Located between three interconnecting interstate highways, the 205, the 5 and the 580, the city of Tracy has a population of 82,922, according to the 2010 US census. Tracy is within San Joaquin County and is the second most populated city in the county. Because of its location, Tracy has great weather pretty much year round. It is nice and cool all year, with temperatures occasionally reaching into the 90s during the summer months, but sliding back to a more comfortable 60s to 70s range for the rest of the year. In its early days, Tracy experienced rapid growth and prosperity due to an abundant agricultural industry. Recently, many people from the Bay Area have moved to Tracy, looking for more affordable housing and a bit of peace and quiet that is practically impossible to find in the city these days.
Tracy, CA is a great place for affordable rent-to-own homes! With a median household income of over $95,741 and a median rent of $1,862, the Tracy, 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 Tracy, 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.
Tracy, CA is seeing rapid growth and Tracy, CA's' housing market remains not optimal with an average home price that is 116% above the 2022 national average. Tracy, CA is part of San Joaquin 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 2022 for county San Joaquin is 0.73% which is below the national average, which is 0.99%.
Tracy, CA has a walk score of
Tracy, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.