Rent to own Homes in Moreno Valley, CA
The population is approaching 200,000 and the housing market in Moreno Valley is stabilizing. The end of August 2013 saw the median list price at $247,240 and the median selling price at $203,800. The May through July period saw 558 home sales, a number which was actually down about 30 percent from the year before. 57.62 percent of homes are owner occupied, 35.97 percent are rented, and 6.41 percent are vacant. The apartment vacancy rate is nearly the same at 7 percent, meaning apartments are available but it might take a bit of searching to find the right choice.
Moreno Valley, CA is a great place for affordable rent-to-own homes! With a median household income of over $70,385 and a median rent of $1,587, the Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, CA Property Resources
Rent to own Homes in Cities Near Moreno Valley, CA
- Angelus Oaks
- Banning
- Beaumont
- Bloomington
- Calimesa
- Canyon Lake
- Cherry Valley
- Chino
- Colton
- Corona
- Crestline
- East Hemet
- Eastvale
- Fontana
- Forest Falls
- French Valley
- Green Acres
- Highland
- Home Gardens
- Homeland
- Jurupa Valley
- Lake Arrowhead
- Lake Elsinore
- Lakeland Village
- Lake Mathews
- Lakeview
- Loma Linda
- March Air Reserve Base
- March ARB
- Meadowbrook
- Mead Valley
- Menifee
- Murrieta
- Muscoy
- Norco
- Nuevo
- Oak Glen
- Pedley
- Rancho Cucamonga
- Redlands
- Rialto
- Riverside
- Romoland
- Rubidoux
- Running Springs
- San Bernardino
- Silverado
- Temescal Valley
- Trabuco Canyon
- Winchester
Neighborhoods in Moreno Valley, CA
Edgemont Gardens rent to own homes Edgemont rent to own homes Moreno Acres rent to own homesPopular Zip Codes in Moreno Valley, CA
92557 rent to own homes 92551 rent to own homes 92552 rent to own homes 92556 rent to own homes 92555 rent to own homes 92553 rent to own homesBuying a Home in Moreno Valley, CA
Moreno Valley, CA is seeing rapid growth and Moreno Valley, CA's' housing market remains not optimal with an average home price that is 54% above the 2026 national average. Moreno Valley, CA is part of Riverside 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 2026 for county Riverside is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Moreno Valley, CA
Median Rent in Moreno Valley, CA
Moreno Valley Nightlife Traditionally, Moreno Valley hasn't been known as a nightlife hot spot. The rapid growth of housing developments left most people searching for nightlife options in nearby cities like San Bernardino and Riverside, or even driving down to Los Angeles. That perception is changing, albeit slowly. There are many great restaurants and top-line movie theaters that make dinner and a movie a great option. BJ's Restaurant and Brewhouse offers great pub fare and more, along with handcrafted beers. Harkins Theaters Moreno Valley 16 gives the cinema experience a full range of options from IMAX and 3D to an in-lobby children's supervised play center for kids 3-8. The kids can have fun while Mom and Dad enjoy a movie just steps away. Bahama Mama's on Sunnymead Boulevard is a favorite hangout for locals looking for a cocktail and a great sound system. El Rodeo de Moreno Valley offers great dancing to techno, hip hop, and Latin favorites. P. H. Woods Restaurant and Brewery is a great sports hangout with fantastic food options and an excellent beer selection. Naims Lounge Hookah Bar combines a Middle Eastern ambiance with great music.
Tourist Attractions Moreno Valley has some very interesting attractions. Perris Auto Speedway has sprint car racing, demolition derbies, stock and specialty races. Lake Perris and the Lake Perris State Recreation Area provide a wide range of water-related activities. It's a picturesque reservoir on the south side of Moreno Valley, adjacent to the small city of Perris. More than 100 species of birds have been spotted at the lake and a Native American museum offers the history the first people to call the area home. Also in Perris is the Orange Empire Railway Museum. The 90-acre site is home to more than 200 historic rail cars and locomotives that breathe the life of California's railroad past. Train and trolley rides, including Thomas the Tank Engine for the kids, are a great outing for the family. March Field, which later became March Air Force Base, was formed in anticipation of American entry into WWI. The March Field Air Museum tracks the history of the base and includes a fine collection of vintage aircraft. The nearby Riverside International Automotive Museum pays homage to the racetrack that was a centerpiece of the area.
Moreno Valley Neighborhoods The city has 44 recognized distinct neighborhoods with a wide variety of living options. The rapid growth means there are many large tracts and master planned communities. The core area and outlying original districts have older properties with a less homogeneous feel. Here's a look at some of the bigger neighborhoods in Moreno Valley:
