Palmdale is situated right in the middle of northern Los Angeles County in California, but is separated from LA by the San Gabriel Mountains. Over the last 25 years, the city has consistently been one of top 25 fastest growing cities in the United States, in terms of population percentage increase. Palmdale is known for being a close-knit family community with a high quality of life, and it includes a ski resort, a PGA-level golf course, and a world-class medical facility called the Palmdale Regional Medical Center. In addition, the area features a shopping mall called Antelope Valley Mall, which covers over a million square feet of shopping space.
Palmdale, CA is a great place for affordable rent-to-own homes! With a median household income of over $65,444 and a median rent of $1,333, the Palmdale, 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 Palmdale, 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.
Palmdale, CA is seeing rapid growth and Palmdale, CA's' housing market remains not optimal with an average home price that is 39% above the 2022 national average. Palmdale, CA is part of Los Angeles 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 Los Angeles is 0.59% which is below the national average, which is 0.99%.
Palmdale, CA has a walk score of
Palmdale, 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%.