Welcome to the ultimate guide to buying a mobile home – an increasingly popular housing option that offers affordability, flexibility, and a unique lifestyle. Maybe you’re a first-time buyer searching for an affordable entry into homeownership, or perhaps you’re looking to downsize and embrace a more minimalist way of living. Understanding the ins and outs of buying a mobile home is crucial.
This Redfin article will walk you through the key considerations, benefits, and potential challenges associated with mobile homeownership. So whether you’re looking for mobile homes in Tallahassee, FL, mobile homes in Austin, TX, or just want to know more about this home type, read on to get started.
What is a mobile home?
A mobile home, also known as a manufactured home, is a type of prefabricated housing constructed in a factory and then transported to its intended location. Built to specific standards, these homes are typically placed on a foundation, either temporary or permanent, but once set, they’re not designed for frequent relocation. Their factory-built nature often makes them more affordable than traditionally constructed homes, and they can vary in size, with options ranging from single to multiple sections.
Types of mobile homes
Mobile homes come in various sizes and configurations to cater to different preferences and needs. Single-wide mobile homes are typically the most compact, with a narrower structure. They often have a single long hallway and are ideal for individuals or couples looking for an affordable, space-efficient option.
Double-wide mobile homes are twice the width of single-wide homes, offering more space and a more open floor plan. Triple-wide mobile homes are even larger and offer more room than single and double wide. With three separate sections, they provide generous living areas and multiple bedrooms and often include features like walk-in closets and spacious kitchens.
How much do mobile homes cost
The cost of a mobile home can vary widely based on factors such as size, location, features, and the overall quality of construction. You might find used or smaller mobile homes for around $20,000 to $40,000 on the lower end of the spectrum. These could be basic models with few amenities. Mid-range options with more square footage, modern features, and better finishes could range from $50,000 to $100,000. Larger, high-end mobile homes with premium features and customization might exceed $100,000. However, these are just general estimates, and prices can differ significantly based on regional housing markets and the specific offerings of manufacturers. Additionally, it’s essential to consider other costs such as land purchase or rental, foundation installation, utilities, and potential maintenance expenses.
How to finance a mobile home
Financing a mobile home is somewhat different from a traditional home loan. Interested buyers should explore personal loans, mobile home loans, or chattel loans, which are specifically designed for properties that don’t have a permanent foundation. Some banks, credit unions, and specialized lenders offer these loans.
Additionally, the U.S. Federal Housing Administration (FHA) provides insured loans for manufactured homes and lots. It’s essential to check the eligibility criteria, interest rates, and down payment requirements of each option. Securing financing may also depend on factors such as the age of the mobile home, whether it’s placed on owned or leased land, and if it’s categorized as real property or personal property in that region.
Additional expenses when you buy a mobile home
When buying a mobile home, several additional expenses exceed the initial purchase price. These can vary based on factors such as the type of mobile home, location, and your individual choices. A few of these factors include:
Additional repairs and renovations. These costs should be factored in if you want to customize your mobile home with upgrades such as better appliances, flooring, or fixtures.
Transportation. The cost could be significant if you’ve purchased a mobile home and need to move it. A single-wide mobile home can cost anywhere from $3,000-$9,000, depending on the miles moved, whereas a larger home can cost $15,000 or more.
Site preparation. This includes preparing the land for the mobile home, including leveling, grading, and clearing.
Land lease fees. If you place your mobile home in a park or community, there might be a monthly or annual fee.
Taxes and insurance. Depending on local regulations, you must pay for property tax and insurance.
Pros of buying a mobile home
1. Affordability
One of the primary advantages of purchasing a mobile home is its affordability compared to traditional houses. Mobile homes tend to have lower upfront costs, making homeownership more accessible for people with limited budgets. Additionally, mobile homes often have lower property taxes and utility bills, contributing to long-term cost savings. This affordability can be particularly attractive for first-time homebuyers or those looking to downsize.
2. Faster ownership
Given their prefabricated nature, mobile homes can be produced, delivered, and set up much faster than a home built on-site.
3. Reduced maintenance
Typically, mobile homes have a smaller footprint than traditional homes, which can mean less maintenance and upkeep.
4. Flexibility
Some mobile homeowners appreciate the potential to relocate their home. While not a simple task, moving a mobile home is possible.
5. Community and amenities
Many mobile homes are located within dedicated communities or parks explicitly designed for mobile home residents. These communities often offer recreational facilities, swimming pools, community centers, and social events.
