Rent to own Homes in East Palo Alto, CA
Located in California's San Mateo County, a little more than 30 miles southeast of San Francisco, East Palo Alto boasts a picturesque setting along the shoreline of San Francisco Bay. Although the city is often assumed to form part of the neighboring Palo Alto, they are actually separate entities and lie in different counties. The community of 29,000 people enjoy easy access to amenities and attractions, such as Stanford Stadium and the Shoreline Amphitheater.
East Palo Alto, CA is a great place for affordable rent-to-own homes! With a median household income of over $83,511 and a median rent of $1,765, the East Palo Alto, 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 East Palo Alto, 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.
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Rent to own Homes in Cities Near East Palo Alto, CA
- Alamo
- Ashland
- Atherton
- Belmont
- Burlingame
- Cambrian Park
- Campbell
- Castle Hill
- Cupertino
- Danville
- Diablo
- Dublin
- East Foothills
- East Palo Alto
- Emerald Lake Hills
- Fairview
- Foster City
- Fremont
- Hayward
- Highlands-Baywood Park
- Hillsborough
- Ladera
- Lafayette
- La Honda
- Lexington Hills
- Livermore
- Loma Mar
- Los Altos
- Los Altos Hills
- Los Gatos
- Loyola
- Menlo Park
- Millbrae
- Monte Sereno
- Mount Hamilton
- Newark
- Norris Canyon
- North Fair Oaks
- Palo Alto
- Portola Valley
- San Carlos
- San Gregorio
- San Jose
- Santa Clara
- Saranap
- Saratoga
- Stanford
- Sunnyvale
- West Menlo Park
- Woodside
Neighborhoods in East Palo Alto, CA
East Palo Alto rent to own homesPopular Zip Codes in East Palo Alto, CA
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East Palo Alto, CA is seeing rapid growth and East Palo Alto, CA's' housing market remains not optimal with an average home price that is 333% above the 2024 national average. East Palo Alto, CA is part of San Mateo 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 Mateo is 0.56% which is below the national average, which is 0.99%.
Median Home Price in East Palo Alto, CA
Median Rent in East Palo Alto, CA
Top 5 Reasons to Live in East Palo Alto, CA
Stay active! Life in East Palo Alto provides ample opportunity to enjoy outdoor pursuits. Take advantage of the city's 260 annual sunny days by taking a stroll along the waterfront, playing a round or two at the nearby Palo Alto Golf Course or tucking into a picnic at the Ravenswood Open Space Preserve. A little further afield are the Golden Gate National Recreation Area and Point Reyes National Seashore.
Attractive rental market! More than 60% of homes in East Palo Alto are rented, and a 9% vacancy rate means you'll enjoy plenty of choices. Charges of around $1,200 a month in rent are typical, although you can reasonably expect to pay more for a home along the Ravenswood waterfront area than you will for city center lodgings near Donohoe Street. It's also worth taking a look at rent to own options.
Lots to eat! When you're craving tacos, stop by Three Brothers Tacos and order their carnitas or the super nachos. Quattro Restaurant and Bar serves up Italian dishes such as gnocchetti, bruschetta, Sicilian Aghiotta and more. Emmannuel Pizza is a takeout and delivery only spot, perfect for those nights when you want to order in.
Appealing market for homeowners! The appeal of living in East Palo Alto extends to homeownership, too. The average house price in the city is close to $378,000, a little less than in the rest of the state. If you have a larger budget, take a look at options along Azalia Drive, W Bayshore Road, and Purdue Avenue.
Dig in! Indulge your inner foodie at an array of popular local eateries. Enjoy traditional Mexican fare at Three Brothers Taco and Taqueria La Casuela or savor Italian dishes at Quattro in the Four Seasons Hotel. If you prefer to cook, you'll love the fresh produce on offer at the nearby Menlo Park and Sigona's Farmers Markets.