Yesterday I posted that the Greater Phoenix Az area was rated number 1 in the nation for affordable retirement housing. You can read that post here.
I decided to do a little research and find out how many homes were on the market that could be bought for a house payment of $600 per month or less. I used the same criteria U.S. News & World Report did, which is the standard 20% down 80% loan. In other words, a conventional home loan.
There are 840 homes in Sun City AZ that are for sale. Of these there are 538 offered at $153,000 or less. With a 20% down payment, principal and interest would be $600 or less at today’s quoted rate of 4.125% on conventional loans.
Folks, if this isn’t value for a retirement home, I don’t know what value would be.
If you would like more information on Sun City AZ for your retirement or permanent home, please contact me here.
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