Nestled alongside the Coronado National Forest in Arizona's Santa Cruz County, Rio Rico is home to a residential community of just under 20,000 people. The city lies an hour's drive west of Tucson, but you won't have to leave Rio Rico to feel fulfilled. Take advantage of the serene mountain landscape to enjoy fresh air and outdoor escapades, practice your swing at the local golf course or simply enjoy the classic southwestern lifestyle.
Rio Rico, AZ is a great place for affordable rent-to-own homes! With a median household income of over $51,699 and a median rent of $863, the Rio Rico, 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 Rio Rico, 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.
Rio Rico, AZ is seeing rapid growth and Rio Rico, AZ's' housing market remains optimal with an average home price that is -32% below the 2022 national average. Rio Rico, AZ is part of Santa Cruz 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 Santa Cruz is 0.76% which is below the national average, which is 0.99%.
Rio Rico, AZ has a walk score of
Rio Rico, 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%.