Buying Is Now 33.1% Cheaper Than Renting in the US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

Other interesting findings in the report include:

• Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
• With rents & home values moving in tandem, shifts in the ‘rent vs. buy’ decision are largely driven by changes in mortgage interest rates.
• Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.  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

35766 N Moro Lane San Tan Valley, AZ 85144

$479,990

4 Beds

2 Baths

2,140 SqFt

Status Active

MLS # 6561027

Property Type Single Family Residence

Price Type --

BRAND NEW energy-efficient home ready NOW! The Onyx floorplan offers an open-concept plan with 4 bedrooms, 2 bathrooms and a 2-car garage. The extra storage room makes a great home for household cleaning items, holiday decor, and backpacks. This home is built on an over 7,700 sqft home site on a corner. It offers decadent dark stained Umber wood cabinets throughout the home, light and dark grey granite counter tops with cream color sprinkled in. 12 x 12 tile everywhere in home except bedrooms and closets which have soft plush carpet. Impressive Walk-In Closet in Primary Suite tucked away in back of home. Are you ready to buy your new home?

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3039 W Estes Way Laveen, AZ 85339

$479,990

4 Beds

2 Baths

2,148 SqFt

Status Active

MLS # 6603230

Property Type Single Family Residence

Price Type --

This upgraded, single-story home boasts an open floor plan with 9-ft. ceilings. The modern kitchen features 42-in. upper cabinets, a center large island, undermount sink, walk-in pantry, pullout trash/recycling bins, Silestone® quartz countertops and Whirlpool® stainless steel appliances, including a gas range, canopy hood and dishwasher. The primary suite, located at the back for added privacy, showcases a large walk-in closet and adjoining bath with a dual-sink vanity, enclosed water closet and shower. Two secondary bedrooms also offer a walk-in closet, while the secondary bath boasts a linen closet and extended cabinet with knee space. Additiona Additional features include soft water loop pre-plumbing, a garage access door and garage door opener.

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2857 W Monte Way Laveen, AZ 85339

$479,990

5 Beds

3 Baths

2,373 SqFt

Status Active

MLS # 6642248

Property Type Single Family Residence

Price Type --

This two-story home features an 8-ft. entry door and 9-ft. first floor ceilings. The open concept floor plan includes a spacious great room with access to an extended covered back patio. The kitchen boasts granite counters, an expansive center island, and 42-in. upper cabinets for added storage space. You'll also find porcelain tile flooring and a bedroom with full bath on the first level. Moving upstairs, the bedrooms and common areas feature plush carpeting, with porcelain tile flooring in the laundry and baths. The spacious laundry room also includes granite countertops, a deep-set sink, and linen closet. sq./ft. lot with a generous side yard and spectacular views of South Mountain.

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1993 E Georgia Ruth Lane San Tan Valley, AZ 85140

$479,990

4 Beds

3 Baths

2,435 SqFt

Status Active

MLS # 6678708

Property Type Single Family Residence

Price Type --

New Construction!! Nestled perfectly in the sought after city of San Tan Valley. Adorable 4 bedroom 3 bathroom home with a 2 car garage plus storage. Our Ashton Woods Artisan Collection, spacious owner's suite, stainless steel appliances, granite kitchen countertops and shaker style cabinets makes this a place to call home. Conveniently located off of Combs Rd and Schnepf Rd. As with all of our homes, this one is also constructed as ''Energy Star'' for remarkable comfort, energy efficiency and environmental sustainability!

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17715 W Pueblo Avenue Goodyear, AZ 85338

$479,990

4 Beds

2 Baths

2,137 SqFt

Status Active

MLS # 6691887

Property Type Single Family Residence

Price Type --

''Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' The Barletta floor plan boasts 4 bedrooms, a den with double doors, a 2-foot garage extension, a soft water loop, and an 8-foot garage door. Additionally, this home will showcase built-in appliances in a chef's kitchen, a gas stub both in the kitchen and for BBQ, a side-by-side stainless steel refrigerator, washer dryer set, and 2-inch window blinds throughout. Anticipated completion is in May 2024.

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2446 E Cy Avenue San Tan Valley, AZ 85140

$479,990

4 Beds

3 Baths

2,219 SqFt

Status Active

MLS # 6697557

Property Type Single Family Residence

Price Type --

New Construction!! Nestled perfectly in the sought after city of San Tan Valley and conveniently located off of Combs Rd and Schnepf Rd.. Adorable 4 bedroom 3 bathroom single story home with a den and spanish exterior. The 3 car garage has extra storage for convenience. This home is uniquely equipped with a spacious owner's suite, stainless steel appliances, quartz kitchen countertops and white shaker style cabinets in the kitchen. This home has been upgrade with wood plank ceramic tiles, backsplash, modern black cabinet hardware, a single basin sink and upgraded faucet. The bathrooms have also been upgraded with matching faucets and hardware throughout! And for buyer's who are looking to take some hassle out of the moving process, Ashton Woods is offering washer, dryer, fridge AND Blinds.

