Rent to own Homes in Pacific Grove, CA
Boasting an enviable setting along the shoreline of Monterey Bay, Pacific Grove lies 45 miles west of Santa Cruz. Perhaps due to the abundance of Victorian architecture in the area, Pacific Grove is often referred to as one of the country's last hometowns, but this charming coastal city has plenty more to offer. An annual migration of Monarch butterflies has given Pacific Grove the endearing nickname of "Butterfly Town, U.S.A."
Pacific Grove, CA is a great place for affordable rent-to-own homes! With a median household income of over $89,088 and a median rent of $1,952, the Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, CA Property Resources
Rent to own Homes in Cities Near Pacific Grove, CA
- Aptos Hills-Larkin Valley
- Aromas
- Big Sur
- Boronda
- Carmel
- Carmel-by-the-Sea
- Carmel Valley
- Carmel Valley Village
- Castroville
- Del Monte Forest
- Del Rey Oaks
- Elkhorn
- Freedom
- La Selva Beach
- Las Lomas
- Marina
- Monterey
- Moss Landing
- Pacific Grove
- Pajaro
- Pajaro Dunes
- Pebble Beach
- Pleasure Point
- Prunedale
- Rio del Mar
- Salinas
- Sand City
- Seaside
- Spreckels
- Watsonville
Neighborhoods in Pacific Grove, CA
Downtown Pacific Grove rent to own homes Forest Hill rent to own homes Pacific Grove Beach rent to own homes Pacific Grove rent to own homesPopular Zip Codes in Pacific Grove, CA
93950 rent to own homesBuying a Home in Pacific Grove, CA
Pacific Grove, CA is seeing rapid growth and Pacific Grove, CA's' housing market remains not optimal with an average home price that is 312% above the 2024 national average. Pacific Grove, CA is part of Monterey 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 Monterey is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Pacific Grove, CA
Median Rent in Pacific Grove, CA
Top 7 Reasons to Live in Pacific Grove, CA
Soak up the weather! Pacific Grove enjoys more than 260 sunny days each year, giving you plenty of time to show off your tan at the beach, stroll around the Rip Van Winkle Open Space, or practice your swing at the Pacific Grove Golf Links.
Live near the waterfront! The city boasts six individual neighborhoods, giving you plenty of elbow room to find just what you need. A home in Pacific Grove Acres or around Central Avenue will place you near the water's edge and close to the Point Pinos Lighthouse and Monarch Grove Sanctuary.
A picture-perfect lifestyle! As if living on the California coast wasn't enough, Pacific Grove residents enjoy a lifestyle that's hard to beat. A livability score of 84 equals a stable housing market, low crime rates, and ample local attractions and amenities, such as Stowitts Museum and the Pacific Grove Public Library.
Tempting dining for every craving! Grab breakfast at local favorite Toasties Cafe, tuck into the signature clay pot fish at An Choi Restaurant or swing by Mrs. DeLish's Cupcake Boutique to indulge your sweet tooth.
Enticing rental market! At $1,400, the average monthly rent is a little more than in the rest of the state, but not every Californian enjoys such a great lifestyle. If you're looking for something a little cheaper, apartment complexes such as Footprints on the Bay and Pacific Vista are great places to search for rental homes or rent to own properties.
Endless retail therapy! Visit the outlet stores at the American Tin Cannery or treat yourself to pair of stylish shades at the Sunglass Hut. A short drive along Cabrillo Highway will lead you to the Edgewater Shopping Center and the Seaside City Center.
Many outdoor recreation choices! If you fancy a break from the beach, enjoy a stroll around one of the city's plentiful green spaces, rent a bike from Lovers Point Park and cycle along Ocean View Boulevard, or head to the nearby Ford Ord Dunes State Park.