Rent to own Homes in South El Monte, CA
Located in the San Gabriel Valley in Los Angeles County, South El Monte is a beautiful California city with a family-like community environment. According to the most recent census data, it has a population of 20,116 residents. Covering a land area of approximately 2.85 square miles, the city receives many of its public services, such as police and firefighters, from Los Angeles County, allowing it to save its budget for community development.
South El Monte, CA is a great place for affordable rent-to-own homes! With a median household income of over $54,208 and a median rent of $1,361, the South El Monte, 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 South El Monte, 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 South El Monte, CA Property Resources
Rent to own Homes in Cities Near South El Monte, 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 South El Monte, CA
No neighborhoods foundPopular Zip Codes in South El Monte, CA
91733 rent to own homesBuying a Home in South El Monte, CA
South El Monte, CA is seeing rapid growth and South El Monte, CA's' housing market remains not optimal with an average home price that is 108% above the 2024 national average. South El Monte, 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 South El Monte, CA
Median Rent in South El Monte, CA
7 Reasons to Live in South El Monte, CA
Affordable housing options available! If you are just moving to California, you should be prepared for real estate prices that are well above the national average. In the case of South El Monte, these prices are a good deal lower than the California average, which makes it easier for a new resident to make the transition. There are a variety of homes for sale along Rosemead Blvd or in the City Center neighborhood, both of them even lower than the area average. If you wish to wait on owning, there are also rent to own homes available.
Rentals are also affordable! Like the housing prices, rental rates in South El Monte are lower than the California average. Whether you are looking at rental homes or apartments, you can typically find a unit available at a reasonable price. If you want the best prices, the Garvey Trailer Park may be an option. If you're looking for something with more amenities, you should look at the Palm Villas.
Take in fresh air at the parks! California is often known for its beautiful landscapes and San Gabriel Valley is no exception. The City has its fair share of parks, including New Temple Park and Shively Park.
Stay active and fit! If you are hoping to maintain your fitness, there are plenty of gyms and exercise activities in the area. Zumba Fitness at ZumArely's is one structured way to get yourself moving. If you're looking for more general activities, the iClub Health Zone is a great place to check out.
Check out the local carnivals! South El Monte also has its fair share of local events going on. The Whittier Narrows Regional Park Carnival is around all year to ensure that residents have plenty of time to enjoy the attractions. The annual Feria De Nayarit is also something all locals should go to at least once.
Enjoy the local night life! After a long week, nothing says relaxation more than a visit to a nice bar. Both Alice's Palace and Las Cavernas offers a great weekend experience.
Keep yourself looking great! If you need a good haircut, the Hair Asylum is the local place to go. When it's time to get your nails done, you'll want to check out Diamond Nails.