Interstate 405 and Lennox Boulevard.
Hit the books! Lennox is a prime place to live if you are interested in seeking out higher education. University of West Los Angeles, National University - Los Angeles and Springfield College are just a few of the educational institutions near Lennox. Whether you are seeking an associate's, bachelor's or graduate degree, opportunities abound near this Los Angeles suburb. The schools are easily reached by car or via the area's public transportation system.
Generous floor plans! Many of the homes for sale in this community boast as many as 5 bedrooms. Properties near the Los Angeles International Airport and W 104th Street are among the houses offering the most bedrooms. Multiple bedrooms are also a regular find in homes on the real estate market; buying a home that is comfortable and spacious is easy in Lennox. Some homes in the neighborhood have as much as 3,500 square feet. Most homes are single story, but some of the larger properties split the floor space between two stories.