Rent to own Homes in West Covina, CA
West Covina was declared an independent city from Covina in 1923. At that time, West Covina had less than 700 residents, but since then the population has grown to over 107,000. This growth was spurred in part by the post World War II building boom, which made the city into one of America's fastest developing areas. Residents are proud of their community, and they compare it to a suburban paradise with all the amenities of a major metropolitan city. The community's landmarks include the Big League Dreams Stadium, City Hall, the Plaza at West Covina, and dozens of department stores, eateries, natural parks and monuments. West Covina is 30 minutes away from Disneyland and the Hollywood nightlife and within one hour of the beaches and mountains.
West Covina, CA is a great place for affordable rent-to-own homes! With a median household income of over $85,626 and a median rent of $1,745, the West Covina, 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 West Covina, 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 West Covina, CA Property Resources
Rent to own Homes in Cities Near West Covina, 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 West Covina, CA
West Covina rent to own homesPopular Zip Codes in West Covina, CA
91793 rent to own homes 91790 rent to own homes 91792 rent to own homes 91791 rent to own homesBuying a Home in West Covina, CA
West Covina, CA is seeing rapid growth and West Covina, CA's' housing market remains not optimal with an average home price that is 166% above the 2024 national average. West Covina, 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 West Covina, CA
Median Rent in West Covina, CA
Top Reasons to Live in West Covina CA
Home Statistics The median home price in West Covina is $390,000, compared to a national listing price of $400,000 in the region. The sales prices are based on 234 home sales during May-July 2013. The average listing and sales price was $540,113 for August, 2013. The average rent list price is $1,380 and monthly rental homes in more expensive neighborhoods such as Walnut and the South Hills start at $2,000 and up. Over 38 percent of the homes are renter-occupied with a seven percent vacancy rate. With 177 resale and new homes on the market, investing in a nest egg here is an option to explore.
Weather and Climate West Covina has a Mediterranean climate of dry summers and rainy winters, but overall modest transitions in temperatures. The city is located in the heart of the San Gabriel Valley that forms part of the Los Angeles Basin. West Covina gets 22 inches of rainfall, no snowfall and 278 sunny days per year. The summer highs average 80 degrees Fahrenheit and the winter lows average 45 degrees Fahrenheit. Summers are warm, hot and dry, and the cooler months leading into December are somewhat rainy. Spring and autumn bring mild, cool and dry conditions. West Covina is immediately south of the San Gabriel Mountains and although snow is extremely rare in the basin, the San Gabriel Mountains typically receive snow every winter season.
Local Shopping In West Covina, there are a lot of retail and wholesale shops that meet the community's shopping needs. Visitors will find stretches of plazas and malls with supermarkets, salons, eateries and entertainment. This includes the popular West Covina Parkway Plaza directly across from the Westfield shopping town and Quail Ridge Shopping Center on the corner of Nogales and La Puente Road.
Tourist Attractions Tourists get a treat from the natural mystique of the city's valleys, mountains and plains. Visitors bask in the panoramic skyline of the San Gabriel Mountains and Downtown Los Angeles. West Covina's geographical location places it within proximity of several beaches and parks, including Palm View Park, Cameron Park and Friendship Park. Other natural attractions include the California coastline, seasonal snow-capped San Bernardino and San Gabriel Mountains, Big Bear Lake, Mojave Desert, Catalina Island and Lake Arrowhead.
Largest Employers and Industries West Covina is situated within one of the largest metropolitan areas in the United States. Because of the prime location, competitive land prices and rental rates, the city attracts several large investors to the area. The largest employers include San Gabriel Valley Publishing Company, Target, Penske Motorcars, Macy's and JCPenney. Other prominent commercial establishments in the city include a super regional shopping center, a regional power center, professional office buildings and a major auto plaza.