Rent to own Homes in La Palma, CA
La Palma is located in Orange County roughly 30 miles southeast of Los Angeles. It was once dotted with dairies, hence its former name of Dairyland, but when the dairies relocated, the city's changed its name to La Palma to reflect its Spanish history. This suburb is a haven for anyone who is looking for a quiet place to live while also having convenient access to one of the largest cities in the country.
La Palma, CA is a great place for affordable rent-to-own homes! With a median household income of over $108,363 and a median rent of $1,863, the La Palma, 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 La Palma, 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 La Palma, CA Property Resources
Rent to own Homes in Cities Near La Palma, CA
- Corona Del Mar
- Costa Mesa
- East Los Angeles
- El Monte
- Fountain Valley
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irvine
- Laguna Woods
- La Habra Heights
- Lake Forest
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Maywood
- Montebello
- Monterey Park
- Norwalk
- Orange
- Palos Verdes Estates
- Palos Verdes Peninsula
- Paramount
- Pico Rivera
- Redondo Beach
- Rolling Hills
- Rose Hills
- Rossmoor
- San Gabriel
- Santa Ana
- Signal Hill
- Silverado
- South El Monte
- South Whittier
- Vernon
- Walnut
- Walnut Park
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in La Palma, CA
No neighborhoods foundPopular Zip Codes in La Palma, CA
90623 rent to own homesBuying a Home in La Palma, CA
La Palma, CA is seeing rapid growth and La Palma, CA's' housing market remains not optimal with an average home price that is 216% above the 2024 national average. La Palma, CA is part of Orange 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 Orange is 0.56% which is below the national average, which is 0.99%.
Median Home Price in La Palma, CA
Median Rent in La Palma, CA
6 Reasons to Move to La Palma, California
Mostly homeowners! When you buy a home, it's nice to be in a community filled with fellow homeowners. About 75% of the households in La Palma are owner-occupied, so whether you buy outright or rent to own, you will already have something in common with your neighbors. You can find lots of nice properties around Orangethorpe Avenue and Walker Street and Moody Street and La Palma Avenue.
Beautiful parks! La Palma is home to several parks, each of which has many amenities. Central Park features lighted basketball courts, a tetherball court, picnic tables, grassy ball fields, and a community center. There are also smaller community parks for residents to enjoy, such as El Rancho Verde Park and Denni Street Park.
Plenty of places to eat! La Palma has all the typical California fast-food restaurants such as In-N-Out Burger, Del Taco, and Subway. But it also has an impressive selection of sit-down restaurants. Examples include Manila Sunset Restaurant, La Capilla Mexican Restaurant, and A'Roma Restaurant.
Really low property taxes! If you are worried about the expenses that come with owning a house, you will be glad to know that property taxes in La Palma are under $8 per $1000 of home value, a bargain compared to the national average of about $12 per $1000. Look for houses of all sizes and styles around Crescent Avenue and Santa Margarita Lane, or Valley View Street and Fresca Drive.
Great community events! La Palma is a city that makes it easy for residents to get together and celebrate any occasion. The main event is La Palma Days. This takes place every fall and features a parade with bands and local groups participating. There are also performances, rides, and a pageant. Other city events throughout the year include a Halloween Carnival, Holiday Tree Lining Ceremony, and Concerts in the Park during the summer.
Convenient location! La Palma's location in Southern California is appealing to a lot of buyers. That's because it's just 15 minutes away from Disneyland, 30 minutes from downtown Los Angeles, and 40 minutes from the beach.