Rent to own Homes in San Lorenzo, CA
San Lorenzo, CA is a tiny census-designated place (CDP) that sits right between the towns of San Leandro and Hayward. Only 2.8 square miles in size, the city manages to be home to more than 23,000 people. Residents don't have to refer to their home as a CDP, though, since it also goes by the name San Lorenzo Village. The area saw quite a bit of activity during the California Gold Rush, when gold seekers used it as a temporary dwelling spot. After that, it mainly became known for its productive farmland.
San Lorenzo, CA is a great place for affordable rent-to-own homes! With a median household income of over $91,319 and a median rent of $1,808, the San Lorenzo, 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 Lorenzo, 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 Lorenzo, CA Property Resources
Rent to own Homes in Cities Near San Lorenzo, CA
- Alamo
- Ashland
- Atherton
- Belmont
- Burlingame
- Cambrian Park
- Campbell
- Castle Hill
- Cupertino
- Danville
- Diablo
- Dublin
- East Foothills
- East Palo Alto
- Emerald Lake Hills
- Fairview
- Foster City
- Fremont
- Hayward
- Highlands-Baywood Park
- Hillsborough
- Ladera
- Lafayette
- La Honda
- Lexington Hills
- Livermore
- Loma Mar
- Los Altos
- Los Altos Hills
- Los Gatos
- Loyola
- Menlo Park
- Millbrae
- Monte Sereno
- Mount Hamilton
- Newark
- Norris Canyon
- North Fair Oaks
- Palo Alto
- Portola Valley
- San Carlos
- San Gregorio
- San Jose
- Santa Clara
- Saranap
- Saratoga
- Stanford
- Sunnyvale
- West Menlo Park
- Woodside
Neighborhoods in San Lorenzo, CA
San Lorenzo rent to own homesPopular Zip Codes in San Lorenzo, CA
94580 rent to own homesBuying a Home in San Lorenzo, CA
San Lorenzo, CA is seeing rapid growth and San Lorenzo, CA's' housing market remains not optimal with an average home price that is 184% above the 2024 national average. San Lorenzo, CA is part of Alameda 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 Alameda is 0.68% which is below the national average, which is 0.99%.
Median Home Price in San Lorenzo, CA
Median Rent in San Lorenzo, CA
Top 5 Reasons to Live in San Lorenzo, CA
Rising appreciation rates! When appreciation rates go up, it means homes have more value. Take advantage of the considerable increase in appreciation rates in San Lorenzo by looking for a home to buy. The Via Alamitos and Via Manzanas neighborhood and the E. Lewelling Blvd. and Mission Blvd. neighborhood are the ones with the highest appreciation rates.
Delicious dining options! San Lorenzo has several notable places to eat when you're in the mood for dining out. Stop by Frodo Joe's Coffee and Tea to snack on crepes while enjoying a cup of specially brewed coffee or tea. Black Angus Steakhouse offers hearty meals, including prime rib, filet mignon and sirloin steak, as well as burgers and sandwiches.
Outdoor relaxation! San Lorenzo's mild climate gives you many opportunities to spend time outdoors. Visit Hayward Regional Shoreline for hiking, birdwatching, fishing and biking. You can also explore the area's marshes and wetlands and take plenty of scenic pictures along the way. Head to San Lorenzo Community Center Park to take a stroll or play some basketball or soccer. Pack a lunch and have a picnic on the park's large grassy areas.
Lower real estate taxes! Property taxes in San Lorenzo are slightly lower than the US average. If you want to be among the 71 percent of residents who are homeowners here and enjoy paying lower real estate taxes, search for homes for sale in the Worthley Dr. and Grant Ave. neighborhood or the Hesperian Blvd. and Bockman Rd. neighborhood. You can also look into getting a rent to own home if you aren't ready to buy something immediately.
Arts and culture! Learn the fine art of folk dancing and ballet by signing up for classes at Ballet Folklorico Costa de Oro. You'll then have the chance to show off what you've learned by participating in the studio's performances. The San Lorenzo Public Library also offers a variety of events, ranging from art classes to more practical lessons, such as computer classes.