Narrow results by city
Rent to Own Homes in Arizona
Although many people picture red-earth deserts and prickly cactus when they think of Arizona, the state’s landscape is quite diverse. In fact, the state is the sixth largest in the United States, by land mass, and features dramatic changes in elevation levels.
Northern Arizona is the outdoor enthusiast’s dream. The region's towering mountains are thick with pine... Read More
Although many people picture red-earth deserts and prickly cactus when they think of Arizona, the state’s landscape is quite diverse. In fact, the state is the sixth largest in the United States, by land mass, and features dramatic changes in elevation levels.
Northern Arizona is the outdoor enthusiast’s dream. The region's towering mountains are thick with pine forests, perfect for orienteering and hiking. Those mountains lead to more exciting terrain, including the Grand Canyon and a host of other national parks.The below results are primarily rent to own homes in :
Although many people picture red-earth deserts and prickly cactus when they think of Arizona, the state’s landscape is quite diverse. In fact, the state is the sixth largest in the United States, by land mass, and features dramatic changes in elevation levels.
Northern Arizona is the outdoor enthusiast’s dream. The region's towering mountains are thick with pine... Read More
Although many people picture red-earth deserts and prickly cactus when they think of Arizona, the state’s landscape is quite diverse. In fact, the state is the sixth largest in the United States, by land mass, and features dramatic changes in elevation levels.
Northern Arizona is the outdoor enthusiast’s dream. The region's towering mountains are thick with pine forests, perfect for orienteering and hiking. Those mountains lead to more exciting terrain, including the Grand Canyon and a host of other national parks.The below results are primarily rent to own homes in :
As you move south, the land gives way to more iconic desert scenery and some of the state’s biggest cities. There, Phoenix reigns as the state capital and its biggest city. As such, the Phoenix area is home to many Arizona government agencies and state institutions, from the Arizona Supreme Court to Arizona State University. Along with its many suburbs, including Tempe, Scottsdale, Surprise, Gilbert, Chandler and Glendale, the entire Phoenix metropolitan is comprised of 4.3 million residents.
Farther to the south is captivating Tucson and its one million residents. The second largest city in Arizona, Tucson is known as the home of University of Arizona, a lively nightlife and many historic homes.
Buying a Home in Arizona?
The Arizona housing market is recovering from the 2008 economic downturn. Home prices throughout the state increased 9.8 percent in one year, with the median sales price currently at $212,000. New listings are healthy, increasing 7 percent to 8,960 new listings in September 2015. The number of closed home sales also increased this year, but by more than 11 percent. With sales outpacing new listings, the total number of available homes is contracting, making the market a bit more competitive. That competition's evident in the recent quickening of the sales pace, which escalated nearly 17 percent. Sales haven’t been this fast to sell since December 2013.
New construction also continues to rebound, particularly in bustling Phoenix where 3,726 new homes began construction in 2015's second quarter. That figure represents the most quarterly housing starts in Phoenix since 2008. In all, Phoenix's new home construction is expected to grow by 20 percent to 13,000 in 2015.
Luckily, there are still many affordable homes in Arizona. Several Arizona cities ranked in the country’s top 100 for most affordable housing markets, including Tuba City and Coconino County’s Navajo Reservation. Maricopa, Buckeye, El Mirage and San Tan Valley also offer more affordable housing markets.
Popular Neighborhoods in Arizona?
If you enjoy big, suburban cities, Arizona has a number of options. Sprawling Phoenix is the sixth largest city in the nation, and encompasses several appealing neighborhoods. The upscale Biltmore neighborhood is perfect for one-upping the Joneses, but North Central offers a nice mix of older mansions and mature subdivisions.
Tucson isn’t nearly as big as Phoenix, but it has plenty of charming areas. Vibrant and historic streets fill the downtown region, especially Armory Park and Sam Hughes. Mesa’s northeast and northwest neighborhoods offer welcoming subdivisions and a wide range of amenities, and some of the region’s most exclusive homes are found in Mesa’s Arboleda/Legacy area.
Slightly smaller towns are equally attractive, including Gilbert, which was named one of the best places in the country to live. Litchfield Park, Fountain Hills, Paradise Valley and Surprise are also local favorites for their good schools, town amenities and recreation options.
Buying vs. Rent to Own Homes?
If you want a little more flexibility in the way you purchase a home, renting to own is an excellent option. In a conventional home purchase, you would likely need to pre-qualify for a loan, put an offer in on a home, provide proof of financial worthiness and follow-through with a mortgage lender. A rent-to-own situation is usually less complicated, requiring that you and the seller agree on a price, the length of the arrangement and details about which party pays for repairs during the contract period. Credit requirements are usually more relaxed with rent-to-own purchases, and you’ll pay a nominal option fee to begin the process. Generally, you can also move into the home right away, rather than having to wait for escrow to close. You don’t have to make the down payment or finalize a mortgage until the end of the contract, which also gives you more time to wrap up financial issues.
Cost of Living in Arizona?
Living expenses in Arizona are relatively affordable, costing locals about 2 percent more than the national average. Good weather and an abundance of natural power resources contribute to the state’s low utility expenses which are 5 percent more affordable than in the rest of the nation. All other costs are at or slightly above the national average, including healthcare, groceries and transportation. Housing is the biggest expense in the state, but at just 6 percent more costly than in the rest of the U.S., it’s still remarkably economical.
In spite of their size, abundant amenities and high desirability, Phoenix and Tucson are very affordable. The two cities rank in the Top 20 Most Affordable Cities as evaluated by Forbes magazine. Both were noted for their high personal income, economical housing and low cost of living.
Legendary for its Native American culture, stunning Grand Canyon views, high-end resorts, myriad golf courses and Major League Baseball spring training centers, Arizona is a thriving state. Many industries succeed here with numerous respected universities on hand to supply an educated and skilled workforce.
Serving that workforce are a wide range of benefits, from a relatively economic cost of living, affordable housing and a variety of inviting neighborhoods and homes. Young families, recent college graduates and retirees are often attracted to Arizona for its favorable climate and money-saving cost of living that is nearly equal to the national average.
Entertainment, sports and recreation are also prized in Arizona, keeping residents happy and healthy. Combined, these ample features attract many residents from other states, increasing the state’s population more than 5 percent in four years.
Summary
Legendary for its Native American culture, stunning Grand Canyon views, high-end resorts, myriad golf courses and Major League Baseball spring training centers, Arizona is a thriving state. Many industries succeed here with numerous respected universities on hand to supply an educated and skilled workforce.
Serving that workforce are a wide range of benefits, from a relatively economic cost of living, affordable housing and a variety of inviting neighborhoods and homes. Young families, recent college graduates and retirees are often attracted to Arizona for its favorable climate and money-saving cost of living that is nearly equal to the national average.
Entertainment, sports and recreation are also prized in Arizona, keeping residents happy and healthy. Combined, these ample features attract many residents from other states, increasing the state’s population more than 5 percent in four years.