Excellent home appreciation! Before you buy in any city, it's good to know how fast your home will likely appreciate. In Sierra Vista, the rate of appreciation is more than 6%, which is more than triple the national rate. Look around El Camino Real and East Foothills Road for homes you can buy or rent to own.
Sierra Vista, AZ is a great place for affordable rent-to-own homes! With a median household income of over $59,585 and a median rent of $977, the Sierra Vista, 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 Sierra Vista, 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.
Sierra Vista, AZ is seeing rapid growth and Sierra Vista, AZ's' housing market remains optimal with an average home price that is -20% below the 2022 national average. Sierra Vista, AZ is part of Cochise 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 Cochise is 0.63% which is below the national average, which is 0.99%.
Sierra Vista, AZ has a walk score of
Sierra Vista, 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%.