Rent to Own Homes in Kingman
Kingman is a city of 29,000 and the county seat of Mojave County in western Arizona. Phoenix... Read More
Kingman is a city of 29,000 and the county seat of Mojave County in western Arizona. Phoenix is less than 200 miles to the southeast, and Las Vegas is just 100 miles to the northwest. The city of Flagstaff, Lake Meade National Recreation Area, and Grand Canyon National Park aren’t far away either. And only 60 miles to the south is Lake Havasu State Park, a welcome oasis where visitors enjoy camping, boating, hiking, swimming, and just relaxing on the beach.The below results are primarily rent to own homes in Mohave County, AZ:
Kingman is a city of 29,000 and the county seat of Mojave County in western Arizona. Phoenix... Read More
Kingman is a city of 29,000 and the county seat of Mojave County in western Arizona. Phoenix is less than 200 miles to the southeast, and Las Vegas is just 100 miles to the northwest. The city of Flagstaff, Lake Meade National Recreation Area, and Grand Canyon National Park aren’t far away either. And only 60 miles to the south is Lake Havasu State Park, a welcome oasis where visitors enjoy camping, boating, hiking, swimming, and just relaxing on the beach.The below results are primarily rent to own homes in Mohave County, AZ:
The city was founded in 1882, even before Arizona gained statehood. It was named after Lewis Kingman, a surveyor who worked for the railroad at the time. Kingman Army Airfield was established there at the beginning of World War II as a training base, and it is now Kingman Airport, a city-owned, public-use airport.
Buying a Home in Kingman
At $125,400, the median cost of a home in Kingman is 32 percent below the national average. Listings for homes currently range from $39,950 to $690,000. About 68 percent of the residential real estate is owner occupied. Overall, the cost of living is 13 percent below the national average.
Approximately 46.5% of Kingman’s residents are married, and the median age is 42.7. The median household income is about $43,000.
One public school district, Kingman Unified School District, serves the city. It is comprised of 12 schools. Also serving Kingman is Kingman Academy of Learning, a charter school, which is actually divided into four different schools from pre-K to high school. GreatSchools rates the schools from 3 to 8 (out of 10), so families with children should investigate the schools when shopping for a neighborhood.
Popular Neighborhoods in Kingman
The Kingman area is comprised of ten different neighborhoods. The residential real estate in the Getz neighborhood, just east of the city center, is primarily made up of medium- to large-sized single-family homes and apartment complexes. Most residences are owner-occupied, and many were built after 1970. It is a middle-income neighborhood, and the average home cost is about $204,700.
On the west side of the city is the Shadow Mountain CT/Rock Hills Dr. neighborhood. This includes both city and rural area, and the residential real estate is made up of medium- to small-sized single-family homes and mobile homes. It is a lower-middle-income neighborhood; the median home cost is approximately $162,000.
Buying vs. Rent to Own Homes
Since buying a home requires pre-qualification and a down payment, rent-to-own arrangements are becoming more and more popular. In a rent-to-own plan, a portion of each month’s rent is put toward a down payment to eventually buy the home. The advantage is that it doesn’t require a large outlay of cash, and those who rent can look forward to becoming proud homeowners. So if the beautiful desert scenery and low cost of living sound appealing, it might be worthwhile to check out this option.
Summary
The western United States is indeed full of beautiful landscapes. And many prefer the dry, desert air for health reasons. Kingman’s proximity to cities like Phoenix and Las Vegas means that big-city amenities are never far away. And the world-famous natural scenery of the southwestern United States is literally in the backyard. If you are searching for a place to settle and put down roots, Kingman is worth a look.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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