Rent to own Homes in Parkway, CA
Parkway is a census-designated place that is located just south of Sacramento, California. Its convenient position between Interstate 5 and the Golden State Highway makes it easily accessible, which means that the area's approximately 14,700 residents can get to the surrounding cities within minutes. If you end up settling down in Parkway, don't forget to take a minute to appreciate the natural beauty found in the nearby Sacramento River and Yolo Bypass Wildlife Area.
Parkway, CA is a great place for affordable rent-to-own homes! With a median household income of over $50,293 and a median rent of $1,167, the Parkway, 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 Parkway, 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.
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Rent to own Homes in Cities Near Parkway, CA
- Antelope
- Arden-Arcade
- Carmichael
- Citrus Heights
- Clarksburg
- Clay
- Courtland
- Davis
- Dogtown
- El Dorado Hills
- Elk Grove
- El Macero
- Elverta
- Fair Oaks
- Florin
- Folsom
- Foothill Farms
- Franklin
- Freeport
- Fruitridge Pocket
- Gold River
- Granite Bay
- Herald
- Hood
- Isleton
- La Riviera
- Lemon Hill
- Lodi
- Loomis
- Mather
- Mcclellan
- McClellan Park
- North Highlands
- Orangevale
- Parkway
- Pilot Hill
- Pleasant Grove
- Rancho Cordova
- Rancho Murieta
- Rio Linda
- Rocklin
- Rosemont
- Roseville
- Sloughhouse
- Thornton
- University of California Davis
- West Sacramento
- Wilton
- Woodbridge
- Woodland
Neighborhoods in Parkway, CA
Southgate Plaza Shopping Center rent to own homesPopular Zip Codes in Parkway, CA
No zip codes foundBuying a Home in Parkway, CA
Parkway, CA is seeing rapid growth and Parkway, CA's' housing market remains not optimal with an average home price that is 12% above the 2023 national average. Parkway, CA is part of Sacramento 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 2023 for county Sacramento is 0.68% which is below the national average, which is 0.99%.
Median Home Price in Parkway, CA
Median Rent in Parkway, CA
6 Reasons to Move to Parkway, CA
Affordable rental properties! If you want to rent in Parkway, you will be happy to see that the median rent is about $924 per month. Compare this to California's $1,200 per month, and you'll see that Parkway is pretty affordable if you plan to rent or rent to own. Check out homes for rent along Mack Road and Franklin Boulevard, or near Florin Road and Stockton Boulevard.
Enjoy the great outdoors! The aptly named Parkway has lots of green space for residents to frolic in. Nielsen Park has a peaceful atmosphere and lots of trees, while Pollock Ranch Park is known for its great playground and ample grassy areas.
Sufficient stores for everything you need! When you live here, you will hardly have to venture out of the area to get what you need. Parkway features shops that include Rite Aid, Walgreens, and Burlington Coat Factory. When you're looking for a deal, you can head to Goodwill, Big Lots, or Dollar Tree. Of course, the big city of Sacramento is just 20 minutes away, if you want to spend the whole day shopping.
Low median home price! If you want to buy a property here, the median home price will make you happy. It's about $151,000, which is much lower than California's average of $384,000. It's even lower than the nation's average of $181,000. You can start your search near Fruitridge Road and Del Norte Boulevard or 44th Street and Parker Avenue.
Restaurants to fulfill every craving! If you're looking for a casual eatery in Parkway, you can head to Subway, Taco Bell, or Carl's Jr. If you want Italian food, you can check out Mountain Mike's Pizza, while Jolibee's offers Filipino cuisine. You can also head to Maharaja Indian Restaurant, Warner's Restaurant and Lounge or Panda Wok, if you're looking for food that tastes great.
Convenient location for big-city amenities! When you live in Parkway, you are a short drive from downtown Sacramento, which is why many people choose to reside here, while taking advantage of the big city amenities nearby. Residents here are also just an hour and a half away from San Francisco and two hours from Lake Tahoe, so it's easy to get away for a quick day trip when desired.