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

Buying A Home Is More Affordable Than Renting In 54% Of US Counties | Simplifying The Market

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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6450 E El Maro Circle Paradise Valley, AZ 85253

$22,500,000
6 Beds
10 Baths
13,567 SqFt
Status Active
MLS # 6813913
Property Type Single Family Residence
Price Type --
One of the few true gated estates in Paradise Valley, this newly built masterpiece by MDF Development offers an unparalleled blend of modern sophistication and timeless comfort. Designed by Lauren Wallace, with architecture by Matt Thomas and landscape design by Berghoff, every detail of this 6-bedroom, 10-bathroom estate exudes impeccable craftsmanship and luxury. Perched elegantly along the golf course with breathtaking mountain views, the home spares no expense in delivering top-tier finishes, thoughtful design, and seamless indoor-outdoor living. Whether entertaining in the grand living spaces or relaxing in the resort-style backyard, this home epitomizes the best of Paradise Valley living.

11200 E Canyon Cross Way Scottsdale, AZ 85255

$22,500,000
7 Beds
8.5 Baths
13,606 SqFt
Status Active
MLS # 6760021
Property Type Single Family Residence
Price Type --
Significant price reduction. Perched high above Scottsdale's most coveted landscapes, the Internationally known Castle on the Hill at 11200 E Canyon Cross Way is the pinnacle of Arizona luxury living. This immaculate 2020-built estate spans over 13,600 square feet of unrivaled craftsmanship and sophistication, set on 3.3 acres within the exclusive Upper Canyon of Silverleaf. From the moment you arrive, you are greeted with sweeping panoramic views of the McDowell Mountains, Camelback Mountain, and the vibrant city lights of Scottsdale. This turnkey estate includes a separate 2-bedroom guest house, fully furnished with exquisite interior and exterior décor. A seamless blend of grandeur and comfort, this estate features a state-of-the-art gourmet kitchen, a climate-controlled wine room, and spa for serene relaxation. Indulge in the opulent primary suite, where Swarovski crystal adorns the bed, leading to a sophisticated en suite bathroom. A floating staircase with gold-inlaid floors and an Italian chandelier ushers you to the secondary bedroom suites, each designed to perfection. Whether hosting in the games room with a full bar or retreating to the ultimate home office with a fireplace, this estate redefines luxury. Live the epitome of elegance, where sunrises and sunsets paint the sky, offering a truly unparalleled experience.

6025 E Cholla Lane Paradise Valley, AZ 85253

$22,000,888
5 Beds
7 Baths
11,008 SqFt
Status Active
MLS # 6789296
Property Type Single Family Residence
Price Type --
Award-Winning Developer ARCO Custom Homes brings yet another Modern/Transitional Architectural Masterpiece to Camelback Mountain. This privately gated estate features soaring 24-foot ceilings, retractable floor to ceiling custom glass walls and massive view decks with breathtaking Mountain and City Light Views! The expansive great room opens to the chef's kitchen featuring Gaggenau, Miele, Sub-Zero and Wolf appliances, European custom cabinetry and a gourmet Catering Kitchen with an extensive pantry. Offering abundant entertaining spaces including 1,000+ bottle glass climate-controlled Wine Room, Media Room, generous 2-person office and luxurious primary suite wing. The hidden underground garage built in to Camelback Mountain is a Car Lover's Fantasy. Buy now and save years & customize!

6161 N 59th Place Paradise Valley, AZ 85253

$21,950,000
9 Beds
16 Baths
17,265 SqFt
Status Active
MLS # 6798882
Property Type Single Family Residence
Price Type --
Welcome to Casa de Niños, an extraordinary 4 ACRE estate in one of the most prestigious neighborhoods in Paradise Valley. This estate offers unparalleled living experiences w/ serene ponds + waterfalls that wind thru the property. Upon entering the home, admire soaring 26ft ceilings in the great rm opening thru high arched doors to vast grounds + beautiful views of Camelback Mtn. Featuring huge lawns, tennis court, resort pool w/ swimup bar, ramada w/ charcoal + gas bbqs, 6 TVs, 2 beer taps, poolhouse w/ sauna + 16 car garages w/ man cave for 10 cars. There are 9 bedrms in this 17,250 sqft estate w/ 6 in main house, 2 apartments + guesthouse. W/ Honduras Mahogany woodwork, limestone + marble floors, elegant ceilings + fireplaces, the main home is on 1 level w/ no steps except for library.

