Rent to own Homes in Eloy, AZ
Eloy, AZ is a rapidly growing city in Pinal County with a population of 17,700 and counting. The community is a place where you can enjoy views of the Sonoran Desert in the morning and skydive in the afternoon. Eloy is a small town with big amenities -- great housing quality, plenty of opportunities for outdoor recreation and a close-knit atmosphere. Since the city is less than an hour from Tucson and just over an hour from Phoenix, residents can shoot off for some urban fun anytime.
Eloy, AZ is a great place for affordable rent-to-own homes! With a median household income of over $37,405 and a median rent of $765, the Eloy, 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 Eloy, 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.
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Eloy, AZ is seeing rapid growth and Eloy, AZ's' housing market remains optimal with an average home price that is -50% below the 2024 national average. Eloy, AZ is part of Pinal 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 Pinal is 0.84% which is below the national average, which is 0.99%.
Median Home Price in Eloy, AZ
Median Rent in Eloy, AZ
Top 4 Reasons to Live in Eloy, AZ
Go on an adventure! Whether it's testing your swimming skills at Eloy Aquatics Center or trekking through Picacho Peak State Park, you'll find plenty of invigorating activities in the City of Eloy. Perhaps most notable is Skydive Arizona, which offers skydiving excursions for all levels. With one of the largest drop areas in the world, thanks to Eloy's 71.7 square miles of land, this skydiving venue is one of the nation's most thrilling. Saguaro National Park, which is known for its beautiful cacti, is just a short distance away as well.
Get a new home! More than 35 percent of the housing units in Eloy were built after 1999, and this number is expected to increase because several developments are planned for the future. This means shoppers can find a brand new house for sale quite easily. Many new homes can be found just north of the town's center, near the Eloy Municipal Airport and Sky Rider Inn and Suites.
Enjoy a memorable feast! You don't have to make the drive to Tucson or Phoenix to treat yourself to awesome food. Great flavor is right here in Eloy. One of the town's most famous eateries is Bent Prop Saloon and Cookery; they cook up world-class pizzas and have burgers that can't be missed. Encore Drive-In, which serves everything from tacos to ice cream, is great if you're looking to get something good quick. Robson Ranch Grill makes for a wonderful dining experience because it offers an excellent view of the vast desert and mountain range.
Rent or buy with ease! Eloy welcomes new residents who are looking for rental homes or properties that are for sale by owner. Nearly 63 percent of residents own their own home while about 37 percent rent. Those looking to purchase can't go wrong with the Robson Ranch community, and those looking for rent to own homes should search in the town's center, near Trekell Park.