Rent to own Homes in Prescott Valley, AZ
Prescott Valley, AZ is a great place for affordable rent-to-own homes! With a median household income of over $54,315 and a median rent of $1,061, the Prescott Valley, 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 Prescott Valley, 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 Prescott Valley, AZ Property Resources
Rent to own Homes in Cities Near Prescott Valley, AZ
Neighborhoods in Prescott Valley, AZ
Big Sky Business Park rent to own homes Lynx Lake Estates rent to own homes Castle Canyon Mesa rent to own homes Prescott East rent to own homes Mingus West rent to own homes Viewpoint rent to own homes Pronghorn Ranch rent to own homes Granville rent to own homes Prescott Valley Units rent to own homes Glassford Regional Market Place rent to own homesBuying a Home in Prescott Valley, AZ
Prescott Valley, AZ is seeing rapid growth and Prescott Valley, AZ's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Prescott Valley, AZ is part of Yavapai 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 Yavapai is 0.54% which is below the national average, which is 0.99%.