Rent to own Homes in Montebello, CA
Historic golf course! If you want to play a round of golf while basking in the history of this city, check out the Montebello Municipal Golf Course. This public course has been around since 1928 and is also the site of the Quiet Cannon banquet room, perfect for local events with up to 500 people.
Montebello, CA is a great place for affordable rent-to-own homes! With a median household income of over $62,781 and a median rent of $1,443, the Montebello, 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 Montebello, 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.
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Rent to own Homes in Cities Near Montebello, CA
- Beverly Hills
- Duarte
- East Pasadena
- Encino
- Glendora
- Granada Hills
- Hacienda Heights
- Harbor City
- Hawthorne
- Hermosa Beach
- Huntington Beach
- Huntington Park
- Industry
- Inglewood
- Irwindale
- La Canada Flintridge
- La Crescenta-Montrose
- Ladera Heights
- La Habra Heights
- La Puente
- Lennox
- Long Beach
- Los Angeles
- Lynwood
- Marina del Rey
- Maywood
- North Hollywood
- Norwalk
- Palos Verdes Estates
- Palos Verdes Peninsula
- Panorama City
- Paramount
- Pico Rivera
- Rolling Hills
- Rose Hills
- Rossmoor
- San Pasqual
- Sierra Madre
- South Monrovia Island
- South Whittier
- Tarzana
- Van Nuys
- Vincent
- Walnut
- West Carson
- West Covina
- Westminster
- West Puente Valley
- Whittier
- Wilmington
Neighborhoods in Montebello, CA
No neighborhoods foundPopular Zip Codes in Montebello, CA
90640 rent to own homesBuying a Home in Montebello, CA
Montebello, CA is seeing rapid growth and Montebello, CA's' housing market remains not optimal with an average home price that is 139% above the 2024 national average. Montebello, 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 Montebello, CA
Median Rent in Montebello, CA
Top 14 Reasons to Live in Montebello
Grant Rea Park! This is more than your typical park, since it has a merry go round, train rides and pony rides. It also houses the Montebello Barnyard Zoo, which offers fun for all ages.
Plenty of places to eat! Your taste buds will get quite a workout in this city. If you want Armenian food, a trip to Golden Skewer is a good idea, while Salvatore Italian Restaurant has ravioli, lasagna and more. And when you go to Arry's Super Burger or Alondra Hot Wings, you already know what kind of food to expect from the name alone!
Classes through the city! When you live in this city, it's never too late to join a softball league or get swimming lessons. The Montebello Parks and Recreation Division organizes such courses, which are held at popular locations like Potrero Heights Park and Ashiya Park.
Lots of transportation options! When you need to rely on public transportation, hitch a ride from the Montebello Bus Lines, which operates 10 lines throughout San Gabriel Valley. You can also go to the local Metrolink station to catch a ride on the LINK so you can get around town.
Shopping! Locals who love to shop often end up at The Shops at Montebello, which features Macy's, JC Penney, Disney Store and dozens more options. Throughout the city, you'll also find bargains at stores like Marshalls and Dollar Tree.
Arts and culture! If you want to see a musical or play locally, Montebello Performing Arts Center is your best bet. When you're ready to learn a little more about the history of this city, let the Montebello Historical Society educate you with venues like the Sanchez Adobe Historic Site and Museum.
Parks that everyone can enjoy! Most of the parks here are not simply open spaces with ball fields; they have something more. For example, Montebello City Park features a major skateboard park, while Bicknell Park is the home of the Montebello Genocide Memorial. Plus, the Chet Holifield Park features a library!
Swimming! Enjoy the great California weather with the help of public pools. If you want to swim, you can visit the George Hensel Aquatic Center or the Holifield Plunge. Of course, if you prefer the ocean, you're only about 25 miles from most beaches in the Los Angeles area.
Popular city for renters! About 52% of the homes in this city are renter occupied, which indicates that it could be a great place for you to rent a home. You can also choose to rent to own if you want to eventually become a homeowner. Either way, check out Racquet Mountain or Hillside to see some nice homes.
Low rental prices! The average rental price here is just above $1,000, compared to California's average of about $1,200. So if you want to save money on your housing costs, look for rental homes or rent to own houses in areas like Beverly or Civic Center District.
Affordable home prices! The median home value here is the same as the California average, around $450,000. So if you were prepared to pay that price anyway when moving to this state, it makes sense to plant your roots in Montebello. Check out homes in La Merced or Downtown Montebello.
Reasonable property taxes! When you buy a home, you have to consider all costs, including property taxes. Luckily for you, at about $2,400 annually, the amount of property taxes paid here is a little lower than the state's average. Start looking for houses for sale or even rent to own homes around North Montebello Boulevard and Town Center Drive.
Varied housing options! You can find everything from cozy apartments and condos to spacious houses here. If you're looking for an apartment to rent for now, a few choices include Park Victoria and Oak Hills. Homes appreciated 18.55% in the last year, so living here is an investment that will keep giving back!