Rent to own Homes in Walnut, CA
A suburban city in eastern Los Angeles County, the city of Walnut was incorporated in 1959 and had a population of 29,661 in the 2012. The city was once homeland of the Tongya people, but when Spanish missionaries established the San Gabriel Mission, Walnut became its grazing grounds. Former mission lands were divided into ranches in the 1830s and given as grants to Mexican ranchers.
Walnut, CA is a great place for affordable rent-to-own homes! With a median household income of over $108,264 and a median rent of $2,518, the Walnut, 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 Walnut, 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 Walnut, CA Property Resources
Rent to own Homes in Cities Near Walnut, CA
- Alhambra
- Aliso Viejo
- Anaheim
- Arcadia
- Avocado Heights
- Azusa
- Baldwin Park
- Brea
- Chino Hills
- Citrus
- Claremont
- Coronita
- Costa Mesa
- Covina
- Diamond Bar
- Duarte
- Foothill Ranch
- Fountain Valley
- Glendora
- Hacienda Heights
- Huntington Beach
- Industry
- Irvine
- Irwindale
- Laguna Woods
- La Habra Heights
- Lake Forest
- Lynwood
- Maywood
- Mira Loma
- Mission Viejo
- Montclair
- Norco
- North Tustin
- Ontario
- Paramount
- Pico Rivera
- Placentia
- Pomona
- Rancho Cucamonga
- Rowland Heights
- San Juan Capistrano
- Santa Ana
- Silverado
- South Monrovia Island
- South San Jose Hills
- Upland
- Villa Park
- Williams Canyon
- Yorba Linda
Neighborhoods in Walnut, CA
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Walnut, CA is seeing rapid growth and Walnut, CA's' housing market remains not optimal with an average home price that is 271% above the 2024 national average. Walnut, 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 Walnut, CA
Median Rent in Walnut, CA
Top 4 Reasons to Live in Walnut, CA
Discover planned housing and ample jobs! A planned community is designed all at once, rather than thrown together ad hoc as time goes by. There are numerous such residential areas in Walnut offering single-family detached dwellings. It is still possible to find a rent to own deal or two, but most financing is by traditional loans. Otterbein Subdivision has more affordable housing - median rents there were $1440 in 2011 and within all of Walnut, they were $1,699. Amar Road and Lemon Avenue have some of the most expensive properties, while Bradbury, Chino Hills, Diamond Bar, Claremont and Fullerton are popular sections of the city with available housing.
Immerse yourself in nature and history! Walnut offers 26 miles of equestrian and hiking trails for residents. The city is set in the Walnut Valley and San Gabriel Valley, between the San Jose Hills and Puente Hills mountain ranges. Everything from desert to beaches and mountains is in proximity to the city, making it a nature-lover's paradise. Visit William R. Rowland Adobe Ranch, the oldest dwelling in Walnut and relax at Suzanne Park, the oldest city park, where you can see the Bob Quattlebaum Windmill. Historic Brookside Equestrian Center was used in filming National Velvet, and the 10-acre wildlife preserve, Wild Life Sanctuary at Mt. SAC, is a definite must-see.
Delicious ethnic restaurants abound! From Baby Elephant Thai to Aloha Island BBQ, Chop Chop Grill, Los Amigos Restaurant, Sate House Indonesian, Mikasa Restaurant and Yami Tea Tim, ethnic cuisine can be found everywhere in the city. Also check out iMomo Sushi and Bangkok BBQ.
High property values! In 2012, median real property values were $564,779, almost double the value in 2000 of $280,300. Median home prices in 2011 were in the $600,000 range. From annual festivals like the Walnut Family Festival and the Mt. SAC Relays to its scenic countryside, this city feels less urban than it is. That is accomplished by careful design through a general plan of development, administered by the Community Development Department and City Manager. The regulations governing housing help keep real estate property values high. Walnut Ridge and South Walnut are popular neighborhoods in the city.