Scottsdale, Arizona, is a major Phoenix suburb that is home to about 218,000 people. It is known as a great place to live or visit if you have the money to stay at one of the many impressive resorts, shop at swanky boutiques, and golf on award-winning courses. Despite its ritzy reputation, the cost of living is actually only slightly higher than average, and many residents have found this city to be the perfect place to raise a family, enjoy the college years, or retire.
Scottsdale, AZ is a great place for affordable rent-to-own homes! With a median household income of over $91,042 and a median rent of $1,452, the Scottsdale, 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 Scottsdale, 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.
Scottsdale, AZ is seeing rapid growth and Scottsdale, AZ's' housing market remains not optimal with an average home price that is 127% above the 2022 national average. Scottsdale, 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 2022 for county Maricopa is 0.59% which is below the national average, which is 0.99%.
Scottsdale, AZ has a walk score of
Scottsdale, 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%.