Rent to own Homes in Coronado, CA
Coronado is the definition of California seaside living. This island off the coast of downtown San Diego has easy access to and from the city via the Coronado Bridge, while offering a slew of activities from biking to bowling to just hanging out on the beach. With friendly neighborhoods and tree-lined streets, Coronado has plenty of reasons to call it home.
Coronado, CA is a great place for affordable rent-to-own homes! With a median household income of over $108,992 and a median rent of $2,621, the Coronado, 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 Coronado, 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 Coronado, CA Property Resources
Rent to own Homes in Cities Near Coronado, CA
- Alpine
- Bonita
- Bostonia
- Cardiff By The Sea
- Carlsbad
- Casa de Oro-Mount Helix
- Chula Vista
- Coronado
- Crest
- Del Dios
- Del Mar
- El Cajon
- Elfin Forest
- Encinitas
- Escondido
- Eucalyptus Hills
- Fairbanks Ranch
- Granite Hills
- Harbison Canyon
- Harmony Grove
- Imperial Beach
- Jamul
- La Jolla
- Lake San Marcos
- Lakeside
- La Mesa
- La Presa
- Lemon Grove
- National City
- Poway
- Ramona
- Rancho San Diego
- Rancho Santa Fe
- San Diego
- San Marcos
- Santee
- San Ysidro
- Solana Beach
- Spring Valley
- Vista
- Winter Gardens
Neighborhoods in Coronado, CA
No neighborhoods foundPopular Zip Codes in Coronado, CA
92178 rent to own homes 92135 rent to own homes 92118 rent to own homes 92155 rent to own homesBuying a Home in Coronado, CA
Coronado, CA is seeing rapid growth and Coronado, CA's' housing market remains not optimal with an average home price that is 662% above the 2024 national average. Coronado, CA is part of San Diego 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 San Diego is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Coronado, CA
Median Rent in Coronado, CA
Top 5 Reasons to Live in Coronado, CA
Locals enjoy the tourist attractions, too! The crown jewel of Coronado is the historic Hotel del Coronado. The Victorian style hotel was built in 1888 and is a National Historic Landmark. Even if you don't spend the night, you will probably spend some time in its grand lobby, which once hosted the top celebrities of the day. With award winning dining options at 1500 Ocean and Sheerwater, the hotel is a gathering spot for the community.
You are never far from a beach! At the northern end of the island is tranquil Coronado Beach, and the southern end is dominated by Silver Strand State Beach, which often hosts beach camping and a nightly beach bonfire.
San Diego lifestyle, without the hassle! Coronado is connected to San Diego by the gorgeous San Diego-Coronado Bridge. Locals can easily get to downtown via the bridge or by using the convenient water taxi that leave frequently from the Coronado Ferry Landing on the north end of the community, whisking you to downtown San Diego in just a few minutes.
Home values are soaring! While other areas have been hit hard with falling real estate values, Coronado is the exception. Home values here have risen a whopping 18.4% in the last year. Compared to the national average of just 4.9%, you can see that finding a house for sale on Coronado will likely always be a good investment. Enjoy island life with a place in the Village where you can walk to the beach right from your door. Or, try marina style waterside living in a neighborhood like The Cays with your own boat dock.
High vacancy allows for plenty of options! The vacancy rate in Coronado is just over 20%, which is a bit higher than the national average, but this can be good news for those seeking a house for rent or a rent to own situation. You may even want to find a rental house at first to make sure that you like living on the island, in which case there are guaranteed to be many options. Celebrate your new home at one of Coronado's many eateries, including Delux Dogs for low-key, hand-crafted bites or Chez Loma for something a little French and fancy.