Buying A Home Is More Affordable Than Renting In 54% Of US Counties

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).

Daren Blomquist, Senior Vice President of ATTOM Data Solutions had this to say:

“Although buying is still more affordable than renting in the majority of U.S. housing markets, the majority is shrinking as home price appreciation continues to outpace rental growth in most areas.”

However, the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the counties analyzed in the report (266 of 447 counties). With rents rising, many renters should consider buying a home soon.

Bottom Line

Rents will continue to rise, and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, let’s get together to help you determine if you are able to buy a home of your own and lock in your monthly housing expense.  Give me a call – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

1596 High Country Drive Heber, AZ 85928

$640,000

3 Beds

2.5 Baths

1,810 SqFt

Status Active

MLS # 6703861

Property Type Single Family Residence

Price Type --

Stunning mountain retreat in High Country Pines nestled on a heavily treed .50-acre homesite on a private cul-de-sac. This 3 BR/ 2.5 BA is more than just a home; it's a sanctuary where nature's beauty surrounds this beautiful cabin. This home boasts a great room with a wood burning fireplace embraced by floor to ceiling river rock, chiseled slab granite in the kitchen with an island, gas stove, tiled backsplash, spacious laundry room with cabinets and sink, bathrooms are stone counters, travertine tiling in the baths/shower, knotty pine interior doors and ceiling, bay windows, central heat /AC, the master has dual vanities and a private balcony. The exterior offers a 2 car garage, flagstone and a firepit. The spacious rear deck brings breathtaking treetop vistas with panoramic views.

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25985 W Tonopah Drive Buckeye, AZ 85396

$640,000

5 Beds

4 Baths

4,067 SqFt

Status Active

MLS # 6755613

Property Type Single Family Residence

Price Type --

SELLER OFFERING $5,000 CREDIT TOWARDS CLOSING OR RATE BUY DOWN! Welcome to this stunning, massive home located in the desirable Festival Foothills community! Boasting over 4,000 sq. ft., this spacious property features 5 bedrooms and 4 full bathrooms, including 2 luxurious master suites and a convenient downstairs bedroom and full bath—perfect for guests or multi-generational living. ALL 5 BEDROOMS HAVE WALK IN CLOSETS. The large, entertainer's kitchen is ideal for hosting, with ample space and two pantries, including a walk-in. Enjoy a variety of living spaces with a formal sitting room, living room, and an upstairs loft, offering plenty of room for relaxation or activities. Home has assumable VA loan at 3.65%! Step outside to your own private oasis, complete with a beautiful pool and spa, highlighted by a rock waterfall slide. The home also features owned solar panelsno payments requiredadding incredible energy efficiency! Also includes new hot water heater and water softener system. With no carpet downstairs, ample functional storage throughout, and a 3-car garage, this home is both elegant and practical. Don't miss out on this extraordinary home, it won't last long!

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141 S 156th Drive Goodyear, AZ 85338

$640,000

4 Beds

3 Baths

2,500 SqFt

Status Active

MLS # 6767723

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning resale of the Celeste floorplan by Richmond American features 4 bedrooms plus a study/den with 2,500 sqft of modern living space. Enjoy 10-foot ceilings and a gourmet kitchen equipped with extra cabinetry, a built-in oven, and an expansive island topped with luxurious marble. The home also includes a convenient butler's pantry and a Deluxe Primary Bathroom upgrade for added luxury. The low-maintenance synthetic grass landscaping enhances the modern look, while stylish vinyl wood-look flooring flows throughout. Located near the 303 & 101 freeways & Goodyear Square for shopping and dining. Why wait for a new build? This upgraded gem is move-in ready!

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4514 N Kirkwood Avenue Prescott Valley, AZ 86314

$640,000

4 Beds

2.5 Baths

2,560 SqFt

Status Active

MLS # 6767302

Property Type Single Family Residence

Price Type --

Welcome to this stunning Prescott Valley home featuring a desirable floor plan with a spacious Great Room, versatile Den/Dining Room, and 4 bedrooms, including a luxurious Master Suite. BRAND NEW ROOF in 2023 with a transferable warranty. The Master Suite offers private access to the rear patio, a relaxing garden tub, dual vanities, and an expansive walk-in shower. With 2.5 baths, three additional spacious guest rooms, and a fantastic location, this home has everything you need for comfort and convenience. Ideal for entertaining and everyday living, this is the perfect blend of style and functionality. Don't miss out!

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24615 S Golfview Drive Sun Lakes, AZ 85248

$640,000

3 Beds

2 Baths

1,774 SqFt

Status Active

MLS # 6797525

Property Type Townhouse

Price Type --

WOW - Totally remodeled home with an open floor plan, & an amazing golf course location! Mountain views, Lake views, Golf views; this one was it ALL! Rare three-bedroom floor plan, plus formal sitting area just off the foyer. Kitchen area was opened up, and everything is new. Custom-designed vent hood, modern pendant lighting, subway tile backsplash, new full-face cabinets, crown molding, glass-front accent ceiling cabinets, and beautiful white quartz counters! Primary Bath shows so nicely with dual sinks, upgraded lighting/mirrors, and a lovely walk-in tiled shower with frameless glass. Out back you have an extended paver patio, and nearly endless views. Perfect for warm winters! Sun Lakes boasts a plethora of world-class amenities, please make a stop at the Oakwood Club House!!

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21950 N 100th Avenue Peoria, AZ 85383

$640,000

4 Beds

2 Baths

1,940 SqFt

Status Active

MLS # 6781931

Property Type Single Family Residence

Price Type --

I humbly introduce you to the property that checks all of your boxes. Freshly painted, four bedroom, split floorplan that has not one beautiful kitchen, but two! This property takes indoor-outdoor living to a whole new level. Oversized collapsible slider, custom granite and stone outdoor kitchen, table, private pool, pre-wired surround sound system, and no neighbors behind, puts this home in a league of it's own. This move-in ready property is only missing one thing . . . YOU!

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2501 W Red Tail Way Prescott, AZ 86305

$640,000

4 Beds

3 Baths

2,396 SqFt

Status Active

MLS # 6781915

Property Type Single Family Residence

Price Type --

Beautiful home on over an acre of land. This 4 bedroom, 3 bath, 3 car garage home has two year old roof, stucco and paint, 3 year old water heater, and 3 year old appliances. Remodeled kitchen and baths, owned solar, newer well pump, fenced yard, large patio with views and all appliances included. Zoned for up to 2 horses. Close to town with the country feel.

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822 W Dust Storm Road Huachuca City, AZ 85616

$640,000

3 Beds

3 Baths

3,390 SqFt

Status Active

MLS # 6787559

Property Type Single Family Residence

Price Type --

Welcome to your dream retreat nestled amidst stunning panoramic views in Huachua City! This home was custom built using ICF block walls for energy efficiency and durability. This energy efficient home naturally stays cool in the summer months, reducing the need for AC and lowers energy bills. The main home features a split floor plan with 3 bedrooms, 3 bath, open kitchen with a breakfast nook. You will also find a 1200 sq ft Casita that includes a living space with washer/dryer hook up, and a workshop. This property has over 9 acres, FULLY fenced in, an orchard area, RV facilities. Property backs up to BLM land.

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224 E Eugie Avenue Phoenix, AZ 85022

$640,000

3 Beds

2 Baths

1,924 SqFt

Status Active

MLS # 6788557

Property Type Single Family Residence

Price Type --

Home, sweet home! This 3-bedroom, 2-bath residence features a 2-car garage, a convenient RV gate, and a low-maintenance front yard. You'll be delighted by the appealing open layout with a cozy den for relaxing evenings, blinds, wood-look flooring, and an inviting fireplace. The kitchen comes with skylights for ample natural light, chic pendant lighting, a tile backsplash, wood shaker cabinetry, essential built-in appliances, and a center island. Have a good night's rest in the primary bedroom, offering double French doors that lead to the backyard. Venture out onto the spacious backyard, complete with a covered patio, pristine artificial turf, and a pool for refreshing dips on hot days. Don't miss out on this fantastic opportunity!

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12028 N Luckenbach Street Surprise, AZ 85388

$640,000

3 Beds

2.5 Baths

1,862 SqFt

Status Active

MLS # 6794587

Property Type Single Family Residence

Price Type --

This Prairie Bluemont floorplan will make you feel right at home from the moment you walk through the door. The contemporary finishes provide a classy touch to the home while maintaining comfort. The kitchen offers stainless steel appliances and ample storage for all your cooking needs. Notice the seamless flow between the kitchen and the great room, making the space feel open and inviting. Enjoy a spacious primary bedroom with a large bathroom featuring dual sinks and a relaxing atmosphere. Additionally, you can marvel at the walk-in closet. No detail was overlooked in this beautiful home. As an added bonus, you have access to community amenities like three pools, a restaurant, a golf course, and a gym.

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1914 W Desert Hollow Drive Phoenix, AZ 85085

$640,000

3 Beds

2.5 Baths

2,354 SqFt

Status Active

MLS # 6799726

Property Type Townhouse

Price Type --

GORGEOUS NORTH PHOENIX TOWNHOME! 3-story townhome with a loft in the heart of North Phoenix, offering modern finishes throughout & quick access to highways, shopping, & dining. Enjoy wood-look tile flooring, plush carpeting in the right places, & a gourmet kitchen with quartz countertops, a large island, stylish shiplap backsplash, & top-of-the-line appliances, including a gas stovetop & wall ovens. The primary suite features a luxurious ensuite bath, while the upstairs includes a loft & a convenient laundry room. Relax on the rooftop terrace or the low-maintenance backyard with pavers & synthetic grass. A 2-car attached garage completes the package. You'll love living in Union Park with amenities like a pool, spa, sports courts, & more. Don't miss out on this move-in ready home!

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1905 W Cambridge Avenue Phoenix, AZ 85009

$640,000

3 Beds

2 Baths

1,984 SqFt

Status Active

MLS # 6799419

Property Type Single Family Residence

Price Type --

Perfect Ralph Haver designed Del Webb retro home on a huge lot in highly desirable Encanto Estates! Original kitchen with a cute, little breakfast nook, large living room with huge signature flagstone fireplace, large laundry area, large family room- yes, there are big rooms throughout. Both baths have been remodeled and are gorgeous, newer flooring throughout, mostly new windows. The backyard footprint could be much larger given the favorable setbacks. 2 car garage could easily have direct home access. Next to Encanto Golf Course & Encanto 9. SELLER MAY CONTRIBUTE TO BUYER CLOSING COSTS WITH ACCEPTABLE OFFER!

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