Rent to own Homes in Hermosa Beach, CA
Residents of Hermosa Beach consider their community the best little beach city in the world. While the city is near Los Angeles and all the City of Angels has to offer, such as Sunset Boulevard and Griffith Park, it is also less than one and a half square miles in size, translating to a lot of small town charm. Popular activities here include beach volleyball, surfing, running, and maintaining the community garden.
Hermosa Beach, CA is a great place for affordable rent-to-own homes! With a median household income of over $142,500 and a median rent of $2,246, the Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, CA Property Resources
Rent to own Homes in Cities Near Hermosa Beach, CA
- Artesia
- Bell
- Bellflower
- Bell Gardens
- Burbank
- Carson
- Cerritos
- Compton
- Cudahy
- Culver City
- Del Aire
- Downey
- East Los Angeles
- East Rancho Dominguez
- El Segundo
- Encino
- Harbor City
- Hawthorne
- Huntington Beach
- Ladera Heights
- Lakewood
- La Palma
- Lennox
- Lomita
- Los Alamitos
- Lynwood
- Manhattan Beach
- Marina del Rey
- Maywood
- Montebello
- Monterey Park
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Rolling Hills
- Rolling Hills Estates
- Rossmoor
- Santa Fe Springs
- Santa Monica
- Seal Beach
- Sunset Beach
- Vernon
- View Park-Windsor Hills
- West Carson
- West Hollywood
- Westminster
- Wilmington
Neighborhoods in Hermosa Beach, CA
No neighborhoods foundPopular Zip Codes in Hermosa Beach, CA
90254 rent to own homesBuying a Home in Hermosa Beach, CA
Hermosa Beach, CA is seeing rapid growth and Hermosa Beach, CA's' housing market remains not optimal with an average home price that is 659% above the 2024 national average. Hermosa Beach, 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 Hermosa Beach, CA
Median Rent in Hermosa Beach, CA
Top 4 Reasons to Live in Hermosa Beach, CA
Median sales prices are on the rise! The median sales price on homes for sale in Hermosa Beach has been holding steady. After fluctuating during the housing crash, the sales prices on rent to own homes and other properties in this small beach city have largely been on the rise. In fact, throughout 2014 the median sales price for homes sold in the city stayed over $1 million. Homes to the east near Harper Avenue as well as homes near Pacific Coast Highway are all seeing healthy sales prices.
Breathe easy with fresh air initiatives! In an effort to keep the air around Hermosa Beach cleaner, and help residents stay healthy, the government maintains a fresh air initiative that restricts where people are allowed to smoke. All public parks, Clark Stadium, the Hermosa Beach Pier, the boardwalk (aka The Strand), and all public parking lots in the city are considered smoke-free zones.
Two-bedroom properties are in demand! Between 2013 and 2014, two-bedroom properties for sale in Hermosa Beach saw a significant increase in value. In fact, homes with two bedrooms saw a 10% increase in median sales price year over year -- a more significant increase than any other type of property! The number of sales for two-bedroom properties is on par with 3- and 4-bedroom homes.Even though it's small, Hermosa Beach offers many groups for it's residents to join, including the Hermosa Beach Arts Foundation, the Hermosa Beach Historical Society, and the Hermosa Beach Education Foundation.
Eat fresh from the farmer's market! Hermosa Beach has a community garden, where residents can grow vegetables, fruits, and other plants in their designated bed. The garden, on Valley Drive, is so popular that new gardeners must be put in a lottery to be considered for a new bed! Hermosa Beach also has a farmers' market every Friday at the corner of 11th and Valley Drive, where visitors and locals alike can pick up fresh vegetables, fruits, flowers, kettle corn, and more. Produce is from certified local farmers and freshly picked just for the market.