Rent to own Homes in Simi Valley, CA
Simi Valley, California, is a middle to upper middle class residential community that also possesses a vibrant business community. The age of homes here ranges from tract homes built in the mid-twentieth century to new homes constructed within the last few years. Older homes enjoy larger lots and generous yards while newer homes may be larger in terms of square feet. Simi Valley, the city, is located in the valley of the same name. It is the final resting place of former President of the United States Ronald Reagan. His grave is at the Ronald Reagan Presidential Library.
Simi Valley, CA is a great place for affordable rent-to-own homes! With a median household income of over $99,245 and a median rent of $2,137, the Simi Valley, 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 Simi Valley, 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 Simi Valley, CA Property Resources
Rent to own Homes in Cities Near Simi Valley, CA
- Agoura Hills
- Bell Canyon
- Calabasas
- Camarillo
- Canoga Park
- Casa Conejo
- Castaic
- Channel Islands Beach
- Chatsworth
- El Rio
- Encino
- Fillmore
- Granada Hills
- Hasley Canyon
- Hidden Hills
- Lake Sherwood
- Los Angeles
- Malibu
- Moorpark
- Newbury Park
- Newhall
- North Hills
- Northridge
- Oak Park
- Oxnard
- Pacific Palisades
- Pepperdine University
- Piru
- Porter Ranch
- Port Hueneme
- Reseda
- Ventura
- Santa Clarita
- Santa Paula
- Santa Rosa Valley
- Santa Susana
- Saticoy
- Simi Valley
- Somis
- Stevenson Ranch
- Tarzana
- Thousand Oaks
- Topanga
- Valencia
- Val Verde
- Van Nuys
- West Hills
- Westlake Village
- Winnetka
- Woodland Hills
Buying a Home in Simi Valley, CA
Simi Valley, CA is seeing rapid growth and Simi Valley, CA's' housing market remains not optimal with an average home price that is 182% above the 2024 national average. Simi Valley, CA is part of Ventura 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 Ventura is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Simi Valley, CA
Median Rent in Simi Valley, CA
Top Reasons to Live in Simi Valley CA
Simi Valley Housing Statistics Simi Valley has a total of 37,330 homes and condominium units to house its population. Of these, 28,306 are owner occupied, and 8,172 are renter occupied. In 2010, the estimated median home/condo value was $473,985. The median value in Simi Valley is $68,185 higher than for the entire state. There are 6,396 renter occupied apartments in Simi Valley, making it a great place to think about rent to own homes. The average median rent for a two bedroom and two-bath apartment is $1,551. Folks living here tend to stay put. 53% of Simi Valley residents lived in the same house for the past 5 years.
Simi Valley School Systems The Simi Valley public school system is called Simi Valley Unified. It is a typical kindergarten through twelfth grade school system. Enrollment is 21,137 students in 30 schools. The breakdown is:
Largest Employers and Industries Simi Valley has over 13,000 businesses registered to operate in the city. Most are small retail shops, restaurants, and service businesses such as dry cleaners. The following table illustrates some of the top employers in Simi Valley.
Neighborhoods Like many California cities, Simi Valley has neighborhoods scattered throughout the city. Most are named subdivisions. However, Simi Valley has two large planned developments.