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37980 N Neatwood Drive San Tan Valley, AZ 85140

$479,990

5 Beds

4.5 Baths

3,131 SqFt

Status Active

MLS # 6699248

Property Type Single Family Residence

Price Type --

Beautiful NEW Home in PRIME San Tan Valley location, close proximity to Queen Creek and other major cities. JULY 2024 MOVE-IN! Prime lot bordering common area, overlooking scenic desert views. Featuring countless upgrades such as 9' ceilings, Shaw Ceramic Tile Floors, Granite countertops in the kitchen. Whirlpool Stainless steel appliances and white cabinetry. Washer and Dryer included. Energy-efficient features throughout, Wi-Fi & programmable thermostat, and electric range. Spacious walk-in closet in owner's suite! Front yard landscaping with irrigation included and generous covered patio in the backyard. Minutes from hiking trails and scenic mountain views! Fantastic proposed amenities include community lake, parcourse stations, bike loops and racks, ramadas, shaded play structures, great park area including large community pavilion, BBQ grills, picnic tables, pickleball court and open space areas. Located near Queen Creek, highly rated schools and easy access to shopping centers, dining options and entertainment venues.

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4524 N 91st Drive Phoenix, AZ 85037

$479,990

4 Beds

3 Baths

1,968 SqFt

Status Active

MLS # 6655543

Property Type Single Family Residence

Price Type --

BEAUTIFUL CORNER LOT SINGLE LEVEL HOME IN A GATED COMMUNITY. FEATURES 4BEDS, 3BATHS, 2CAR-GARAGE, AND A BONUS ROOM. UPGRADED 42' CABINET, STAINLESS-STEEL APPLIANCES, REFRIGERATOR, AND CORDS COUNTERTOPS. TILE FLOORING ALL THE RIGHT PLACE. INSIDE LAUNRY ROOM WITH WASHER/DRYER. LOW MAINTENANCE FRONT/BACKYARD WITH PAVER AREA. CONVENIENTLY LOCATED NEAR LOOP 101, 5 MINUTES DRIVE TO THE WESTGATE ENTERTAINMENT DISSTRICT WITH MANY SHOPPING ANE RESTAURANTS NEAR BY THAT MAKE HOME IS GREAT FOR FAMILY OR INVESTMENT POTENTIAL. DON'T FORGET TO CHECK OUT MANY SMART FEATURES IN THE HOME SUCH AS SMART LOCK, MYQ GARAGE DOOR OPENER, PROGRAMABLE THERMALSTAT WITH ALL WIFI CONNECTIONS.

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10814 W Luxton Lane Tolleson, AZ 85353

$479,990

4 Beds

3 Baths

2,075 SqFt

Status Active

MLS # 6680643

Property Type Single Family Residence

Price Type --

FULLY UPGRADED MODEL HOME FOR SALE!! This stunning Craftsman elevation - 4 bedroom, 3 bathroom plus a den is our model home which included our signature level Rockwell Palette featuring 42 inch white upper cabinets with 3 inch crown molding, 2-tone paint, ceiling fans in every bedroom and plenty more! Pull into your pavered driveway, step into your walkway and feel secure with your smart home security ring package upon entry. The Rockwell features 6X36 tile flooring, dark grey carpet pair well with a one of a kind kitchen with a granite countertop and beach sand backsplash. Step into the 8 ft door and witness the foyer space with 9 ft ceilings throughout the home. Finishes include matte black fixtures with rectangular vanity bowls in every bathroom.

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11804 S 173rd Lane Goodyear, AZ 85338

New

$479,990

4 Beds

2 Baths

1,942 SqFt

Status Active

MLS # 6703341

Property Type Single Family Residence

Price Type --

Situated on a homesite facing sweeping views of the Estrella Mountains. A front porch perfect for welcoming guests leads to the grand entryway and hall. The open-concept kitchen includes ample countertop space, a center island, and an expansive walk-in pantry. Host your next dinner party in the open dining and great room then transition to the covered back patio for dessert and a nightcap. Located within the Estrella masterplan with 2 state-of-the-art Residents Clubs including fitness centers and pools, Starsplash Water Park, and a community lake with activities including boat rentals.

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11215 W Marguerite Avenue Tolleson, AZ 85353

$479,990

4 Beds

3 Baths

2,274 SqFt

Status Active

MLS # 6672358

Property Type Single Family Residence

Price Type --

Below Market Financing Available!!!!!!!! This single-story home has a smart layout that is perfect for families who need privacy. Three bedrooms are located at the front of the home, along with a versatile living room. Down the hall is the main living area with a Great Room, kitchen and dining area, while the owner's suite is in the back for added privacy. Photos are renderings of a model home, not the actual home.

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10847 W Avenida Del Rey -- Peoria, AZ 85383

$479,990

3 Beds

2 Baths

1,776 SqFt

Status Active

MLS # 6687406

Property Type Single Family Residence

Price Type --

Indulge in the warmth of contemporary luxury in the heart of North Peoria's Tierra Del Rio neighborhood. Located 1 mile from the dining and retail destination of Four Corners, this gorgeous Pulte home has been immaculately upgraded and maintained. Step into your new sanctuary, built in 2010 and presenting new exterior paint, Italian ceramic tile blanketing the home throughout, a rich gourmet eat-in kitchen, remodeled bathrooms, large walk-in showers, tankless hot water, water conditioner, expansive great room, and French doors framing the outdoor oasis. Enjoy coffee or entertain guests under the custom pergola, or stroll down to the Aqua Fria River Trail, steps from the front door. Close to Lake Pleasant, Peoria schools, energy-efficient, and a 1-year home warranty. This home has it all!

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