Rent to own Homes in Yuma, AZ
Located on the border between California and Arizona, Yuma has a beautiful desert landscape that sits next to the roaring Colorado River. Chosen originally for its location at the narrowest part of the river, Yuma has expanded to an impressive 94,064 people. An astounding 85,000 retirees maintain winter residences here, since the mild winter season is particularly appealing for older folks who don't care for shoveling snow. There is also a large military contingency, with the Marine Corps Air Station in the county. Yuma enjoys a low cost of living, which brings in families and young folks at all income levels, resulting in a diverse population. The rich cultural heritage and historical landmarks also attract history buffs, along with those who simply desire a charming spot to settle down and raise a family.
Yuma, AZ is a great place for affordable rent-to-own homes! With a median household income of over $52,183 and a median rent of $917, the Yuma, 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 Yuma, 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 Yuma, AZ Property Resources
Rent to own Homes in Cities Near Yuma, AZ
Neighborhoods in Yuma, AZ
Modesti rent to own homes Hettema Estates rent to own homes Galahad Manor rent to own homes Valle Sereno rent to own homes Carnes Amended rent to own homes Driftwood Condos rent to own homes San Carlos rent to own homes La Mesa Hermosa rent to own homes Sunbeam rent to own homes Picacho Vista rent to own homesBuying a Home in Yuma, AZ
Yuma, AZ is seeing rapid growth and Yuma, AZ's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Yuma, AZ is part of Yuma 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 Yuma is 0.63% which is below the national average, which is 0.99%.
Median Home Price in Yuma, AZ
Median Rent in Yuma, AZ
Top Reasons to Live in Yuma AZ
Housing Statistics Yuma was hit dramatically by the housing market crash. Since home values are still trying to recover, it's the perfect time to pick up an inexpensive residence that will eventually flourish in better times. The average home price in 2013 between January and March was $116,246, much less expensive than many parts of the country. The median price was $94,732 for the same time period. Yuma experienced a population surge of 3 percent since 2010, so more people are taking advantage of the affordable market. Currently, 44 percent of homes are owned, 28 percent are rented and 28 percent are vacant. This is an unusually high rate of vacancy, but it allows buyers a wealth of options to find the perfect home. For those hoping to own a home but not yet in a position to purchase, renting to own may be the perfect solution. Rent to own houses allow families to invest in property without wasting money on a rental.
Local Restaurants There is a wide selection of tasty eateries in Yuma, from the downtown area to the more remote locations. Fine dining and inexpensive quick bites are equally available, and locals love to eat out as often as they stay home. The Das Bratwurst Haus is a German-style pub that features schnitzels, potato salad, and a variety of German beers. It's extremely popular with locals. For Mexican fare, Tacos Mi Rancho is known for its carne asada and tacos, though the daily specials are often the best choice. River City Grill offers classic American food made hot off the grill, while Ironwood Steak House is an upscale dining establishment with fine cuts of meat and high quality seafood.
Nightlife Yuma tends to be a bit sleepy once the sun goes down, as many of the folks who live here are either retirees or families that don't frequent bars or clubs very often. However, there are still options for those raring to go. Strummer's Village Tavern not only has a full bar, several beers on tap and great food, but it also has live music. Pop a Top Saloon has karaoke and billiards, while Club Pulse is the lone dance club, with a DJ, dance floor and drink specials.
Neighborhoods in Yuma Yuma is a popular location for just about any type of person, from the very young to the very retired. Though the home values have sagged, the likelihood of a comeback is certain, and it's best to purchase a new home while sales are in the buyer's favor. Inexpensive housing, low cost of living and plentiful amenities make Yuma a fantastic place to settle. Yuma has several small areas, some of which include the following: