Rent to Own Homes in Compton
Residents have easy access to Compton Airport and Compton Junior College, and the Compton City Council works hard to keep the city as safe as possible for families and children. You'll find some comfortable neighborhoods for hard-working Americans surrounded by a variety of stores, restaurants and businesses throughout the city. You may also choose to live in the unincorporated East Compton area if you can't find a suitable home within city limits.
For entertainment, consider booking a celebrity helicopter tour or visiting the Dominguez Rancho Adobe Museum. The beach is also a short drive away, so fun in the sun is always an option.
Buying a Home in Compton?
The median listing and sales price in Compton is typically around $350,000, but you can find homes selling for closer to $200,000 at any given time. It's important to pay attention to the condition of the home because some Compton houses may require substantial renovation before they're suitable for occupancy. You can expect to pay around $280 per square foot in many neighborhoods, with that price going a bit higher in the most desirable areas.
If you're concerned about the quality of public schools in Compton, try to move close to King/Drew Medical Magnet High School or the California Academy of Mathematics and Science. These high schools have excellent ratings, and you'll find that most of the middle and elementary schools have average ratings.
Popular Neighborhoods in Compton?
Your primary concern when moving into Compton is probably the crime rates. You'll find a few safe neighborhoods on the northeastern corner of the city, and a couple more are located in the north-central region of the city. The Dominguez Junction neighborhood occupies a large area in the southern region and offers a reasonable crime rate as well. Some of the best public schools are also located in this area, so it's a good pick for families. You'll find this neighborhood south of El Camino College, and the median real estate price is around $100,000. The vacancy rate is typically under 5 percent, and most of the homes are occupied by their owners.
Buying vs. Rent to Own Homes?
Are you browsing the homes for sale in Compton while wishing that you were ready to make an offer on a new home right now? Many potential homeowners start dreaming of purchasing a home long before they're actually ready to apply for financing. You may find yourself in that position now, but that doesn't mean that you have to wait to purchase a home. You can look for Compton rent-to-own homes and move into a Compton home right away.
A rent-to-own agreement allows you to delay the financing of your new home without delaying your move-in date. You start out as a renter, and then you secure financing and make the sale official before a specified date. This is a more leisurely path to home ownership, but it's one that may allow you to move into a new home quickly. Cost of Living in Compton
While the cost of living in many California cities will nearly double the national average, Compton's cost of living is a bit more reasonable. While the housing index can rise close to 50 percent higher than the national average, the overall cost of living remains within 20 percentage points of the average most of the time. You can expect to pay reasonable prices for most goods and services, but you'll need to budget for the higher-than-average cost of transportation, utilities and healthcare.
If you're searching for affordable housing in California, the city of Compton is a good place to look. The overall cost of living is more reasonable here than in many surrounding cities, but residents are still a short drive away from Los Angeles and the beautiful beaches lining California's coast. While crime rates are often a concern for residents, there are some family-friendly neighborhoods that offer easy access to the best public schools while controlling crime. If you choose your neighborhood carefully, you could find a budget-friendly home while enjoying the sunshine of southern California.