Santa Clara, CA Rent To Own Homes

Rent-to-Own Homes in Santa Clara, CA: What You Need to Know 

Santa Clara is a beautiful, prosperous city. The job market is booming, which allows for the high cost of living. The weather here is gorgeous and the schools provide top-tier education. There are excellent neighborhoods attracting families, young professionals, and retirees. 

Job Opportunities

Santa Clara offers its residents a variety of high caliber employers. Apple, NVIDIA, SAP, Google, and Microsoft are the top five employers. The top three Fortune 500 companies located here are NVIDIA, Applied Materials, and Intel. The average salary for a Santa Clara resident is $111,000. As of December 2019, the unemployment rate was 2.2%.

The Cost of Living in Santa Clara

Living in Santa Clara is expensive. It is, on average, 114% more expensive than the rest of the United States. The housing costs a staggering 324% more than the rest of the country. The median home value here is $927,200 and 43% of residents own their homes. The median home price is $1,375,000. The average rent of an apartment is $2,974.

Weather and Climate

Santa Clara has long, dry summers with short, but cold and precipitation-heavy winters. June, July, and August are the hottest months, with temperatures averaging around 90°F. The coldest month is January, with the temperatures scarcely dipping below 63°F. Santa Clara gets 42.3” of rain per year.  

Schools and Higher Education

There are 420 public schools in Santa Clara, serving 272,000 students. There are also 257 private schools teaching 59,000 students. Santa Clara University and Mission College are both here, with Stanford University close by. 

Know Your Neighborhoods

University South is considered one of the best places to live in all of California. The 4,000 residents enjoy a dense urban environment and top tier public schools. Young professionals and retirees favor University South. The median home value is $1,748,670. The median rent is $2,550 and the majority of residents rent their homes.

Ventura is another California favorite. 4,000 residents enjoy a quiet urban environment and excellent public schools. The median home value is $1,274,940. The median rent is $2,135 and the majority of residents rent their homes.

Downtown North is also a top California suburb. Just over 3,000 residents live here, enjoying a dense urban setting. Many young professionals and retirees live here. The median home value is $1,752,040. The median rent is $2,389 and nearly all residents rent their homes.