Is Buying A Home Cheaper Than Renting In Arizona?


Survey Says: Yes! According to Trulia, in 100 of the nations largest metro areas, buying a home is currently about 38% cheaper than renting. When we look closer at the average for the Phoenix area it is about 33% cheaper to buy vs. rent and about 42% for the Tucson area. Trulia does take into account a steady, but moderate appreciation of ownership as well as the tax deductions available for homeowners.

Everyone has a unique situation and it would be unwise to tell every person that they will save money by buying a home instead of renting. However, there is a potential for those who can stay put for a few years to save and possibly even make some money. For more information about Trulia’s findings and calculations, click on the picture to be directed to their website.

If you would like to discuss your options for investing in real estate with an experienced professional, please give our office a call. We can assist you with all of your real estate needs and goals. 480.656.9125

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About the author

As a successful real estate investor and Realtor®, James Wehner’s focus is to assist buyers (investors, first time home-buyers, second home-buyers, relocation…etc) and help them find the best deal that matches their real estate needs.

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