Located on the border between California and Arizona, Yuma has a beautiful desert landscape that sits next to the roaring Colorado River. Chosen originally for its location at the narrowest part of the river, Yuma has expanded to an impressive 94,064 people. An astounding 85,000 retirees maintain winter residences here, since the mild winter season is particularly appealing for older folks who don't care for shoveling snow. There is also a large military contingency, with the Marine Corps Air Station in the county. Yuma enjoys a low cost of living, which brings in families and young folks at all income levels, resulting in a diverse population. The rich cultural heritage and historical landmarks also attract history buffs, along with those who simply desire a charming spot to settle down and raise a family.
Yuma, AZ is a great place for affordable rent-to-own homes! With a median household income of over $52,183 and a median rent of $917, the Yuma, 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 Yuma, 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.
Yuma, AZ is seeing rapid growth and Yuma, AZ's' housing market remains optimal with an average home price that is -30% below the 2022 national average. Yuma, 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 2022 for county Yuma is 0.63% which is below the national average, which is 0.99%.
Yuma, AZ has a walk score of
Yuma, 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%.