Rent to own Homes in San Fernando, CA
San Fernando was the first city in San Fernando Valley. In fact, this area was settled even before Los Angeles. Thanks to a gold rush and the arrival of the railroad, San Fernando was founded in 1874. Since then, residents have been enjoying stunning views of the San Gabriel hills while being only about 30 miles from downtown Los Angeles. With this kind of convenience, it's no wonder more than 23,000 people proudly call this city home.
San Fernando, CA is a great place for affordable rent-to-own homes! With a median household income of over $60,655 and a median rent of $1,393, the San Fernando, 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 San Fernando, 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 San Fernando, CA Property Resources
Rent to own Homes in Cities Near San Fernando, CA
- Beverly Hills
- Canoga Park
- East Pasadena
- El Monte
- Encino
- Glendale
- Granada Hills
- Hawthorne
- Hermosa Beach
- Hidden Hills
- Huntington Park
- Inglewood
- La Canada Flintridge
- La Crescenta
- La Crescenta-Montrose
- Ladera Heights
- Lennox
- Los Angeles
- Lynwood
- Marina del Rey
- Maywood
- Montrose
- North Hollywood
- Pacoima
- Panorama City
- Paramount
- Pasadena
- Pico Rivera
- Redondo Beach
- Rosemead
- San Fernando
- San Gabriel
- San Pasqual
- Santa Clarita
- Santa Susana
- Sherman Oaks
- Sierra Madre
- Stevenson Ranch
- Studio City
- Sun Valley
- Tarzana
- Tujunga
- Valencia
- Valley Village
- Val Verde
- Van Nuys
- Walnut Park
- West Carson
- Winnetka
- Woodland Hills
Neighborhoods in San Fernando, CA
San Fernando rent to own homesPopular Zip Codes in San Fernando, CA
91340 rent to own homesBuying a Home in San Fernando, CA
San Fernando, CA is seeing rapid growth and San Fernando, CA's' housing market remains not optimal with an average home price that is 117% above the 2024 national average. San Fernando, 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 San Fernando, CA
Median Rent in San Fernando, CA
5 Reasons to Live in San Fernando, CA
Fast home appreciation! The houses here have appreciated rather quickly, with a rate of about 20% over the past year. This is about four times as fast as homes have appreciated elsewhere in the country, so if you plan to buy a home outright or even rent to own, you'll be pleased with San Fernando. If you want to live near a park in this city, look for homes near Truman Street and South Workman Street. If you'd prefer to live within walking distance of stores, check out 8th Street and Maclay Avenue.
Great restaurants! There is a good mix of eateries in this city, so you can satisfy pretty much any food craving. When you want seafood, Rosarito Fish Market will hit the spot, while El Abuelo Restaurant is the place to go for Mexican food. You can even get Mediterranean at local eateries like Corner Kebab and Bello's Kabob and Grill.
Low property taxes! But when you buy in San Fernando, you'll be pleasantly surprised by how affordable the property taxes are. The tax rate here is about $8 per $1000 of the value, which is about two-thirds the rate for the US. If you want proximity to a freeway that can take you throughout California, look for homes near the I-5. If living near a Starbucks is more important to you, look for homes near Truman Street and San Fernando Mission Boulevard.
Nice parks! This city has several parks that are perfect for relaxing, playing ball, or hosting events. Recreation Park has multipurpose rooms, an indoor gym, ball fields, and even a concession stand. Las Palmas Park has similar amenities, while the San Fernando Regional Pool Facility makes it easy for residents to cool off.
Local events! The city does a good job of putting on events and classes for residents, and most of them take place at the parks scattered around town. Parks often host events like the Holiday Tree Lighting, Summer Concerts in the Park, and Relay for Life of San Fernando.