Rent to Own Homes in Casa Grande
The below results are primarily rent to own homes in Pinal County, AZ:
Casa Grande , AZ 85222
3 Bedrooms, 1 Baths
Queen Creek , AZ 85243
3 Bedrooms, 2 Baths
Maricopa , AZ 85238
4 Bedrooms, 2 Baths
Maricopa , AZ 85239
Queen Creek , AZ 85243
3 Bedrooms, 2 Baths
Maricopa , AZ 85238
Founded in 1879 as a mining town, Casa Grande, Arizona is located almost halfway between the busy cities of Phoenix and Tucson. With a population of just over 48,000, Casa Grande city boasts an arid climate with highs in the summer regularly reaching 116 degrees. Casa Grande's colorful history includes habitation by the prehistoric Hohokam Native American people. The Hohokam built the Casa Grande Ruins which gave the city its name, and the ruins are now a national monument. Originally known as Settlement Casa Grande, the city still retains the influences of its past in local architecture.
Casa Grande also has many links to semi-pro and professional baseball. Aside from being the spring training home of the San Francisco Giants, the city also boasted its own team in the 1940's named the Casa Grande Cotton Kings. The team was named after one of the city's biggest industries, and Casa Grande cotton and dairy farms are an important part of the local economy to this day.
The local government in Casa Grande operates under the auspices of the Casa Grande Municipal Court, which also oversees the management of many city properties such as the Casa Grande Public Library. Many current residents of Casa Grande commute to work in either Tucson or Phoenix.
Buying a Home in Casa Grande
There are more than 11,000 homeowners in Casa Grande and the median price of a home is approximately $110,000. This number of homeowners only accounts for about half of the homes in Casa Grande, however, creating an attractive proposition for those looking to buy a residence. The average monthly mortgage payment in the city is almost $1,200 which could encourage some first-time buyers to seek out non-traditional methods of home ownership.
Those considering buying a home in Casa Grande should research the local crime rates, as some neighborhoods are significantly higher in this regard. The local school system rates slightly below par when compared to other school districts in the state.
Popular Neighborhoods in Casa Grande
Being home to a significant number of retirees and older couples, most neighborhoods in Casa Grande tend to be quiet and well-kept. This is particularly true of the W. McCartney Rd. and N. Cox Rd. neighborhood. This neighborhood occupies the northern center of the city and is overwhelmingly populated by individuals in the 45-65 year old age group. Most are married couples. This is an upscale neighborhood with homes priced far above the Casa Grande median.
Located on the eastern border of Casa Grande, the N. Peart Rd. and E. Cottonwood Ln. neighborhood is home to a significant number of college students and young married couples. While not as quiet as other neighborhoods in the city, this is a hip and trendy area that will suit many couples that are first-time home buyers.
Buying vs. Rent to Own Homes
Cities which boast a larger number of expensive homes can present qualifying challenges for the new home buyer. Casa Grande is no exception. Some of those who are choosing to settle here have found rent to own homes to be an attractive option. With monthly costs that can be less than those of a traditional rental, residents reap the added benefit of having a portion of their rent applied toward the purchase of the home. A rent to own home also offers more freedom for the home buyer. If circumstances necessitate a move, those in a rent to own home avoid the pressure of trying to sell their home in a difficult market.
Cost of Living in Casa Grande
Housing in particular is considerably more affordable in Casa Grande than it is across the United States. The cost of living index for housing is 27% less than the national average and 21% lower than other cities in Arizona. The cost of goods and services ranks slightly lower than that offered by most U.S. cities, while healthcare and utilities are on a par with national averages. Groceries tend to be slightly higher in Casa Grande. The median yearly income of the city is roughly $40,000.
For those who love plenty of sunshine and wide open spaces, Casa Grande offers many affordable housing options. With a vibrant local economy, good school system, and a culturally diverse demographic, this city will especially appeal to retirees who are looking for a change of scene. The city’s rich history is one of the most interesting in the American Southwest, and a strong local cultural arts community works to preserve the city’s heritage through various festivals and events.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
Reported Annual Crime In Casa Grande