10927 E Windgate Pass Drive Unit 1519 Scottsdale, AZ 85255

$21,750,000
6 Beds
6.5 Baths
10,248 SqFt
Status Active
MLS # 6688744
Property Type Single Family Residence
Price Type --
SILVERLEAF GOLF MEMBERSHIP OPPORTUNITY AVAILABLE! Discover an exceptional estate nestled in Silverleaf's Upper Canyon, boasting breathtaking mountain and city vistas. Situated on a rare near-level 2.15-acre lot, this property features expansive grounds with meticulously manicured gardens, offering an array of outdoor entertaining possibilities. Revel in the full outdoor kitchen with a pizza oven, elevated seating area, fire pit, and resort-style pool and spa. This single-level home spans 10,248 square feet and encompasses 5 bedrooms, 6.5 bathrooms, along with a dedicated office with bathroom or potential 6th bedroom. A separate detached guest casita adds to the allure. Unparalleled renovation by Salcito Custom Homes and Salcito Design Group... The residence showcases a gourmet kitchen, a great room complemented by a stunning built-in bar, and boasts the ...finest finishes throughout. From stone and wood flooring to hand-applied Venetian plaster walls and ceilings, no detail has been overlooked. The property boasts a wealth of upgrades, including a Crestron audio/video system, Lutron lighting and shade system, custom pre-finished engineered wood plank flooring, and exquisite slabs of Cristallo Bianco Classic and Taj Mahal Classic marble. Notable features also include Albertini Italian steel entry doors, Loewen wood clad windows, Wolf, Sub-Zero, and Miele appliances, and custom wood cabinetry by Arizona Custom Cabinets. Enjoy the luxury of Carrier Greenspeed HVAC, and Chesney's European marble fireplace surrounds in the living room and master suite. Experience unparalleled luxury living amidst the natural beauty of Silverleaf's Upper Canyon.

7256 N 40th Street Unit 6 Paradise Valley, AZ 85253

$20,400,000
5 Beds
6 Baths
10,170 SqFt
Status Active
MLS # 6813841
Property Type Single Family Residence
Price Type --
Discover the Amber residence in Crown Canyon, Arizona's most exclusive gated community. Nestled into the canyon while spanning a desert wash, this home embraces adjacent boulder formations of the canyon with stunning views of Camelback Mountain from the heart of the home. Saguaro soldiers welcome you to this one-of-a-kind home that draws its inspiration from the surrounding natural mountain preserve. Dramatic rooflines frame this modern glass and steel estate with 3 masterful floating glass bridges connecting the primary suite. Oversized windows and pocket doors throughout the estate showcase the pristine desert surroundings while maximizing the indoor-outdoor living experience. We welcome you to experience the timeless luxury and privacy that the Amber estate has to offer. Discover the Amber residence in Crown Canyon, Arizona's most exclusive gated community. Nestled into the canyon while spanning a desert wash, this home embraces adjacent boulder formations of the canyon with stunning views of Camelback Mountain from the heart of the home. Saguaro soldiers welcome you to this one-of-a-kind home that draws its inspiration from the surrounding natural mountain preserve. Dramatic rooflines frame this modern glass and steel estate with 3 masterful floating glass bridges connecting the primary suite. Oversized windows and pocket doors throughout the estate showcase the pristine desert surroundings while maximizing the indoor-outdoor living experience. We welcome you to experience the timeless luxury and privacy that the Amber estate has to offer. Crown Canyon is a secluded and untouched 30-acre enclave in the prestigious community of Paradise Valley. Nestled within a breathtaking mountain preserve, this is home to 12 exceptional luxury residences. Meticulously designed by renowned architects, these one-of-a-kind homes embrace the natural beauty of the surroundings, maximizing the captivating views and unique topography of each homesite. Experience tranquility, seclusion, and utmost security within this gated haven, ensuring unparalleled peace of mind.

41917 N 101st Place Scottsdale, AZ 85262

$20,000,000
5 Beds
8 Baths
9,900 SqFt
Status Active
MLS # 6775439
Property Type Single Family Residence
Price Type --
Simply the ultimate new build project in Desert Mountain. This stunning masterpiece was created by a world class design and build team headed by renowned award winning architect, Erik Peterson of PHX Architecture. Every aspect of this home has been carefully crafted by the team for maximum effect on likely the last premier lot remaining in the 8200 acre community. The property rests high above the surrounding homes and offers spectacular mountain, valley, sunset and city light views. Majestic saguaro cactus surround the building envelope. This structural marvel will be constructed to the highest standards by elite valley home builder Platinum Homes. Please view the virtual tour video attached. This home is designed for those who desire the absolute best in Desert Mountain living.

