Rent to own Homes in Peoria, AZ
Listed in the "Top 100 Places to Live" in a 2008 edition of Money magazine, Peoria - which is northwest of Phoenix - is home to the second largest lake in the state of Arizona. The Lake Pleasant Regional Park in Peoria boasts two marinas and numerous recreational outdoor activities. Historical museums, fine art galleries, and unique attractions, including the Challenger Space Center, make Peoria the incredible city that it is. Performing arts venues - such as the Theater Works and the Arizona Broadway Theater - are located in central Peoria and are considered the hub of the city's colorful cultural scene.
Peoria, AZ is a great place for affordable rent-to-own homes! With a median household income of over $76,423 and a median rent of $1,340, the Peoria, 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 Peoria, 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.
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Rent to own Homes in Cities Near Peoria, AZ
Neighborhoods in Peoria, AZ
Alta Vista Estates rent to own homes Camino Lago rent to own homes Camino Lago South rent to own homes Cibola Vista rent to own homes Citrus Garden Estates rent to own homes Deer Village rent to own homes Dove Valley Ranch rent to own homes Ironwood rent to own homes Parkridge rent to own homes Pleasant Valley rent to own homesBuying a Home in Peoria, AZ
Peoria, AZ is seeing rapid growth and Peoria, AZ's' housing market remains not optimal with an average home price that is 30% above the 2024 national average. Peoria, 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 Peoria, AZ
Median Rent in Peoria, AZ
Top Reasons to Live in Peoria AZ
Housing Statistics Peoria real estate is some of the most expensive in the state of Arizona, although the house values here are lower than the real estate rates in the rest of the country. The median home sales price for the period of January to March 2013 was $188,450 in Peoria, while the average house sale price was found to be $214,219. This statistic was tabulated from the total number of homes sold in this period in the community, which was 434. With an annual residential turnover rate of 14.33%, a large proportion of houses in Peoria are owner occupied. This percentage stands at 65.33%. The percentage of renter-occupied houses stands at 23.31%, while vacant housing units account for 11.36% of the homes in this city.
Local Sports Peoria is a sports lover's paradise, with convenient access to several major sports venues in the state. It has one of the nation's best facilities for spring training baseball. In fact, the Peoria Sports Complex is where both the Seattle Mariners and the San Diego Padres go every spring. Other professional teams that are based in Peoria include the baseball team Arizona Diamondbacks, as well as the Arizona Cardinals, which is the state's football team. Local basketball teams in this state include the Phoenix Mercury and Phoenix Suns, and the ice hockey team here is called the Phoenix Coyotes. Additionally Peoria has several golf courses spread through the area, and they are very popular with golfing enthusiasts.
Local Events and Festivals Peoria has a variety of community events and activities that are popular with both locals and visiting tourists. From events that usher in the start of spring training to festivals that celebrate local holiday traditions with pomp, Peoria is a vibrant place to be. The Dolly Sanchez Memorial Easter Egg Hunt, celebrated just before Easter, is an event that features pony rides, carnival games, train rides and scavenger hunts. The city also hosts an All American Festival on the 4th of July every year. Complete with concerts, games, and rides, the highlights of the event include a hot dog eating competition and a fireworks display. During the fall season, the Halloween Monster Bash takes center stage. With its parade, a host of carnival games, a fright zone and a haunted house, this event is widely attended. The Old Town Holiday Festival that takes place in winter features caroling, cookie decorating, wagon rides, and the ever popular visit from Santa.
Neighborhood Guide Peoria has plenty of neighborhoods that are considered family friendly, in addition to some that are ideal for young adults and retirees alike. Take a look at just a few of the options here.