The city of Orange, California, is 32 miles southeast of Los Angeles, CA. The city's population of over 138,000 has a median age of 33 years. Orange has the second largest concentration of historic buildings in the region, many of which can be found in Old Towne, the Orange Historic District that dates back to the 1800s and is representative of the structures built in that period. The city provides a full range of services for its citizens, and it's home to parks, lakes, and a metropolitan commercial center.
Orange, CA is a great place for affordable rent-to-own homes! With a median household income of over $96,605 and a median rent of $1,857, the Orange, 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 Orange, 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.
Orange, CA is seeing rapid growth and Orange, CA's' housing market remains not optimal with an average home price that is 213% above the 2022 national average. Orange, CA is part of Orange 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 2022 for county Orange is 0.56% which is below the national average, which is 0.99%.
Orange, CA has a walk score of
Orange, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.