Rent to own Homes in Newark, CA
Rocketing values. Newark home values, whether they belong to rent to own houses or real estate that's not yet on the market, have soared by over 25 percent in a year to a median $512,400. They're projected to go up by over 7% more in the coming year. If you like living near greenery, look near Civic Center Park or Birch Grove Park.
Newark, CA is a great place for affordable rent-to-own homes! With a median household income of over $127,619 and a median rent of $2,366, the Newark, 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 Newark, 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 Newark, CA Property Resources
Rent to own Homes in Cities Near Newark, CA
- Alamo
- Ashland
- Atherton
- Belmont
- Burlingame
- Cambrian Park
- Campbell
- Castle Hill
- Cupertino
- Danville
- Diablo
- Dublin
- East Foothills
- East Palo Alto
- Emerald Lake Hills
- Fairview
- Foster City
- Fremont
- Hayward
- Highlands-Baywood Park
- Hillsborough
- Ladera
- Lafayette
- La Honda
- Lexington Hills
- Livermore
- Loma Mar
- Los Altos
- Los Altos Hills
- Los Gatos
- Loyola
- Menlo Park
- Millbrae
- Monte Sereno
- Mount Hamilton
- Newark
- Norris Canyon
- North Fair Oaks
- Palo Alto
- Portola Valley
- San Carlos
- San Gregorio
- San Jose
- Santa Clara
- Saranap
- Saratoga
- Stanford
- Sunnyvale
- West Menlo Park
- Woodside
Neighborhoods in Newark, CA
Newark rent to own homesPopular Zip Codes in Newark, CA
94560 rent to own homesBuying a Home in Newark, CA
Newark, CA is seeing rapid growth and Newark, CA's' housing market remains not optimal with an average home price that is 275% above the 2024 national average. Newark, CA is part of Alameda 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 Alameda is 0.68% which is below the national average, which is 0.99%.
Median Home Price in Newark, CA
Median Rent in Newark, CA
Reasons to Live in Newark, CA
Parks galore. You can live your outdoor life at over a dozen city parks. The 16 acres of Community Center Park, for example, include a combined basketball and handball court, lighted tennis courts and picnic areas. For a rousing game of horseshoes, head for the pit at the Jerry Raber Ash Street Park.
Sales lower than asking. If you haven't bought a mortgage-financed or rent to own home yet, you'll be relieved to know that the high median listing price of $539,000 ends up with a lower median sales price of $446,300. About 16% of listings have a price cut and about 21 percent sell below the asking price. Want to live near water? Check out homes near Lakeshore Park or Newark Slough.
Celebrate a birthday. In this case, you're partying for the city, which was born on September 22, 1955. Newark Days combines games, food booths, a carnival and a parade. A theme makes sure each year's celebration differs from the last. The only way this event works for over 100,000 visitors is through the efforts of 200 volunteers, so give some of your time.
Affordable San Francisco alternative. The median price per square foot of Newark listings is $323, which is more affordable than the $379 per square foot median of the San Francisco metropolitan area. (San Francisco is about 44 minutes from Newark without traffic.) A local real estate agent can lead you to offerings that are rent to own. Check out homes in neighborhoods like Lakeshore or Newark Square.
Get wet. Don't let the city's landlocked location stop you from enjoying water. Not when the Aquatic Center offers 32,000 square feet of indoor water park with pools heated to at least 83 degrees and two large slides. Whether you're six months old or a senior citizen, you can glide smoothly through the waves by picking up some swim lessons. Another great way to cool down is with a cone from Wonder Ice Cream.
Cheaper than other cities. Newark's median home value of $512,400 makes it cheaper than most cities in the Bay Area. If you want to decorate your lovely home, consider home goods from places like Ashley Interiors or Cardinal Bath and Kitchen.
Buying the best. You can satisfy your shopping itch at over 150 stores and eateries gathered at the Newark Mall, which is anchored by such biggies as Macy's and Sears. For more something more unique, try buying or playing a game at the friendly and highly individual CJ Collectibles.