Rent to own Homes in Placentia, CA
Charming downtown. The walkable Old Town is full of one- and two-story retail structures, some from near the turn-of-the-century. El Farolito has been serving South-of-the-Border specialties here since 1974. If you'd rather munch on fresh produce under the sun, walk two minutes south from the restaurant to the Certified Farmers Market, held every Saturday.
Placentia, CA is a great place for affordable rent-to-own homes! With a median household income of over $100,707 and a median rent of $1,856, the Placentia, 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 Placentia, 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 Placentia, CA Property Resources
Rent to own Homes in Cities Near Placentia, CA
- Alhambra
- Aliso Viejo
- Anaheim
- Arcadia
- Avocado Heights
- Azusa
- Baldwin Park
- Brea
- Chino Hills
- Citrus
- Claremont
- Coronita
- Costa Mesa
- Covina
- Diamond Bar
- Duarte
- Foothill Ranch
- Fountain Valley
- Glendora
- Hacienda Heights
- Huntington Beach
- Industry
- Irvine
- Irwindale
- Laguna Woods
- La Habra Heights
- Lake Forest
- Lynwood
- Maywood
- Mira Loma
- Mission Viejo
- Montclair
- Norco
- North Tustin
- Ontario
- Paramount
- Pico Rivera
- Placentia
- Pomona
- Rancho Cucamonga
- Rowland Heights
- San Juan Capistrano
- Santa Ana
- Silverado
- South Monrovia Island
- South San Jose Hills
- Upland
- Villa Park
- Williams Canyon
- Yorba Linda
Neighborhoods in Placentia, CA
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Placentia, CA is seeing rapid growth and Placentia, CA's' housing market remains not optimal with an average home price that is 200% above the 2024 national average. Placentia, 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 Placentia, CA
Median Rent in Placentia, CA
Reasons to Live in Placentia.
Rising home values. After hitting bottom in 2012, the median value of a Placentia house is $543,100, up 10.5% over the previous 12 months. The median list price is $520,000, and the median sale price is $504,000. Look for a rent to own properties around the Atwood and E. Bastanchury Rd. neighborhoods.
Retro government plaza. Most city offices, including city hall and the police department, huddle around a circular retro plaza built in the Mission style and decorated with a bell, fountain and palm trees. You can find out more about city history at the main library in the plaza.
Loving a parade. A welcome harbinger of fall is the Annual Heritage Festival, which begins with a parade that features high school marching bands from all over Orange County. The route ends at Tri-City Park, where the fun continues with rides, craft booths, a beer garden and a classic cars show.
Lower-than-average home pricing. Orange County median values are still one of the highest in the nation, at $605,700. Fortunately, Placentia prices for outright purchases or rent to own homes are lower, at $543,100. Over three-quarters of the homes in the city were built between 1960 to 1979 with just below 2% hailing from the 21st century. Check out the Rose Dr. and Kraemer Blvd, neighborhoods for available homes.
Music under the stars. To celebrate the summer, the city sponsors free concerts under the stars, featuring talent with a wide range of performances from calypso and country to blues and classical. Local entertainers The Kid and Nic often appear with medleys from movie musicals while wearing costumes.
Reasonable rents. To go along with the reasonable house prices, rentals in the city are also lower than the median $2,199 per month for Orange County. Placentia rentals are at a median $1,650, actually down from a high of $2,200 in 2013. Look for rent to own houses around W. Chapman Ave. or E. Yorba Linda Blvd.
At home with the past. The Bradford House is a Queen Anne Victorian once owned by one of the city's most famous families. Its two stories and 15 rooms are decorated in furnishings from the 1900s to the 1920s. The 2.2 acres of the George Key Ranch Historic Park enlightens guests with a museum, historic home, garden and an orange grove that once dominated the area.
Low-income housing. Money is no object for affording a rental home thanks to low-income housing. Those on tighter budgets don't have to settle for anything less than swimming pools, spas, vaulted ceilings and other amenities. The least expensive neighborhoods include La Jolla and Murray St.
Bicycle-friendly. Give the old jalopy a break by running errands with two wheels on the city's many bike paths. Better be up on your pedal etiquette and helmet laws unless you want to be pulled over by the Police Bike Team.
Great living for the golden years. A typical community for active 55-plus adults, like Emerald Isle or Bradford Square, can include resort-style amenities, such as a club room, a business center and a pool.