Rent to own Homes in Redondo Beach, CA
The sand feels great. At this seaside center, it's all about activities on the two miles of wide beach: swimming, surfing or just tanning on a blanket. You can also stroll along the Redondo Beach Pier, or set sail from Redondo Beach Marina.
Redondo Beach, CA is a great place for affordable rent-to-own homes! With a median household income of over $116,832 and a median rent of $2,165, the Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, CA Property Resources
Rent to own Homes in Cities Near Redondo Beach, CA
- Artesia
- Bell
- Bellflower
- Bell Gardens
- Burbank
- Carson
- Cerritos
- Compton
- Cudahy
- Culver City
- Del Aire
- Downey
- East Los Angeles
- East Rancho Dominguez
- El Segundo
- Encino
- Harbor City
- Hawthorne
- Huntington Beach
- Ladera Heights
- Lakewood
- La Palma
- Lennox
- Lomita
- Los Alamitos
- Lynwood
- Manhattan Beach
- Marina del Rey
- Maywood
- Montebello
- Monterey Park
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Rolling Hills
- Rolling Hills Estates
- Rossmoor
- Santa Fe Springs
- Santa Monica
- Seal Beach
- Sunset Beach
- Vernon
- View Park-Windsor Hills
- West Carson
- West Hollywood
- Westminster
- Wilmington
Neighborhoods in Redondo Beach, CA
No neighborhoods foundBuying a Home in Redondo Beach, CA
Redondo Beach, CA is seeing rapid growth and Redondo Beach, CA's' housing market remains not optimal with an average home price that is 348% above the 2024 national average. Redondo Beach, 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 2024 for county Los Angeles is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Redondo Beach, CA
Median Rent in Redondo Beach, CA
Top 14 Reasons to Live in Redondo Beach
Two housing areas. The city breaks up into two main communities. South Redondo borders the Pacific Ocean, offering its residents spacious properties with scenic views. North Redondo is entirely inland with more affordable properties that are available as rent to own homes or bought with mortgages.
Plenty of recreational activities. Practice your spikes at any of the beach nets that are maintained by the city. You can learn to play in the sun at the Beach Volleyball Camp run by famed athlete Sinjin Smith. Pedal your way along the Redondo Beach International Boardwalk or one of the area's other bike paths.
Higher listing and sale prices. The median list prices in Redondo Beach are $785,000 with a median sales price of $755,300. This makes buying a home a good investment, especially in neighborhoods like S. Cataline Ave. or Clifton.
Clap for culture. The Redondo Beach Performing Arts Center calls itself the "Crown Jewel of the South Bay Arts Scene" because of its full slate of concerts, musicals and distinguished speakers. Regular performers include the Los Angeles Ballet, which celebrates dance with both classical and modern works.
Values on the upswing. House values have remained relatively steady, although January saw a one-year increase of 13.4% to a median value of $808,300. Look for homes in areas with high appreciation values, such as Grant Ave. or Carnegie Ln.
Devotion to green. The city's celebration of all things green starts at the Civic Center with a Water Wide Demonstration Garden that lowers water use and maintenance. It continues with edibles every Thursday at the year-round Farmers Market in front of Veterans Park. Among the goods on offer are fresh fish and plants.
You can own or rent. Available properties are almost evenly divided between single-family homes and condos, with only about 13% devoted to apartments. The percentage of owners vs. renters is also evenly split, which increases the chances of finding rent to own houses. Check out popular areas like Camino Real or S. Prospect Ave.
Vintage visits. The Historical Museum is a 1904 Queen Anne house that enshrines important city artifacts, photographs and memorabilia. For a combination of Craftsman and Queen Anne architecture, head to the Morrell House, which can also be rented for private events.
Numerous options for square footage and build dates. The average Redondo Beach house was built in 1973 and has 1,724 square feet of space. Just over 25% of the homes were each built between 1940 and 1999 and 11% in the 21st century. For available homes, look around the Green Ln. and Flagler Ln. neighborhoods.
Make a difference. Help your fellow residents by volunteering for the Citizen Corps Council, which oversees several programs. Two notables are the Medical Reserve Corps, which helps provide medical services during emergencies, and the Citizen Police Academy, which offers a first-hand view of law enforcement.
Reasonable rent prices. The median rental costs in Redondo Beach peaked in 2010 at $3,000 per month before dropping to a low of $1,830 in 2012, then rising to their current $2,400. While prices for rent to own homes vary widely, they will generally be higher than these amounts. Check out available homes in the Inglewood Ave. or El Nido neighborhoods.
Great shopping options. Stroll by charming one-story boutiques and restaurants, some of which boast sidewalk seating, at Rivera Village. To escape the heat in a climate-controlled interior mall, comfort yourself at the South Bay Galleria, anchored by such giants as Macy's, Nordstrom and Kohl's.
Walk over water. Rise over the Pacific without getting your feet wet at the largest "endless" pier on the California coast. The Pier maximizes its 70,000 square feet of space with shopping, dining and open areas. You can also enjoy the annual Festival of the Kite, with prizes for the highest flyer, youngest participant and best handmade kite.