Rent to own Homes in Payson, AZ
Payson sits on top of a ridge known as the Mogollon Rim.This quaint town, out of the heat of the Phoenix area Valley of the Sun, is a weekend destination as well as a vibrant community of full-time residents. The rim provides plenty of opportunity for majestic views, whether you are a hiker or take the auto route, and Payson offers residents a touch of Western flair and pine forests of the Arizona White Mountains.
Payson, AZ is a great place for affordable rent-to-own homes! With a median household income of over $55,303 and a median rent of $985, the Payson, 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 Payson, 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 Payson, AZ Property Resources
Rent to own Homes in Cities Near Payson, AZ
- Bear Flat
- Beaver Valley
- Christopher Creek
- Deer Creek
- East Verde Estates
- Flowing Springs
- Fort Mcdowell
- Freedom Acres
- Geronimo Estates
- Gisela
- Haigler Creek
- Happy Jack
- Hunter Creek
- Jakes Corner
- Kohls Ranch
- Mead Ranch
- Mesa del Caballo
- Oxbow Estates
- Payson
- Pine
- Round Valley
- Rye
- Star Valley
- Strawberry
- Tonto Basin
- Tonto Village
- Washington Park
- Whispering Pines
- Young
Neighborhoods in Payson, AZ
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Payson, AZ is seeing rapid growth and Payson, AZ's' housing market remains not optimal with an average home price that is 16% above the 2024 national average. Payson, AZ is part of Gila 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 Gila is 0.6% which is below the national average, which is 0.99%.
Median Home Price in Payson, AZ
Median Rent in Payson, AZ
Top 5 Reasons to Live in Payson, AZ
Learn about geology! Payson is home to beautiful national forests and state parks. The Sitgreaves National Forest Mogollon Rim Visitor's Center lets you feel as though you are standing in the sky from the safety of the back deck. The Tonto Natural Bridge State Park will have you hiking beneath a huge, naturally formed rock bridge complete with waterfall.
Affordable homes in an ideal location! Payson is an ideal location for getting out of the summer heat of southern Arizona. Neighborhoods here offer plenty to choose from. Whether you rent to own in peaceful Whispering Pines or you are looking for a horse-ready property in Freedom Acres, you will surely find your little slice of paradise in Payson.
Unique and fascinating shops! Payson may be rural, but the shops provide plenty of opportunity for Sunday antiquing or looking for that perfect, unique gift. The Green Mountain Emporium is chock full of just about anything you've been looking for. The Pioneer Village Trading Post offers a similar experience with a Western flair. Locals even say that an episode of Grizzly Adams was shot here.
Enjoy four seasons, even in Arizona! There's no better place to enjoy fall foliage in Arizona than in Mogollon Rim Country. Be sure to take the Rim Road and stop at one of the many scenic vistas to take in the golden aspens. When the weather starts getting cold, and the Sunrise Park Resort seems too far to go skiing, join the adult volleyball league. Check out Payson's Parks and Recreation website for information on other sports leagues.
Home values are rising! According to Zillow, in the last year home values in Payson have risen 4.8 percent. This bodes well for this tiny community, as locals from the Valley of the Sun are discovering the peace, beauty and healthful climate of the rim. Payson also boasts local festivals such as the world's oldest continuous rodeo, the August Doin's and the Gila County Fair.