Affordable Rent to Own House in Valenzuela
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The city of Valenzuela features some of the most affordable houses on the Metro Manila market, which expectedly results in favorable rent-to-own rates. In 2016, the average price for houses in the city listed on Lamudi averaged prices of around Php3.71 million. |
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Classified as a highly urbanized, first-class city based on income classification and number of population, Valenzuela City has developed into a multicultural metropolis. Initially a agricultural rural area, the city has grown into a major economic and industrial center of the Philippines. |
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There are numerous hospitals in Valenzuela. Among these are the city-run Valenzuela City Emergency Hospital and the Valenzuela City General Hospital, and privately owned hospitals like Calalang General Hospital, Sanctissimo Rosario General Hospital and Fatima University Medical Center, a tertiary private hospital under the administration of Our Lady of Fatima University. |
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Long existing as municipality, Valenzuela garnered official cityhood by way of Republic Act No. 8526, which was signed on February 14, 1998. The city was the 12th admitted in Metro Manila, and 83rd in the entire Philippines. |
Permanent Residence in the Former Polo
The city of Valenzuela had its initial beginnings as a place called ‘Polo’, and was comprised mainly of Spanish friar’s hacienda, small political settlements, and a Spanish garrison. Eventually, after the Philippine Revolution against Spain and the subsequent series of events, Polo was eventually renamed to Valenzuela. This is after Pio Valenzuela, a physician during the Spanish era who figured significantly in history as a member of the Katipunan.
After thriving as a municipality since its name was changed, Valenzuela eventually officially earned cityhood in February 1998. Since then, the area has evolved in what is now a highly urbanized, first-class city with a number of health and medical facilities, educational institutions, and retail centers.
Affordable Real Estate in Metro Manila
While one of the cities that compromises Metro Manila, Valenzuela is one of the National Capital Region’s less highly urbanized. While by no means under-developed, it comparatively less dense in population and structures than the likes of neighboring Quezon City and other major cities like Makati and Pasay.
Due to this, Valenzuela is one of the Metro’s preferred locations for real estate, particularly for those who want to live or invest in the capital region but are working with modest finances. In 2016, houses for sale in Valenzuela were listed on Lamudi for an average price of Php3.71 million. Comparatively, homes in nearby Quezon City were listed for an average price of Php13.79 million. Makati, the costliest city in terms of houses for sale, had average prices of Php207.19 million.
Rent to Own House in Valenzuela
Rent to own options furthers the affordability of houses in Valenzuela, where the market presently offers a number of options to meet different needs and budgets. Among the more affordable listings presently are homes with around 70-100 square meters of floor area listed for only around Php850,000. These types of homes often have at least one bedroom, and are ideal for your professionals working in the city or in neighboring Quezon City who want to have a property to their name early on.
Expectedly, there are also costlier and gaudier options in Valenzuela, as it is after all still a city in Metro Manila. Homes for sale with rent to own options can be valued for as much as Php18.5 million in Valenzuela, but still prove to be affordable given than these types of prices often apply to homes with multiple bedrooms (as much as eleven) and total floor areas that are over 500 square meters.
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