21423 S 147th Street Gilbert, AZ 85298

$19,995,000
5 Beds
5.5 Baths
9,326 SqFt
Status Active
MLS # 6763840
Property Type Single Family Residence
Price Type --
Welcome to Ocotillo Sunset Ranch Nestled on a breathtaking 4.35 acres, this property is more than just a home—it's your personal sanctuary offering an exceptional lifestyle. As you enter through the grand foyer, you'll be greeted by soaring ceilings, beautiful natural wood floors, and an abundance of natural light that fills the expansive interior. The perfect blend of sophistication and practicality awaits you. The lavish primary suite is a true retreat, featuring a spacious layout, a cozy fireplace, and a luxurious ensuite bathroom complete with a soaking tub, dual vanities, and a separate shower. Discover the epitome of luxury in the stunning two-story closet, where style meets functionality. This thoughtfully designed space showcases your wardrobe with soaring ceilings, custom lighting, and elegant finishes. The main level also offers tailored storage solutions, including custom shelving and spacious drawers to keep your clothing and accessories impeccably organized. For moments of tranquility, the nearly 4,000-square-foot day spa serves as a peaceful retreat. Enjoy a sauna, steam room, hot tub, cold plunge, yoga room, and massage areaan ideal escape from daily stress. Outdoor enthusiasts will love the expansive grounds, featuring a thrilling private go-kart track and a resort-style pool area. The pool oasis, complete with a spa and cabana, is surrounded by lush landscaping and stunning views. The estate also boasts an incredible 6,000-square-foot entertainment facility. The Hideaway that redefines leisure and entertainment. At its heart is a state-of-the-art chef's kitchen equipped with top-tier appliances, custom cabinetry, and a spacious islandperfect for culinary gatherings. Enjoy year-round practice with a cutting-edge golf simulator and putting green, as well as a dedicated gaming station with the latest consoles for epic game nights with friends. Dance enthusiasts will appreciate the fully equipped dance studio with mirrored walls and professional flooring, while a private batting cage provides endless entertainment for sports lovers. The Hideaway also includes an upper level studio apartment, a well-appointed workout room and a lounge area for memorable gatherings. Additionally, the estate features a meticulously designed private gun range with two lanes, combining expert craftsmanship with state-of-the-art safety features for a unique shooting experienceperfect for honing your skills in a luxurious setting. Conveniently located near top-rated schools, upscale shopping, fine dining, and major commuter routes, this extraordinary estate offers the perfect balance of privacy and accessibility. Don't miss your chance to experience the pinnacle of luxury living.

