Rent to own Homes in Rancho Mirage, CA
Rancho Mirage is not just any California city. It's actually a popular resort town in the Coachella Valley, minutes from Palm Springs. The city is conveniently located and is just an hour and a half from Los Angeles, two hours from San Diego and about four hours away from Phoenix. Rancho Mirage is home to approximately 17,000 full-time residents who enjoy the city's relaxed atmosphere and the variety of recreational and shopping options.
Rancho Mirage, CA is a great place for affordable rent-to-own homes! With a median household income of over $84,891 and a median rent of $1,336, the Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, CA Property Resources
Rent to own Homes in Cities Near Rancho Mirage, CA
- Anza
- Bermuda Dunes
- Cathedral City
- Coachella
- Desert Edge
- Desert Hot Springs
- Desert Palms
- Garnet
- Idyllwild-Pine Cove
- Indian Wells
- Indio
- Indio Hills
- Joshua Tree
- La Quinta
- Mecca
- Morongo Valley
- Mountain Center
- Oasis
- Palm Desert
- Palm Springs
- Rancho Mirage
- Sky Valley
- Thermal
- Thousand Palms
- Vista Santa Rosa
- Warner Springs
- Whitewater
- Yucca Valley
Neighborhoods in Rancho Mirage, CA
Thunderbird rent to own homes Rancho Mirage rent to own homes Tamarisk Country Club rent to own homes Flying H Ranch rent to own homes Estates At Rancho Mirage rent to own homes Desert Island Country Club rent to own homes Sunrise Country Club rent to own homes Springs Country Club rent to own homes Morningside Country Club rent to own homes Rancho Las Palmas Country Club rent to own homesPopular Zip Codes in Rancho Mirage, CA
92270 rent to own homesBuying a Home in Rancho Mirage, CA
Rancho Mirage, CA is seeing rapid growth and Rancho Mirage, CA's' housing market remains not optimal with an average home price that is 145% above the 2024 national average. Rancho Mirage, CA is part of Riverside 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 Riverside is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Rancho Mirage, CA
Median Rent in Rancho Mirage, CA
Top 6 Reasons to Live in Rancho Mirage, CA
Excellent home appreciation! When you buy a home in Rancho Mirage, you can expect to see its value increase quite a bit. The appreciation rate over the last year has been nearly 23 percent, which is much higher than the average 5 percent rate in many other states. You can find homes for sale or rent to own in local neighborhoods that include Rimlon and Edom.
Multiple golf courses! If golf is your game, you're going to be very happy in Rancho Mirage. The city has several courses, including Rancho Mirage Country Club, Mission Hills Country Club and Dinah Shore Golf Course. Morningside Country Club offers not only golf, but also tennis and a fitness center.
Great shopping! The River in Rancho Mirage features Forever 21, Bath and Body Works, Hats Unlimited and many more stores. Ritz Camera, Lady Golf, Tuesday Morning and other stores are found at the Rancho Los Palmas Shopping Center.
Lots of homes available! The vacancy rate is much higher than average, since many of the city's residents are seasonal. The 42 percent vacancy rate will make it easy for you to find a house most of the year. Check out housing near Desert Creek Lane, Morningstar Road, Country Club Drive and Bob Hope Drive.
Places to eat! Permanent and seasonal residents alike enjoy the many restaurants in the area. A few of the most popular eateries include Fleming's Prime Steakhouse, Sam's Sushi, Thai Smile and Michael's Pizzeria.
Elegant resorts! You'll love taking the occasional staycation at the many resorts located in and around Rancho Mirage. Of course, you can always simply visit the spas, pool areas and restaurants that the resorts offer. Enjoy a round of golf at The Westin Mission Hills Golf Resort and Spa or try one of the slot machines or table games at Agua Caliente Casino Resort Spa. After hitting a jackpot, take in a live show in The Lounge, a popular casino night spot.