Overview

Phoenix is the largest capital city in the U.S. and one of the most unique, thanks to long-time resident Frank Lloyd Wright. Until Wright’s death in 1959, the architect designed more than 1,000 structures in the city, giving it a unique architecture and style still prominent today. 

Known for year-round sunshine and great weather, Phoenix is also home to some of the best golf courses in the US, and a plethora of cultural and artistic attractions.  Families enjoy visiting the Phoenix Zoo and Botanical Gardens while the amazing bars entice the younger crowds. Plenty of art galleries, museums, and entertainment are available in the city. Phoenix Sky Harbor International Airport helps residents reach all their destinations. An abundance of opportunities for work and play also makes Phoenix desirable.

1436 Listing Found in Phoenix, AZ

Buying a Home in Phoenix

Single-family homes, apartments, lofts, and condos compose the city of Phoenix. The average median sales price for a single-family home in Phoenix is $320,000. Home prices in Phoenix continue to rise as people discover the amazing qualities the city offers its residents. In one year, the cost of buying a home in Phoenix increased by $40,000. 

This surge in home prices continues today. Home prices are expected to surge again in mid-2021. Rent-to-own home options provide the opportunity to lock in housing prices now before the next real estate boom.

Best Neighborhoods in Phoenix

Downtown Phoenix maintains popularity as one of the city’s best neighborhoods.  Filled with entertainment, bars, art galleries, businesses, and a host of retailers, downtown Phoenix is vibrant and paves the way for easy-living with amenities within walking distance. 

Buyers searching for an upscale style of living cannot go wrong with a Biltmore neighborhood home. Mid-rise towers fill the lush gated community here, with all the extravagant extras thrown in that make life grand.  Sunnyslope is another popular Phoenix neighborhood known for its historic properties.

Buying Vs. Rent to Own Homes

Buying a home requires you to have a large down payment, closing costs, and a plethora of miscellaneous fees.  You must also have good credit in order to qualify for mortgage approval. Not ready yet but love the idea of buying a home? Consider rent-to-own instead. Utilizing an RTO option is great for buyers in Phoenix. With continually climbing housing prices, using this option locks-in today’s prices. But that benefit is one of many that RTO offers to buyers. Buyers pay a small option fee to start the contract and then have time to save up for a down payment or build their credit score. Buying a home is less financially stressful when engaging in this type of scenario.

Cost of Living in Phoenix

Good news for homebuyers searching for a great place to live that also offers affordability! 

The cost of living in Phoenix is 5% lower than the national average. Transportation costs 8% less than the national average in Phoenix while utilities, housing, and groceries ranked in at 5% less. Phoenix residents even pay an average of 3% less for healthcare than people elsewhere in the country. On average, Phoenix residents earn an hourly wage of $24.74 per hour, more than $1 more than the national average.  Living in Phoenix is affordable and comfortable, no matter your lifestyle or budget. 

Summary

Phoenix offers residents beautiful neighborhoods, plentiful activities, great weather, and an affordable cost of living. There is no shortage of educational and work opportunities available, although finding a home may prove difficult considering the popularity of the city. Act fast to find the home of your dreams. Phoenix has a multitude of properties that fit every budget and need, whether you want a historic or Victorian-style home or prefer something with more modern appeal. 

Rent-to-own options give buyers more time to plan on the purchase without missing out on the home. Find properties scattered about Phoenix. Using the RTO allows buyers to avoid the traditional buying process which does not always suit the needs of every person. Rent-to-own gives buyers more time and helps when buying a home. 

Rent to Own Realtors in Phoenix

Do not call the local realty company if RTO appeals to you. Realtors steer clear of rent to own homes because they do not produce an immediate profit. As someone working on commission, realtors demand immediate profit or it becomes more time-consuming than profitable. 

While rent-to-own listings may be unavailable from realtors, we have them for you. Sellers often choose RTO because the many benefits it provides to them are very lucrative. These contracts allow you to rent the property with the option to buy at the end of the contract. Most of these contracts expire within three years. If the idea of homeownership appeals to you but there are still things stopping you from moving forward, consider the RTO option. 

You’ll secure today’s housing pricing while providing yourself with time to save up money to apply toward the down payment and time to improve your credit so getting approved for a mortgage is not a problem.

Once you pay the option fee and determine the contract end date, the home is yours to enjoy. You’ll pay a premium fee with the rent payment each month. The premium fee is then applied to the down payment when you buy the home at the end of the contract. 

About Our Listings

Our rent-to-own listings include foreclosures, for sale by owner properties, and more. Access the database of properties any time you’re ready, all at no charge.  Many of the property owners work with people with all credit types and have available several options. If the dream of owning a home entices you, consider the alternative to buying and living the American dream in Phoenix, Arizona.