11098 E Whistling Wind Way Unit 1851 Scottsdale, AZ 85255

$19,995,000
6 Beds
8 Baths
9,710 SqFt
Status Active
MLS # 6809796
Property Type Single Family Residence
Price Type --
Incredible Opportunity to purchase a Brand-New Luxury Modern Estate in the highly desirable Silverleaf Summit with spectacular elevated city light views, surrounding mountain ranges, and golf course views below. Home under construction w/ an est completion April of 2025 saving you years of approval time for new builds. The pristine and tranquil setting of this 1.97-acre property provides the perfect location for this 9,710 livable sq ft home with no steps on the main floor & entire backyard areas. Secured behind private automated drive gates this home has 6 bedrooms, 8 baths, a huge Game/Entertainment room, Office, 2nd kitchen, Elevator, & upstairs family room. Artfully crafted by Sommer Custom Homes and Architecture by Cosan Studio. The Main-level of the home offers four full bedroom suites with beautiful bathrooms & large walk-in closets as well as the many common area rooms and encompasses most of the home's livable sq. ft. at 7,957. Two of the secondary bedrooms are set up as guest suites with oversized rooms large enough for a sitting area, private patios that open to the backyard amenities and city light views and their bathrooms have two sinks, lots of counter space, and toilet rooms. The third secondary bedroom suite is spacious and contains a full bath and walk-in closet. This suite has a private patio off the front corner of the home with mountain views and could be a great space for an Exercise room or can be used as another bedroom suite. The fourth Main level suite (Owner's Suite) is very private and far removed from all other guest rooms and public spaces. City light and mountain views are enjoyed from within the room and from the covered patio with direct access to rear yard amenities. The bathroom has city views, an outdoor shower also overlooking the city below, and his and her toilets. The closets are spacious and there is a hidden closet behind for a saferoom concept or other hidden storage needs. The Upper-level livable sq. ft. is 1,753 and accessed by the elevator or the staircase and has two more full bedroom suites that are very spacious with walk-out balconies that capture great views of the mountain range to the North and have full bathrooms with toilet rooms and walk-in closets. There is also a secondary family room and a sitting area with lots of natural light and great views of the mountains to the south. The large kitchen has city light views over the backyard turf and pool areas and opens to the covered rear patios and the adjacent Great room. The large 12' x 5' island contains a prep sink, appliances, trash pullouts, and plenty of workspace with seating off the back side. The main sink is on a window wall and faces out to the gorgeous city views and backyard amenities. Behind the kitchen is a large fully functional Prep Kitchen which also serves as the pantry. This space is ideal for entertaining to keep the mess well hidden from the public areas and has direct access to the outdoor kitchen/barbecue space and another access straight to the garage entry hall for easy loading of groceries and supplies. The Great room is anchored by a large stone-clad fireplace and surrounded by floor to ceiling windows and automated sliding doors. The city light views from this room are stellar and showcase the incredible architecture and fine finishes of the home. This space opens to the rear covered patios and is semi open to the large Entertainment room and Bar/Lounge area. The expansive Entertainment room leaves nothing to be desired in a space which allows you to enjoy anything that life offers you from small family gatherings to large festive parties or just chilling out on your own. This space has plenty of room for multiple game tables, spacious lounge seating arrangements, one entire corner dedicated to media/theater experience, and a gorgeous indoor/outdoor bar with windows that open and connect the interior experience with the bar patio's outdoor activities. The room also has pocket doors opening to the main patio allowing the two environments to become one enormous space. The Formal Dining room overlooks the beautiful front courtyard fountain & fireplace and has a climate-controlled wine storage enclosure made of glass for a beautiful display from all sides. Other amazing features of this home include: Automated driveway gates for maximum privacy and security. Private garage courtyard area not visible from guest arrival front entry areas. Light filled staircase tower with floor to ceiling windows showcasing the artistry of the floating staircase and the glass elevator. Wood ceilings on the covered patios and most of the indoor public spaces. Guest sitting area off the two Main level Guest Suites. Two laundry rooms. Oversized 4-car garage with wall mount operators and storage room. Larger than average one-acre+ building envelope allows for a large backyard and spacious outdoor amenities. The front courtyard is gated to the guest arrival area and has a beautiful seating area with a fireplace, fountain, gardens, and views of the surrounding mountains. Spacious and deep rear patios with ceiling heaters, a two-way stone clad fireplace, outdoor kitchen & barbecue with dining table area and plenty of lounge seating all looking over the large green turf and pool areas out to the city views below and surrounding mountain ranges. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

6721 E Cheney Drive Paradise Valley, AZ 85253

$19,950,000
11 Beds
10.5 Baths
22,222 SqFt
Status Active
MLS # 6670110
Property Type Single Family Residence
Price Type --
Custom highest-end construction build in Cheney & 68th Street corridor by JR McDade. Extremely private estate with stunning mountain views of Mummy & McDowell. Two Entry courtyards, great room & chef's kitchen w/large back full kitchen holding pantry, Wolf Sub Zero Cove appliances, custom ventilation, and grilling station. Split floorplan where primary suite includes separate his and hers: vanity, enclosed toilets & closets, large walk-in shower, free-standing tub, and private courtyard with fireplace, and heated spa. Experience true indoor/outdoor living with massive pool & spa, indoor sport/pickleball/basketball court, 3 outdoor BBQ stations, 11 fireplaces & 1 firepit. Separate guest quarters with 4 bedrooms & 2 kitchens. Private viewing deck, game room, & theatre. Creston smart home.