Cons of buying a mobile home
1. Depreciation
Unlike traditional houses, which tend to appreciate over time, mobile homes often depreciate. As the home gets older, its resale value may decline, making it more challenging to build equity. Depreciation can impact your long-term financial outlook and the potential return on your investment.
2. Financing challenges
Securing a loan for a mobile home can be more difficult than for a traditional home. Interest rates for mobile home loans might be higher, and the loan terms might not be as favorable.
3. Land ownership issues
If you don’t own the land where the mobile home is placed, you might have to pay monthly lot rent. There’s also the risk that the land’s owner could sell the property, forcing you to relocate your home.
4. Resale challenges
When it comes time to sell a mobile home, there can be challenges in finding buyers. The narrower pool of potential buyers and concerns about depreciation and perceived quality differences between mobile and traditional homes can lead to longer listing times and potentially lower resale prices.
5. Limited design opportunities
When you buy a mobile home, you might have fewer chances to design it your way because the layouts and structure are already set.
Buying a mobile home: the bottom line
Buyers should carefully weigh the advantages and considerations of purchasing a mobile home based on their preferences and circumstances. With the potential for affordability, flexibility, and a sense of community, mobile homes provide an opportunity for homeownership that aligns with diverse needs. However, approaching the decision with thorough research, budgeting, and a clear understanding of drawbacks, including depreciation and resale challenges, is essential.
Inside: Looking for information on what a typical Christmas bonus in the US is? This guide will help you calculate how much you can expect and what to do with it.
Are you waiting eagerly for that year-end surprise called the Christmas bonus? Like Clark in National Lampoon’s Christmas Vacation?
Or maybe you’re an employer wondering about giving out festive bonuses?
This guide is a jingle bell away with everything you need to know about Christmas bonuses in the United States.
You’ll discover how these additional pays work, what the typical bonus amounts are, tax implications, the benefits of giving a bonus, and wisely spending your bonus. In other words, it decodes everything from the employer’s perspective, right to how it impacts an employee’s pocket and spending decisions.
So, buckle up – you’re about to become a little richer in knowledge. Stay tuned!
What is a typical Christmas bonus?
A Christmas bonus, often referred to as a “13-month-salary,” is a special gift you might receive from your employer at the end of the year.
It depends largely on your company’s resources and financial standing, meaning not everyone will get one.
However, if you’re lucky, you might expect a bonus ranging from 2% to 5% of that, discretionary to your employer.
Thus, the average Christmas bonus would be you could be looking at an additional payout of around $1144-2860, assuming an average income of $57,200.
Does everybody get a Christmas bonus?
Not all employees in the US typically receive a Christmas bonus.
The giving of bonuses varies between companies and roles within those companies.
Personally, I have only had one company that gave out Christmas bonuses. Most companies tend to give their annual year-end bonuses, which may be based on factors like performance or tenure, during the first quarter of the new year.
While a Christmas bonus would be nice as it often serves as an appreciation gesture for hard work throughout the year.
Understanding the concept of Christmas Bonus
A Christmas Bonus is essentially a little financial gift from your employer during the holiday season. Think of it as an extra dollop of icing on your annual salary cake.
It’s typically a percentage of your salary and serves to show appreciation for your hard work throughout the year.
For instance:
Let’s say you earn $80000 a year and your boss awards a Christmas bonus of 5% would then receive an extra $4000 just in time for the festivities.
Your company elects to give all employees a flat $1000 Christmas bonus regardless of seniority.
Note that a Christmas bonus isn’t legally required and varies greatly between businesses.
History of Christmas Bonuses
Woolworth’s birthed this tradition back in 1899, offering a cash bonus of $5 for each year of service with a limit of $25.
In Woolworth’s early years, they established a pattern of rewarding their employees with a generous Christmas bonus.
This practice was seen as an annual tradition and was appreciated by their staff, instilling a sense of loyalty within the workforce.
Over time, Christmas bonuses have evolved not just in amount but in form as well. Besides cash, you could also receive gifts or even lavish holiday parties.
Despite the more modern trend of diminishing Christmas bonuses, this part of Woolworth’s history highlights the positive potential of such incentives.
Factors influencing the amount of Christmas Bonus
Considering factors on the Christmas bonus is crucial because it ensures fair distribution, tailored to individual employees’ performance, length of service, or their specific needs.
We all know that bonuses adequately demonstrate appreciation and recognize the hard work of their employees, increasing their job satisfaction and driving productivity.
So, let’s look into whether or not a Christmas bonus is viable for you or your company.
