Rent to Own Homes in Buckeye
Buckeye is the westernmost suburb of Phoenix, located about 36... Read More
Buckeye is the westernmost suburb of Phoenix, located about 36 miles from the city center. In the mid-1880s, Malin M. Jackson traveled to the area and developed about 10 miles of the Buckeye Canal, which he named after his home state of Ohio, “The Buckeye State.” The city of Sidney – named after Malin’s hometown – was established in 1888, but because of the significance of the canal, it was changed to Buckeye in 1910. It officially became a city in 2014.The below results are primarily rent to own homes in Maricopa County, AZ:
Buckeye is the westernmost suburb of Phoenix, located about 36... Read More
Buckeye is the westernmost suburb of Phoenix, located about 36 miles from the city center. In the mid-1880s, Malin M. Jackson traveled to the area and developed about 10 miles of the Buckeye Canal, which he named after his home state of Ohio, “The Buckeye State.” The city of Sidney – named after Malin’s hometown – was established in 1888, but because of the significance of the canal, it was changed to Buckeye in 1910. It officially became a city in 2014.The below results are primarily rent to own homes in Maricopa County, AZ:
Along with its proximity to Phoenix, Buckeye is about 170 miles from Flagstaff and less than a four-hour drive to such places of natural beauty as Sedona, Lake Havisu, and the world famous Grand Canyon. And Las Vegas, San Diego, and Tijuana, Mexico can all be reached in about five hours by car.
Buying a Home in Buckeye
The median home price in Buckeye is $176,500, which is about 5 percent below the national average. Current home listings range from $154,500 to $498,500, and nearly 73 percent of the residential real estate is owner occupied. There are currently about 30 master planned communities for the city. Overall, the cost of living is about five percent below the national average.
The median age of Buckeye’s residents is 31.5, and approximately 54 percent of the population is married, so it’s a good place for young couples and families. Job growth is positive, and expected to be nearly 40 percent over the next ten years.
Buckeye has a hot desert climate and lots of sunshine; average high temperatures are 68 in January and 108 in July. Average annual rainfall is about 8 inches, with August being the rainiest month.
With a total area of 392 square miles, it’s no surprise that seven different school districts serve the Buckeye area. GreatSchools rates the schools from 3 to 9 (out of 10), so families with school-aged children should definitely investigate the schools when shopping for a neighborhood.
Popular Neighborhoods in Buckeye
Of Buckeye’s 12 constituent neighborhoods, one of the newest is the N 195th Ave/W Indian School Rd. area. The homes are not only newer, but noticeably large. The residential real estate is primarily medium- to large-sized single-family homes and mobile homes, and most is owner occupied. The median home price is about $351,000.
The northernmost neighborhood is the W Jomax Rd/N 243rd Ave. area. The real estate is mainly small- to medium-sized single-family homes and mobile homes, most is owner occupied, and most residences were built after 2000. The median home price is about $324,000.
Buying vs. Rent to Own Homes
Perhaps Buckeye is already calling to you with its western charm and bustling activity. But getting financing for a home can be difficult. Many are taking advantage of rent-to-own plans. A part of each month’s rent goes toward a down payment to eventually buy the home. For the tenants, there is the real possibility of becoming proud homeowners.
Summary
Buckeye’s population growth means that it’s a city on the move. Shopping, dining, and entertainment possibilities continue to increase, not to mention employment opportunities. The beautiful desert setting, proximity to Phoenix, and family-friendly neighborhoods make it a place well worth considering.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
- 85326
- 85396