Rent to own Homes in Goodyear, AZ
When you hear the name Goodyear, the first thought that probably comes to mind is about the tires on your car or the Goodyear Blimp. But in addition to being the name of a tire company, Goodyear is also the name of the city that was originally just 16,000 acres of land purchased for growing cotton for tire tread for the Goodyear Tire and Rubber Company. Goodyear officially became a city in 1986 and has grown rapidly ever since. In fact, its population continues to grow so fast that the town is expected to have more than 350,000 residents by 2035. If you want to live in a rent to own house, a rental apartment, or a house to buy, Goodyear's a great place to look.
Goodyear, AZ is a great place for affordable rent-to-own homes! With a median household income of over $85,217 and a median rent of $1,435, the Goodyear, 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 Goodyear, 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 Goodyear, AZ Property Resources
Rent to own Homes in Cities Near Goodyear, AZ
Neighborhoods in Goodyear, AZ
Airport Commercenter rent to own homes Canyon Trails rent to own homes Canyon Trails South rent to own homes Canyon Trails West rent to own homes Centerra rent to own homes Pueblo Verde rent to own homes Cottonflower rent to own homes Estrella Vista rent to own homes Goodyear Planned Regional Center rent to own homes Las Brisas rent to own homesBuying a Home in Goodyear, AZ
Goodyear, AZ is seeing rapid growth and Goodyear, AZ's' housing market remains not optimal with an average home price that is 43% above the 2024 national average. Goodyear, 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 Goodyear, AZ
Median Rent in Goodyear, AZ
Top Reasons to Live in Goodyear AZ
Housing Part of the original appeal of Goodyear was that around the year 2000, this far west suburb of Phoenix had very affordable housing. The median home price for Goodyear during May to July 2013 was $222,765, which was a year-over-year increase of 27 percent. Goodyear's median price is slightly above the national median of $208,000, which reflects the popularity of this growing area.
Outdoor Activities Even though temperatures in Goodyear and the rest of the Phoenix area stay above 100 degrees during most of the summer, residents don't hide indoors with the air conditioning. Goodyear residents love outdoor recreation, and the city provides ample opportunities to enjoy it. Local sites for outdoor recreation include the Canyon Trails Recreation Center, Foothills Community Park, the Goodyear Ballpark and a 35-acre community park on Litchfield Road.
Transportation and Commutes Chances are if you live in Goodyear, you'll want to get into and out of Phoenix a lot. Therefore, most residents have their own cars, which allow them to travel into and out of the bigger city at their convenience. Local carpool programs exist, as well as buses. However, residents say if you want the freedom to get around on your own schedule, you may want to depend on your own set of wheels.
Neighborhoods Although Goodyear is a small but growing suburb, there are still a number of distinct neighborhoods, each with a mix of rent to own houses, rental apartments and places to purchase. In general, Goodyear is a very safe town, so none of the neighborhoods are considered bad.