Rent to own Homes in Flagstaff, AZ
Flagstaff is a small Arizona town north of Phoenix and south of the Grand Canyon National Park. Flagstaff is physically beautiful. It's located next to the largest Ponderosa Pine Forest in America and the highest mountain range in Arizona. Today, the major business in the city is distribution; it's a hub for Nestle, Purina, and Walgreens. Flagstaff is also home to the Lowell Observatory. The city is a draw for tourists, as well as residents, since it's so close to the Grand Canyon. Flagstaff also offers a great range of housing options - from rent to own houses, to rental apartments, to homes to purchase.
Flagstaff, AZ is a great place for affordable rent-to-own homes! With a median household income of over $58,685 and a median rent of $1,286, the Flagstaff, 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 Flagstaff, 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 Flagstaff, AZ Property Resources
Rent to own Homes in Cities Near Flagstaff, AZ
Neighborhoods in Flagstaff, AZ
Anasazi Ridge rent to own homes Cheshire rent to own homes Boulder Point rent to own homes Elk Run rent to own homes Northern Arizona University rent to own homes Fox Glenn rent to own homes Grandview Homes rent to own homes Boulder Ridge rent to own homes Universtiy Heights rent to own homes Industrial Park rent to own homesBuying a Home in Flagstaff, AZ
Flagstaff, AZ is seeing rapid growth and Flagstaff, AZ's' housing market remains not optimal with an average home price that is 67% above the 2024 national average. Flagstaff, AZ is part of Coconino 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 Coconino is 0.5% which is below the national average, which is 0.99%.
Median Home Price in Flagstaff, AZ
Median Rent in Flagstaff, AZ
Top Reasons to Live in Flagstaff AZ
Housing in Flagstaff If you want to move to Flagstaff, you're in luck, because there's a good mix of rental housing options, as well as homes to buy, so no matter what type of home you're looking for, there's a good chance you'll find it. About 12% of homes in Flagstaff are vacant, so you might find what you're looking for off the bat. Also, 27% of the homes there turn over annually, so if you don't find what you're looking for the first time around, chances are you could find it within a year. If you're looking for a home to buy, the median home sale price is about $260,000. About 706 homes sell per 6 months. If you want to rent a home, the median gross rent is about $1,000 per month.
Nightlife So many people associate Flagstaff with the outdoors, but there's lots of exciting stuff to do indoors in Flagstaff, as well. There's a good selection of dive bars serving up cold brews and cheap well drinks. If you want something casual at night, try Hops on Birch or Flagstaff Brewing Company. Both are local favorites. If you're into something fancier, Rendezvous Martini Bar offers delicious cocktails, and Wine Loft offers a great wine list, a calm atmosphere, and board games you can play.
Local Restaurants You can eat well in Flagstaff, too. Tinderbox Kitchen is a favorite among locals; it offers upscale American food and a nice atmosphere. Pizzicletta is a great Italian choice in town. Residents go there to eat the city's best pizza. For something a little more adventurous, try Madrid Tapas Y Sangria. You can get a bite of Spanish food and delicious Sangria in an authentic atmosphere.
Neighborhoods Flagstaff has many interesting neighborhoods. Here are some you need to know about: