Rent to own Homes in Mission Viejo, CA
Mission Viejo, California, situated in the southern portion of Orange County, is a must-see for people looking for a beautiful place to call home that has all of the amenities necessary for a high quality of life. It is one of the best master-planned communities in the region and has a population of more than 93,000 people. The city, which offers a true suburban lifestyle, also has incredible views and natural areas. This makes it a highly desirable place to find homes for sale.
Mission Viejo, CA is a great place for affordable rent-to-own homes! With a median household income of over $121,299 and a median rent of $2,326, the Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, CA Property Resources
Rent to own Homes in Cities Near Mission Viejo, CA
- Aliso Viejo
- Anaheim
- Camp Pendleton Mainside
- Camp Pendleton North
- Camp Pendleton South
- Capistrano Beach
- Corona
- Corona Del Mar
- Coronita
- Costa Mesa
- Coto de Caza
- Dana Point
- Foothill Ranch
- Fountain Valley
- Huntington Beach
- Irvine
- Ladera Ranch
- Laguna Beach
- Laguna Hills
- Laguna Niguel
- Laguna Woods
- Lake Elsinore
- Lake Forest
- Lakeland Village
- Mission Viejo
- Modjeska
- Murrieta
- Newport Beach
- Newport Coast
- North Tustin
- Orange
- Rancho Mission Viejo
- Rancho Santa Margarita
- San Clemente
- San Juan Capistrano
- Santa Ana
- Silverado
- Temescal Valley
- Trabuco Canyon
- Tustin
- Villa Park
- Warm Springs
- Wildomar
- Williams Canyon
Neighborhoods in Mission Viejo, CA
No neighborhoods foundPopular Zip Codes in Mission Viejo, CA
92690 rent to own homes 92691 rent to own homes 92692 rent to own homesBuying a Home in Mission Viejo, CA
Mission Viejo, CA is seeing rapid growth and Mission Viejo, CA's' housing market remains not optimal with an average home price that is 237% above the 2024 national average. Mission Viejo, 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 Mission Viejo, CA
Median Rent in Mission Viejo, CA
Top Reasons to Live in Mission Viejo CA
Housing Statistics Individuals interested in purchasing real estate and rental property in Mission Viejo will find plenty of options. However, before making this type of buying decision, individuals need to consider the overall features of the area and the housing market. The housing market is mostly stable, though there are large numbers of foreclosure properties present in some regions. This has dropped significantly, though, in the previous year. The median sale price of homes here in the second quarter of 2013 was $550,000. This is more than a 20 percent increase in home sale prices from last year. The average price per square foot was $326. The average listing price of homes, as of the second week of August 2013, stood at $673,382. In the previous year, 576 homes sold in the area. When determining if this is the right place to purchase rental property, it may help to consider a few additional factors. The median household income here is nearly $98,000. The annual residential turnover is 14 percent. The median years in residence is four. Additionally, incomes have improved by about 23 percent over the last decade.
Nightlife When choosing a rent to own home, choosing one that offers a high quality of life is important to any buyer. So consider the nightlife present here in Mission Viejo. There are a number of outstanding options to choose from when a night on the town is what's necessary. Some top destinations include Mare Culinary Lounge, Sutra, and Kollas Nightclub. The various restaurants and bars in town tend to have nightly entertainment, too.
Arts and Culture Mission Viejo does not have too many museums or various performing arts facilities. Most people head into the big city for those attractions and events. However, there are some important locations here that contribute to the overall cultural value present in the city. The Norman P Murray Community and Senior Center is one of the most popular options for those who are older and looking for plays, group events and cultural events. Lake Mission Viejo is another important destination. This man-made lake also hosts various events and festivals.
Neighborhoods Mission Viejo does have some unique community neighborhoods, but overall it is a cohesive city. Here's an overview of a few neighborhoods: