Monday, September 26, 2011

Why rent and pay more?

Least Expensive Cities to Buy a Single Family Home
Single Family Own or Rent Index Rank
City Own or Rent Ratio

If you are renting in Maricopa County you are paying more per month than it costs to own. The largest factor is that you are not building any equity for your future or taking advantage of historically low interest rates. Find your city below for an idea of how large the difference is and how much money you’re wasting every month on rent.

If you are interested to purchase feel free to contact me. Finding out if/what you can qualify for is free and our mortgage reps will give you a free consultation.

Ratio of 1-15: Owning less expensive than renting.
Ratio 16-20: Renting makes more sense but buying may make sense depending on circumstances.
Over 20: Renting less expensive than buying.

1 Florence 5.0
2 Coolidge 5.5
3 Phoenix 5.9
4 Casa Grande 6.3
5 El Mirage 6.5
6 Glendale 6.7
7 Tolleson 7.0
8 Avondale 7.8
9 Mesa 8.2
10 Buckeye 8.3
11 Maricopa 8.3
12 Laveen 8.7
13 San Tan Valley 8.9
14 Goodyear 9.1
15 Peoria 9.1
16 Tempe 9.1
17 Chandler 9.7
18 Surprise 10.1
19 Sun City 10.5
20 Gilbert 10.8
21 Litchfield Park 11.2
22 Queen Creek 12.8
23 Sun City West 14.9
24 Scottsdale 15.6
25 Fountain Hills 15.8
(Data for ratios from Arizona Regional Multiple Listing Services, Inc.
August data)

Chris Tiller - Realtor

The Brett Tanner Team

Keller Williams Realty

4862 E. Baseline Road #103

Mesa, AZ 85206

Phone: 602-561-1346

Fax: 1-888-292-0678

christiller@brett-tanner.com

Website: www.phxrealty.comBlog: http://tillersreupdate.blogspot.com/

Our team is closing 50 deals per month in Phoenix. Ask me how.