Rent to own Homes in Florence, AZ
Florence, AZ has a small-town feel, a preserved Main Street and spectacular desert scenery that was featured in the movie Murphy's Romance. While the city had a population of 25,536 in the 2010 census, its proximity to Phoenix -- only 61 miles away -- makes it a great option for those who enjoy a relaxed setting that is within a short drive of a large metropolitan area. For those who enjoy warm sunny days throughout the winter, Florence averages 66.2 Fahrenheit during January.
Florence, AZ is a great place for affordable rent-to-own homes! With a median household income of over $58,363 and a median rent of $827, the Florence, 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 Florence, 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 Florence, AZ Property Resources
Rent to own Homes in Cities Near Florence, AZ
- Apache Junction
- Blackwater
- Cactus Forest
- Casa Blanca
- Casa Grande
- Chandler
- Coolidge
- Eloy
- Florence
- Gilbert
- Gold Canyon
- Goodyear Village
- Lower Santan Village
- Mesa
- Queen Creek
- Queen Valley
- Sacaton
- Sacaton Flats Village
- San Tan Valley
- Stotonic Village
- Sun Lakes
- Sweet Water Village
- Upper Santan Village
- Wet Camp Village
Neighborhoods in Florence, AZ
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85191 rent to own homesBuying a Home in Florence, AZ
Florence, AZ is seeing rapid growth and Florence, AZ's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Florence, 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 Florence, AZ
Median Rent in Florence, AZ
Top 6 Reasons to Live in Florence, AZ
Enjoy historic architecture! At the McFarland State Historic Park, visitors can see the city's original courthouse and other buildings that have been preserved from the Arizona Territory era. The Pinal County Courthouse was first built in 1878, and it's listed on the National Register of Historic Places. Overall, Florence has more than 25 buildings that are on the register, and prospective homeowners may find rent to own homes among the list.
Property prices are incredibly affordable! The average price for a new home in Florence in 2014 was $120,00. Because the average price for property has decreased by about $15,000 from 2013 to 2014, it's a buyer's market. Florence is the hub of Pinal County and home to the Arizona State Prison complex, which employs more than 1,000 people.
Great community events! Visitors come to Florence from all over the world to attend the annual Country Thunder festival. The concert is the largest outdoor country music festival in the Southwest and occurs every April. The town also hosts the Junior Parada, the world's oldest rodeo, which takes place over the Thanksgiving weekend and includes a parade.
Beautiful outdoor spaces! Florence and the surrounding areas are filled with ancient heritage sites, like the Casa Grande Ruins National Monument. The reserve was first established in 1892 and pays homage to the Sonoran Desert People who used to call the area home. The Pinal County Historical Society and Museum has an extensive collection of artifacts on display, like saguaro cactus furniture and ranch and cowboy displays.
Rich cultural centers and recreational opportunities! The St. Anthony Monastery is 1 of 10 in North America that was started by Father Ephraim. For flying enthusiasts, the Florence Aero Modelers hosts a model airplane club. Guests and members can use the full-service facility to race or take in the festivities.
Growing community! Florence is home to the second Anthem in the state. The planned housing development is only six miles from the downtown area. Central Arizona College provides residents with educational opportunities, and an Arizona State University Distance Learning Center is within the Anthem area.