Rent to own Homes in El Mirage, AZ
El Mirage once lived up to its name as a rural farmland town with crops growing strong in the flat west desert landscape that sits at the edge of West Phoenix, Arizona. Today, however, this small mirage of a town is the gateway to the Northwest Valley of the greater Phoenix Metropolitan area and has witnessed a 400 percent growth rate in the past five years, making this once rural area one of the fastest growing communities in the Valley of the Sun.
El Mirage, AZ is a great place for affordable rent-to-own homes! With a median household income of over $59,975 and a median rent of $1,308, the El Mirage, 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 El Mirage, 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 El Mirage, AZ Property Resources
Rent to own Homes in Cities Near El Mirage, AZ
Neighborhoods in El Mirage, AZ
Arizona Brisas rent to own homes Dysart Ranchettes rent to own homes Dysart Cactus rent to own homes Parque Verde rent to own homes Pueblo El Mirage rent to own homes Rancho El Mirage rent to own homes Rancho Mirage rent to own homes East Downtown El Mirage rent to own homes West Downtown El Mirage rent to own homes El Mirage rent to own homesPopular Zip Codes in El Mirage, AZ
85335 rent to own homesBuying a Home in El Mirage, AZ
El Mirage, AZ is seeing rapid growth and El Mirage, AZ's' housing market remains optimal with an average home price that is -19% below the 2024 national average. El Mirage, 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 El Mirage, AZ
Median Rent in El Mirage, AZ
Top 5 Reasons to Live in El Mirage
AZ is a Tax Friendly State! According to Kiplinger, Arizona is the sixth most tax friendly state in America. Not only is the state income tax just 2.59 to 4.54 percent, but also the median property tax on a home valued at the median of $187,800 is $1,356. The most desirable neighborhoods to live in are the City Center and Agua Fria.
Home Values are Exploding! The median home value in El Mirage has increased rapidly at 6.8 percent to $132,100 and is expected to continue rising 4 percent in the next year. With the market for rent to own homes on the rise, look to an area like North El Mirage Road and North Dysart Road.
Great Local Activities! Enjoy a great round of 18 at the challenging Pueblo El Mirage RV & Golf Resort. Either hit the course for a complete round or practice your shot at the on-site driving range. Visit Big Foot Custom Golf Carts to get a souped-up ride for the course like a Hummer or Bentley Golf Cart.
The Best Food in the State! Rated as one of the best Mexican restaurants in the region, Humberto's Taco Shop may not look like much from the outside, but the funky vibes and delicious burritos have won over thousands of fans. Head to Mario's Pizza to watch the Arizona Cardinals play on Sunday while munching on a delicious pie. If you want to buy your fruit and veggies locally grown, head over to the weekly Farmers Market, held from September until April of every year, which features great local and organic food from neighborhood farms and vendors.
Excellent Outdoor Recreation! Within El Mirage, residents have free access to four parks. Head to Gateway Park for excellent walks that wrap around the El Mirage River or to play baseball at one of the five athletic fields. Get out of the house and enjoy a picnic lunch under the gazebo at Bill Gentry Park.