Rent to own Homes in Rio Rico, AZ
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.
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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 2024 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 2024 for county Santa Cruz is 0.76% which is below the national average, which is 0.99%.
Median Home Price in Rio Rico, AZ
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Top 7 Reasons to Live in Rio Rico, AZ
Stay active! Rio Rico is something of a paradise for outdoorsy types. Local spaces include Calabasas Park and Robert Damon Park, although if you want more of a challenge, there's an abundance of hiking trails at the nearby Patagonia Lake State Park and the Sonoita Creek State Natural Area.
Take your best shot! Arizona is known for its golf courses, and Rio Rico is no exception. Within the grounds of the Esplendor Resort you will find the award-winning Rio Rico Golf Course, which was designed by Robert Trent Jones, Sr.
Low rents! At $819 a month, the average rental rate in Rio Rico is less than both the Arizona and national averages. If you're looking for a larger property, you can pick up four-bedroom homes for around $1,200 on Pebblewood Court and Camino Bacalao.
Indulge your appetite! Satisfy the heartiest of appetites at Rio Rico restaurants. Tuck into the best shrimp in town at La Bocanita Restaurant, or treat yourself to traditional fajitas at Las Trankas Mexican Restaurant.
Viva Mexico! Rio Rico lies just ten miles north of the border, so a trip to Mexico is within easy reach. Nogales is the first city you'll come across. Head to the La Roca shopping arcade to listen to the mariachi band or stock up on souvenirs along Calle Obregon.
Get your culture on! Life in Rio Rico offers ample opportunity for you to visit cultural hot spots. Within easy reach are the Tumacacori National Historical Park, the Tubac Center of the Arts and the Pimeria Alta Historical Society Museum.
Choice of neighborhoods! The town center is ideal if you want to be near the Rio Rico Shopping Center. North Side is a good choice if you plan to commute to Tucson for work, while West Side is perfect if you want to make the most of Rio Rico's ample outdoor attractions or find lovely rent to own home.