Rent vs. Buy in Marana Arizona: A 10-Year Financial Forecast

Marana, Arizona, nestled just northwest of Tucson, offers a blend of suburban tranquility and desert beauty. As the town continues to grow, many are contemplating whether to rent or buy in this evolving market. Let's dive into a 10-year financial forecast to help guide your decision.

Marana's Real Estate Snapshot (2025)

• Median Home Price: Approximately $438,300

• Average Rent: Around $2,200 per month

• Annual Home Appreciation Rate: Estimated at 3%

• Annual Rent Increase: Estimated at 3%

10-Year Financial Forecast: Renting vs. Buying

Scenario 1: Renting

• Starting Monthly Rent: $2,200

• Annual Rent Increase: 3%

• Total Rent Paid Over 10 Years: Approximately $313,000

Pros of Renting:

• Flexibility to relocate

• No responsibility for maintenance or property taxes

• Lower upfront costs

Cons of Renting:

• No equity accumulation

• Subject to annual rent increases

• Limited control over property modifications

Scenario 2: Buying

• Home Price: $438,300

• Down Payment (10%): $43,830

• Loan Amount: $394,470

• Estimated Monthly Mortgage Payment: Approximately $2,500 (including taxes and insurance)

• Annual Home Appreciation: 3%

• Estimated Home Value After 10 Years: Approximately $589,000

• Total Mortgage Payments Over 10 Years: Approximately $300,000

• Estimated Equity After 10 Years: Approximately $195,000

Pros of Buying:

• Equity accumulation over time

• Potential tax benefits

• Stability in monthly payments (with a fixed-rate mortgage)

• Freedom to customize and renovate

Cons of Buying:

• Higher upfront costs

• Responsibility for maintenance and repairs

• Less flexibility to move without selling

Key Takeaways

While renting in Marana offers flexibility and lower initial costs, buying a home can lead to significant equity accumulation over a decade. With the town’s steady growth and appreciation, homeownership could be a smart long-term investment.

Ready to Explore Your Options in Marana?

Whether you're considering renting or buying, local expertise can make all the difference. Ryan Comstock, a seasoned Realtor in the Marana area, is here to guide you through every step of the process.

📞 Call/Text: (520) 261-4669
🌐 Visit: www.ryancomstock.com

Reach out today to discuss your real estate goals and discover the best path forward in Marana's dynamic market.