Rent to own Homes in Loma Linda, CA
Part of San Bernardino County's Inland Empire, Loma Linda is a community of 23,261 residents. Among the town's notable former residents is Matthew Modine, who starred in Stanley Kubrick's Full Metal Jacket as Private Joker. The name of the town means Beautiful Hill in Spanish. National Geographic named Loma Linda as one of three destinations in the world with the highest age longevity, probably due to the vegetarian eateries around town.
Loma Linda, CA is a great place for affordable rent-to-own homes! With a median household income of over $56,021 and a median rent of $1,438, the Loma Linda, 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 Loma Linda, 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 Loma Linda, CA Property Resources
Rent to own Homes in Cities Near Loma Linda, CA
- Angelus Oaks
- Beaumont
- Big Bear Lake
- Bloomington
- Bryn Mawr
- Calimesa
- Canyon Lake
- Cherry Valley
- Colton
- Corona
- Crestline
- Crestmore Heights
- Fontana
- Forest Falls
- Glen Avon
- Good Hope
- Grand Terrace
- Green Acres
- Hemet
- Hesperia
- Highgrove
- Highland
- Home Gardens
- Homeland
- Jurupa Valley
- Lake Arrowhead
- Lake Mathews
- Loma Linda
- Lytle Creek
- March Air Reserve Base
- Meadowbrook
- Mentone
- Mira Loma
- Moreno Valley
- Norco
- Nuevo
- Oak Glen
- Oak Hills
- Ontario
- Pedley
- Rialto
- Romoland
- Rubidoux
- Running Springs
- San Bernardino
- San Jacinto
- Temescal Valley
- Warm Springs
- Winchester
- Yucaipa
Neighborhoods in Loma Linda, CA
North Central rent to own homesPopular Zip Codes in Loma Linda, CA
92318 rent to own homes 92354 rent to own homes 92350 rent to own homesBuying a Home in Loma Linda, CA
Loma Linda, CA is seeing rapid growth and Loma Linda, CA's' housing market remains not optimal with an average home price that is 75% above the 2024 national average. Loma Linda, CA is part of San Bernardino 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 Bernardino is 0.63% which is below the national average, which is 0.99%.
Median Home Price in Loma Linda, CA
Median Rent in Loma Linda, CA
Top 4 Reasons to Live in Loma Linda, CA
Affordable house prices! Loma Linda's median real estate prices are 24.1 percent lower than the California average. This equates to a sale price of $291,500, compared to $383,900 elsewhere in the state. There is a wide range of housing stock available, ranging from single-unit homes to apartment complexes with communal pool areas. Loma Linda is a compact community, and the majority of its amenities are centered around Barton Road. Popular residential areas include Cottonwood Park to the north and the area around Leonard Bailey Park in the south east.
Higher incomes! Loma Linda residents enjoy the best of both worlds. Not only is housing cheaper than the rest of California, but average owner-occupied household incomes are higher with figures of $86,701 compared to $82,899 elsewhere in the state. Unemployment is also lower at 4.9 percent compared to 7.1 percent for the rest of California. The Loma Linda University Medical Center on Campus Street and the Loma Linda Academy are two of the main local employers.
Healthy living! Perhaps it's not surprising that Loma Linda has such longevity given all the healthy eating options available in town. The community is known for its large vegetarian population and some favorite hangouts include Yogurtlicious and Bakers Drive Thru, which is a local Inland Empire chain famous for its veggie burritos.
Cheaper rents! Rental prices in Loma Linda are slightly cheaper than the California average at around $1,099 a month. Finding the right place shouldn't be too difficult as 60 percent of households live in rented accommodation and there is a vacancy rate of 10 percent. The majority of the town's housing stock is made up of single-unit homes and many of these are available to lease through rent to own programs. The area in between Barton Road and Beaumont Avenue includes some of town's more desirable homes.