21868 E Stacey Road Queen Creek, AZ 85142

$19,500,000
3 Beds
11 Baths
16,109 SqFt
Status Active
MLS # 6733951
Property Type Single Family Residence
Price Type --
Introducing Misión Veintidós (Mission Twenty-two). This amazing Pegasus Airpark (5AZ3), Queen Creek, AZ home was inspired by classic Spanish style mission architecture. The unique mission style entrance to the home is through a breezeway gate which leads you to a stunning courtyard view of the estate. This estate of 32,000 sq ft of luxury living, with an incredible 26,000+ sq ft of conditioned space has 16'' thick walls for style and maximum efficiency. Perfectly situated on North South double lot, taking a massive 350' of taxiway, sits the main residence on three levels and includes all these features: A 10,000 sq ft steel construction Hangar with Full HVAC, Epoxy coated floor, ''Big Ass'' Fan, Pocket style main hangar doors with an 78'x17' clear opening. Flight office, Storage room, Downstairs bathroom, Interior stairs to mezzanine with bar, Upstairs bathroom, Balcony, Two motorized vertical opening 20 ft glass garage style doors facing the courtyard. A massive courtyard featuring: 2,000 feet of covered breezeways, Multiple swimming pools with fountains and firepots, Covered outdoor full kitchen under a mission style bell tower, Lit Pickle ball/basketball sports court & Putting green, Sand Volleyball court. The main house has a 5,000 sq ft Basement: bowling alley, 75 ft shooting range, Tiger Woods' (Full Swing Pro 2.0) Golf Simulator, Wine Cellar, Walk-in vault, Storage room, Bathroom, Interior and exterior stairs. Next is a 2000+ sq ft detached Master Bedroom: Custom his and her walk-in closets, Separate bathrooms and linens, Large walk-in shower & separate tub, Incredible ceiling details with accent lighting, Multiple balconies, Bar, Fireplace, sliding doors. Master Spanish Garden: with water and fire features. General Design considerations: 16 double insulated walls which are quieter, more energy efficient and style correct as seen in the deep-set windows and doors, The extensive iron work is amazing, Custom railing with HH monogram, windows with iron details. Don't miss these details: clear view elevator from basement to second story sized for wheelchair access. Wired Cameras access from internet. Automated lighting. Security System Hidden AV closet Luxury full-service guest suites with spa like bathrooms, suites include laundry and bar in each 2834 sq ft 2nd Story with Gym, spa and sauna, gym bathrooms & laundry. Large outdoor balcony, firepit, incredible views of the Superstition and San Tan mountains Balcony sliding windows overlooking the courtyard. Firepole slide down from gym to first floor hidden door Formal living room 30' sliding glass doors with view of hangar 28' ceiling with massive beams Oversize castle style fireplace Gourmet kitchen with Baking center Sub Zero Wolf appliances, Easy access from vehicle to kitchen, Fully equipped Butler's Pantry. Dark and smokey (informal sitting room) Floor level gas fireplace Full bar Bathroom Large sliding window overlooking courtyard pool. Too many features to list.

6109 E Maverick Road Paradise Valley, AZ 85253

$19,495,000
6 Beds
10 Baths
11,965 SqFt
Status Active
MLS # 6812640
Property Type Single Family Residence
Price Type --
Under construction (est. completion Fall '25) in the exclusive neighborhood of Silver Sky, Nova is an 11,965 sq/ft, 6 bed, 10 bath, 5-car estate receiving national accolades, winning the Best in American Living Award, this expansive estate blends classic European charm with modern design and luxury. Privately gated entrance opens to an large courtyard providing a full view of this captivating home. Boasting floor-to-ceiling windows with thin sightlines and a natural stone façade, the home exudes a classic European charm. The outdoor oasis wraps into the backyard showcasing a resort-like pool and spa, outdoor kitchen, separate 985 sq/ft casita, and a regulation-size pickleball court, with lush landscaping designed by Jeff Berghoff. The 10,980 sq/ft main home features a butler's kitchen, lounge with wine room, and indoor./outdoor bar, two offices, and an expansive master wing with an indoor/outdoor gym, a spa treatment area with a cold plunge, a sauna, and a steam room. The interiors maintain a timeless approach using soft, natural stone and wood tones while tying in cutting-edge technology and modern features an award-winning design by Holly Wright Designs. The home boasts Wolf and Sub-Zero appliances, wide-plank European white oak flooring, and exquisite millwork complemented by stone accents throughout. Every detail has been meticulously curated, including lighting specifications and design elements crafted by award-winning designer Walter Spitz. Nestled among 11 other brand-new, award-winning estates, Nova is due to finish construction Fall of 2025 and highlights the pinnacle of homes located in the exclusive Silver Sky community. A community consisting of privately gated, single-level estates with a minimum of 6000 sq/ft. ensuring endless views, privacy, and the unparalleled size and sophistication of a luxury new community. Live among legends and join an exclusive group of discerning buyers who cherish the finer things in life.

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