Rent to own Homes in Los Osos, CA
Los Osos, located on Pacific Ocean ten miles east of San Luis Obispo, is a coastal community of 16,000. Los Osos, named for the black bears that used to roam the area, has beautiful scenery, uncrowded beaches and an annual migration of monarch butterflies that are drawn to the region's eucalyptus trees on their journey from Alaska to the Baja Peninsula of Mexico.
Los Osos, CA is a great place for affordable rent-to-own homes! With a median household income of over $81,707 and a median rent of $1,596, the Los Osos, 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 Los Osos, 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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Los Osos, CA is seeing rapid growth and Los Osos, CA's' housing market remains not optimal with an average home price that is 172% above the 2024 national average. Los Osos, CA is part of San Luis Obispo 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 San Luis Obispo is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Los Osos, CA
Median Rent in Los Osos, CA
Top 7 Reasons to Live in Los Osos, California
The Beaches! Los Osos is located along picturesque Morro Bay, which leads out to the Pacific Ocean, giving residents the choice of protected beaches along the bay and the dramatic surf along the ocean. Some of the more popular beaches include the beach at Montano de Oro State Park and Morro Rock Beach.
Diverse Housing! You'll find everything from California-style ranch homes to cottages to low-rise and high-rise condos and apartments in Los Osos. A few of the best places to find rent to own homes include the Baywood Park and the 10th Street areas.
The Parks! In addition to the many beaches, Los Osos has a number of parks and green spaces, including Los Osos Oak State Preserve and Los Osos/Baywood Park.
Small Town Feel, Big City Amenities! The Los Osos area has the feel of a small, waterfront town. However, it's just a short drive away from San Luis Obispo and cultural events there, such as the San Luis Obispo International Film Festival, held each March, and the Plein Air (art) Festival, held each fall.
Affordable Housing! California is infamous for having some of the highest property values--and rents--in the US. Property values in Los Osos are low compared to other California coastal communities. If you want to live near the beach in California, areas of Los Osos like Baywood Park and Los Osos Valley Road offer a good value.
History! The Los Osos area was first settled by Spanish missionaries in the late 18th century and reminders of that era, such as the Mission San Luis Obispo de Tolosa, still stand today. As a reminder of a more recent era, Hearst Castle is just a few miles away.
Lots of Restaurants! Los Osos is home to a myriad of restaurants, more than you'd expect of a town its size. Among the local favorites are La Casita for Mexican food, Hong Kong Chinese Restaurant and Sylvester's for burgers and American cuisine.