Rent to own Homes in San Luis, AZ
San Luis, Arizona is located about a half hour southwest of Yuma and just minutes north of Sonora, Mexico. In fact, this little city sprang up because a border-crossing station was developed in the area in 1930. With a current population of about 31,000, San Luis is still a fairly small city, but it has been growing since 1990 and shows no signs of stopping.
San Luis, AZ is a great place for affordable rent-to-own homes! With a median household income of over $41,648 and a median rent of $649, the San Luis, 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 San Luis, 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 San Luis, AZ Property Resources
Rent to own Homes in Cities Near San Luis, AZ
Neighborhoods in San Luis, AZ
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85349 rent to own homesBuying a Home in San Luis, AZ
San Luis, AZ is seeing rapid growth and San Luis, AZ's' housing market remains optimal with an average home price that is -41% below the 2024 national average. San Luis, AZ is part of Yuma 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 Yuma is 0.63% which is below the national average, which is 0.99%.
Median Home Price in San Luis, AZ
Median Rent in San Luis, AZ
Top 4 Reasons to Move to San Luis, AZ
Low median home cost! The price to buy a home here is about $91,000, which is a little over half of what you would likely pay elsewhere in the US. With prices like this, it's no wonder about 70 percent of the residents here own their homes. You can find homes for sale or rent to own near Kennedy Lane and Ruby Lane, or Santa Fe Drive and Lakin Drive.
Things to do! If you feel like getting out of the house, you can spend the day shopping at local shops that include Bella Fashion, Gala Shoe Store, Dollar General, or Walmart. You can also check out the San Luis Atleticos, a professional baseball team that plays in the Arizona Winter League. When the day is over, you can go to dinner at one of the many restaurants, such as Maricos El Navegante, Patio Sushi Cafe, or Munchies Bar and Grill.
Newer properties! If you don't want to deal with a house that requires you to replace the major appliances and make repairs the minute you move in, you need a home that was built in the last couple of decades. You can easily get that in San Luis because the average home age here is only about 18 years old. That's a little over half the median home age in the US. Whether you want to rent or buy, look near C Street and 6th Drive or Ave B and South Ave B for a nice selection of newer homes.
Parks and recreation! This city has a pretty dedicated parks and recreation department. Just one of parks here includes Eligio Ramirez Park, which has walking paths and a soccer field. Joe Cabello Park is another option, and it features a basketball court and skate arena. There is also the San Luis Aquatic Center, where locals can take swimming lessons or even host pool parties. Of course, you can take aerobics classes, dance lessons, and more through the parks and recreation department.