Rent to own Homes in Long Beach, CA
Long Beach, California, is a coastal suburb of Los Angeles with about 468,000 residents. Situated south of downtown L.A. and north of Orange County, this city's port is among the busiest shipping ports in the country. For both visitors and residents, what is most exciting about Long Beach's location on the coast is the easy access to the beach, cruise ships, and attractions like the Queen Mary. In addition, this city is just minutes away from Hollywood, Disneyland, Knott's Berry Farm, and other famous attractions.
Long Beach, CA is a great place for affordable rent-to-own homes! With a median household income of over $66,410 and a median rent of $1,391, the Long Beach, 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 Long Beach, 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.
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Rent to own Homes in Cities Near Long Beach, CA
- Alhambra
- Aliso Viejo
- Alondra Park
- Anaheim
- Artesia
- Avocado Heights
- Baldwin Park
- Bell
- Bellflower
- Bell Gardens
- Brea
- Buena Park
- Carson
- Cerritos
- Chino Hills
- Commerce
- Compton
- Costa Mesa
- Cudahy
- Cypress
- Del Aire
- Diamond Bar
- Downey
- East La Mirada
- East Los Angeles
- East Rancho Dominguez
- El Monte
- Florence-Graham
- Fountain Valley
- Fullerton
- Gardena
- Garden Grove
- Hacienda Heights
- Hawaiian Gardens
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irvine
- Laguna Beach
- Laguna Hills
- Laguna Woods
- La Habra
- La Habra Heights
- Lake Forest
- La Palma
- Sunset Beach
- West Athens
Neighborhoods in Long Beach, CA
Eastside rent to own homes El Dorado rent to own homes Artcraft Manor rent to own homes Belmont Heights rent to own homes Belmont Shore rent to own homes Bixby Hill rent to own homes Cal Heights - Bixby Knolls - Los Cerritos rent to own homes Carson Park rent to own homes Downtown Long Beach rent to own homes Lakewood Village rent to own homesPopular Zip Codes in Long Beach, CA
90801 rent to own homes 90846 rent to own homes 90853 rent to own homes 90834 rent to own homesBuying a Home in Long Beach, CA
Long Beach, CA is seeing rapid growth and Long Beach, CA's' housing market remains not optimal with an average home price that is 169% above the 2023 national average. Long Beach, 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 2023 for county Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Long Beach, CA
Median Rent in Long Beach, CA
Top Reasons to Live in Long Beach CA
Housing Statistics If you want to buy a home in Long Beach, you should know that the median cost is about $348,000. However, if you want to rent or rent to own, you're in good company because about 54 percent of the homes here are renter-occupied, while owners occupy 39 percent. The vacancy rate is about 7 percent. Homes in this city are a little older than the national average, at about 50 years, but that doesn't stop this area from being a popular place to move. In fact, approximately 500 homes are sold in Long Beach each month.
Nightlife Much of the nightlife in Long Beach revolves around good music, whether it's jazz, top 40, rap, rock, or whatever else gets your foot tapping. If you want to go dancing, sing karaoke, or just chill out with a drink in your hand, this city won't let you down. In particular, Downtown Long Beach has it all, from comedy clubs and wine-tasting rooms to breweries and hookah lounges. For example, 4th Street Vine features wine flights, draft beer, and live jazz on the weekends. Another popular area is Belmont Shore, which has great restaurants and pubs that include Michael's Pizzeria, La Strada, and Legends Sports Bar. If you want a fun time for the whole family, check out the Pike at Rainbow Harbor, which features several chain restaurants, shops, and a dueling piano bar. Even the Queen Mary has a bar, called the Observation Bar and Art Deco Lounge. It's open every night so guests can admire the view and enjoy a wide range of drinks.
Largest Employers and Industries One of the largest industries in this city is education, with top employers that include the Long Beach Unified School District, Long Beach City College, and California State University at Long Beach. The medical industry is also important here, with some top employers being Long Beach Memorial Medical Center, Veterans Affairs Medical Center, and St. Mary Medical Center. Boeing and the City of Long Beach are also top employers. Despite the many major employers in Long Beach, the city's unemployment rate tends to be higher than the national average at about 12 percent.
Neighborhood Guide If you want to live in Long Beach, you should get an idea of the main neighborhoods. Not all of them are right on the beach or within walking distance of major attractions, and these details are important to know before you move. Here is an overview of some of the most well-known areas of the city.