Rent to own Homes in Avondale, AZ
Avondale is one of the fastest growing cities in Maricopa County. The population is now around 60,000 residents. However, United States Census projections claim the population by 2020 will more than double to 140,000 residents. Two things are fueling Avondale's growth; it is only 15 miles from Phoenix and workers know it is an easy commute from the lovely suburban area. The second is the expected number of retiring Baby Boomers who will retire to the area for the weather and low-cost of living. Businesses are moving to the area knowing there is a reliable source of skilled workers. Avondale enjoys being the home to the Phoenix International Raceway. As the raceway holds several important races throughout the years, racing fans can always be found in the area. Building on its history of auto racing, the Avondale Auto Mall is gaining dealers at a rapid clip and will soon be among the largest auto malls in the United States. Speed shops, custom shops and other car-related retail and service businesses are in high demand. Avondale's Old Town area is also undergoing a major revitalization.
Avondale, AZ is a great place for affordable rent-to-own homes! With a median household income of over $67,886 and a median rent of $1,271, the Avondale, AZ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Avondale, AZ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Avondale, AZ Property Resources
Rent to own Homes in Cities Near Avondale, AZ
Neighborhoods in Avondale, AZ
Avondale Automall rent to own homes Avondale Commerce Center rent to own homes Cambridge Estates rent to own homes Coldwater Springs rent to own homes Corte Sierra rent to own homes Crystal Gardens rent to own homes Crystal Springs rent to own homes Del Rio Ranch rent to own homes Dysart Ranch rent to own homes Fulton Estates rent to own homesPopular Zip Codes in Avondale, AZ
85329 rent to own homes 85323 rent to own homes 85392 rent to own homesBuying a Home in Avondale, AZ
Avondale, AZ is seeing rapid growth and Avondale, AZ's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Avondale, AZ is part of Maricopa county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Maricopa is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Avondale, AZ
Median Rent in Avondale, AZ
Top Reasons to Live in Avondale AZ
Housing Statistics The latest census counted 11,412 residences, counting private homes and rental units in Avondale. Of these, 7,150 residences are owner occupied. Renters live in 4,200 units. The approximate median value of a condo or home in 2011 was $115,400. Median gross rent paid by renters in Avondale in 2011 was $1028. Homes listed for sale are on the market an average of 32 days with a median listing price of $164,420. Avondale real estate listings show about 200 listings for rent to own homes. They consist of short sales and investor properties available for direct rental or with a rent to own option.
Avondale Transportation and Commuting The city is mostly a bedroom community with most employed folks commuting to Phoenix. Avondale Valley possesses an excellent freeway system. Generally, traffic flows at the speed limit. The government seems determined to prepare for the region's growth. A long-term project on I-10 has been a source of commuter irritation for years. It seems that work is beginning to wind down, and this one bottleneck is almost over. Once complete, the I-10 will be able to carry anticipated rush hour traffic without delays.
Local Events and Festivals The city is placing an emphasis on attracting new business and new patrons and keeping existing customers and companies in its Old Town district. Beginning in 2012, the city began an ambitious re-branding project for the historic downtown area. Locals have referred to the area as Old Town for years. Now, the official designation is Historic Avondale. It is more than a name change though. Plans call for improving storefronts, adding art galleries, building or renovating existing buildings so they are energy-efficient. The first stage of the revitalization is complete. The Sam Garcia Western Avenue Library opened in 2008. It cost $6.2 million and added is a 12,500 multi-purpose space.
Art and Culture
Western Avenue Art Walk Designed to increase the appreciation of local artists and craftspeople, every Thursday the businesses on Western Avenue in Historic Old Town host Avondale's Thursday Art Walk, This ongoing event showcases local artists who show their work in retail store and restaurants along Western Avenue. Western Avenue is part of the lovely Historic Business District.
Theater Phoenix and other Avondale Valley cities are just minutes away, and on any given Saturday evening residents of Avondale are theater bound.Arizona Broadway Theatre This is Arizona's major producer of community theater. Productions are offered in a dinner theater where the cuisine is just as good as the shows. Musicals, drama, and comedy are offered through single show ticket sales or subscriptions and are performed at the production company theater in Peoria, Arizona.