Back in the 1800s, Glendale was located in the middle of nowhere. It was just a town in the desert, and the land was initially considered worthless when it was sold to a New Yorker in exchange for him developing the 40-mile Arizona Canal. Eventually, though, Glendale became a temperance colony that attracted settlers from all around. Today, Glendale is a long way from those desert beginnings. As a major suburb of Phoenix, it's home to 226,000 people and its population has grown by 5.42 percent since 2000. There are a lot of good reasons that so many people are flocking to Glendale and the greater Phoenix area. Anyone who is sick of the long winters in the Northern part of the country is happy to discover that winter is completely non-existent in this area. The economy remained strong even throughout the recession of 2008. Although the rapid job growth that the area experienced in the 1990s and early 2000s did eventually level off, the area hasn't experienced the same devastation of its job market that some parts of the country did.
Glendale, AZ is a great place for affordable rent-to-own homes! With a median household income of over $56,991 and a median rent of $1,051, the Glendale, 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 Glendale, 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.
Glendale, AZ is seeing rapid growth and Glendale, AZ's' housing market remains not optimal with an average home price that is 6% above the 2022 national average. Glendale, 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 2022 for county Maricopa is 0.59% which is below the national average, which is 0.99%.
Glendale, AZ has a walk score of
Glendale, AZ has a bike score of
The state tax rate is 2.59 to 4.5% on top of the federal tax rate of 10 to 37%.