Rent to own Homes in Milpitas, CA
Invest in rising property values! California real estate is notorious for its high prices, and Milpitas is no exception. The median home price is over $500,000. For a great deal, check out rent to own properties along Dixon Landing Road or N Milpitas Blvd.
Milpitas, CA is a great place for affordable rent-to-own homes! With a median household income of over $137,000 and a median rent of $2,626, the Milpitas, 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 Milpitas, 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 Milpitas, CA Property Resources
Rent to own Homes in Cities Near Milpitas, CA
- Alum Rock
- Amesti
- Atherton
- Ben Lomond
- Bonny Doon
- Boulder Creek
- Brookdale
- Cambrian Park
- Campbell
- Capitola
- Corralitos
- Cupertino
- Day Valley
- East Palo Alto
- Fremont
- Gilroy
- Hayward
- Interlaken
- Ladera
- La Selva Beach
- Lexington Hills
- Livermore
- Lompico
- Los Altos
- Los Altos Hills
- Loyola
- Menlo Park
- Monte Sereno
- Morgan Hill
- Mount Hamilton
- Newark
- Pleasanton
- Pleasure Point
- Rio del Mar
- San Jose
- San Martin
- Santa Clara
- Santa Cruz
- Saratoga
- Scotts Valley
- Seacliff
- Soquel
- Stanford
- Sunnyvale
- Sunol
- Twin Lakes
- Union City
- Watsonville
- West Menlo Park
- Zayante
Neighborhoods in Milpitas, CA
Midtown rent to own homes Sunnyhills rent to own homes Northwestern Milpitas rent to own homes Northeastern Milpitas rent to own homes Milpitas rent to own homes Southeastern Milpitas rent to own homes Main At Serra rent to own homes Curtner Estates rent to own homes California Circle rent to own homes Central Milpitas rent to own homesPopular Zip Codes in Milpitas, CA
95036 rent to own homesBuying a Home in Milpitas, CA
Milpitas, CA is seeing rapid growth and Milpitas, CA's' housing market remains not optimal with an average home price that is 326% above the 2024 national average. Milpitas, CA is part of Santa Clara 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 Santa Clara is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Milpitas, CA
Median Rent in Milpitas, CA
Top 14 Reasons to Live in Milpitas
World-wide flavors and down-home goodness! For classic American diner fare, locals flock to the Black Bear Diner, but there are also plenty of more exotic cuisine options. Com Tam Thanh creates traditional Vietnamese flavors, while Casa Azteca brings local flavors to the surface.
Enjoy living in a great investment! Property values in Milpitas are outperforming the national average more than twice over. The average listing price is $727,265. This makes rent to own homes a great way to find your dream home, with the flexibility to adjust to changing market conditions. Tour properties along N Abel Street and Marylinn Drive to get a great price.
Play at the park! Milpitas takes its outdoor parks seriously, maintaining more than 20 for public use. For some great grilling or just to enjoy the great outdoors, take a walk through Cardoza Park or picnic at Hidden Lake Park.
Find inexpensive housing! Yes, most homes carry price tags in the $500,000 range or more, but there are some options that are less than $250,000 -- about 7% of the local real estate market. Set up viewings along Edsel Drive and Dempsey Road to snag yourself one of the more affordable options.
Tee-off at one of the local courses! Milpitas has several local golf courses, including Spring Valley Golf Course and Summitpointe Golf Club. Both of these courses offer lush greens, well-maintained grounds and a variety of additional services.
Close fast! A median listing time of only 12 days doesn't give you a lot of time to think about a house. If you find rent to own houses that you like, make an offer on the spot. Houses along Piedmont Road and Yosemite Drive don't sit long.
Shopping galore! Milpitas may not have the shopping opportunities of a large city like New York, but that doesn't mean you need to travel to do your retail therapy. Three major shopping centers serve the area, including the Town Center, McCarthy Ranch and Great Mall.
Competitive housing market! Lack of inventory is one of the major factors contributing to high prices and fast sales. There are only around 19,000 homes in the area, making each one a premium option. Properties along Abbott Avenue or Roswell Drive may go fast, but they also have reasonable prices. Be prepared to wait for the right house.
Explore the arts and theater! The city supports a project called the Phantom Art Gallery which exhibits at the Community Center, Great Mall and the public library. For the theater, catch a performance at the Calaveras Repertory Theater.
Luxury living at its finest! There are affordable homes in Milpitas, and there are some incredible luxury homes. Don't be surprised by price tags in excess of $2,000,000, particularly along Quince Lane and Tularcitos Drive.
Boba! Local favorites include Fantasia Coffee & Tea and Ten Ren Tea Co. The green tea options are the most popular at Ten Ren, so be sure to order one for yourself after your move in!
Rental-friendly living! Almost a third of Milpitas' residents rent their homes, making the area very friendly for tenants. The Crossing at Montague and Cerano Apartments both offer top notch rental homes at around the market rate. Be aware that the median rate for apartments is more than $2,000.
See Silicon Valley! Milpitas acts as the gateway into Silicon Valley with all of the tech companies that call it home. Be sure to take a day to visit the Microsoft home and their museum for visitors, or the HP garage where the tech revolution took off.