1. Company policy on Christmas Bonus
A company’s policy about Christmas bonuses is typically laid out in the employee handbook and company policies.
Policies may stipulate that Christmas bonuses are issued under certain circumstances, like when the employee has met specified targets or when the company has performed exceptionally well during the year.
Also, the board of directors may elect to give out one-time Christmas bonuses.
However, if these bonuses are not incorporated into the employee’s employment contract, they are typically subject to the employer’s discretion. Employers must take extra caution to ensure that these bonuses are presented as discretionary and not part of a contractual agreement.
Remember, these factors may vary from one company to another. Always refer to your employer’s specific policies and handbooks for accurate information.
2. Amount of Salary
Your annual gross income might influence the amount of your Christmas bonus, as some employers factor in their employees’ base pay when determining bonus amounts.
However, not all organizations adopt this practice, with some opting for a fixed, equal distribution amongst all staff members regardless of their earnings.
Therefore, depending on your contractual agreement and your employer’s policies, your salary could influence your bonus, but this isn’t a universal rule.
3. Type of Bonus
The types of bonuses vary greatly as companies have the discretion to decide the nature of the bonus, with the decision often driven by the organization’s performance, the individual’s job role, and the overall economic conditions.
They can be incentive-based, linked to performance targets, holiday-exclusive like Christmas bonuses, or tagged to specific business milestones, leading to significant variability.
Here are different types of bonuses you should know about:
Discretionary bonuses: These are given at your employer’s will. They might consider factors like company performance or your personal performance reviews. However, there’s no guarantee you’ll receive one.
Non-discretionary bonuses: These are part of your employment contract. As long as you meet certain criteria, you’ll receive this bonus on top of your salary during the Christmas season.
Non-holiday bonuses: Given outside of the holiday season, these can be extra pay or an item like a company car.
Remember, your bonus type dictates how much you could get for Christmas. Be sure to check your contract!
4. Company Culture
Company culture significantly affects bonuses as it underpins how employees perceive their value and recognition within the organization.
If the culture fosters transparency, fairness, and goal-oriented behaviors, bonuses can effectively serve as an incentive and boost morale. Statistics show that employee loyalty increases when they feel appreciated, which can often be demonstrated through financial bonuses.
Moreover, a culture encouraging open communication assures employees of fair dealing when it comes to awarding bonuses.
Hence, bonuses, when tied to clear goals, become more than just monetary rewards, ensuring employees understand their role in the company’s success.
5. Recipients of the Bonus
In the US, Christmas bonuses are usually gifted to all employees, irrespective of their role or position.
Some of the roles that may receive a Christmas bonus include:
Full-time employees: Usually part of the main workforce, these individuals are often at the receiving end of holiday bonuses.
Part-time employees: Even though they may work fewer hours, many companies consider them for bonuses.
Temporary workers: Though their roles are for a limited time, they are generally excluded as part of the company’s bonus scheme.
Contracted employees: If their contract includes a clause for a holiday bonus, they are quite likely to receive a Christmas bonus. If it does not, they will not receive one.
Remember, the goal is inclusivity, a policy aimed at making every employee feel rewarded and appreciated during the festive season.
6. Holiday Season
Christmas bonuses are commonly offered by employers during the holiday season in the United States. This bonus is seen as a way to show appreciation and respect to employees, which can help to mitigate feelings of burnout.
Companies may elect to give bonuses at other times of the year to motivate their employees and boost their job performance. These bonuses can incentivize individuals to achieve specific company goals, with the promise of additional monetary compensation driving their hard work.
Aside from motivation, off-season bonuses also serve as a token of appreciation, illustrating a company’s recognition and value of their employees’ efforts.
It’s worth noting that a bonus doesn’t necessarily have to be monetary. Examples can also include extra vacation days or other perks.
7. Amount Given to Employees
A Christmas bonus is an extra payment given to employees during the holiday season as a gesture of gratitude for their commitment and hard work.
Factors influencing the Christmas bonus amount include:
Length of service: Employees who’ve been with the company longer might receive a higher bonus. For instance, an employee with a decade of service might receive $1,000 at a rate of $100 per annum.
Based on Salary: Many companies may opt to give a flat percentage related to the salary of their employees.
Flat Amount: Others may give the same amount to all employees across the company.
8. Company’s Financial Resources & Performance
A stronger performing company is more likely to give more bonuses as it typically correlates with higher profits, enabling them to be more generous with employee rewards.
On a company level, if overall performance benchmarks are hit, Christmas bonuses may increase across the board.
In fact, the incentive of bonuses can create a highly driven workforce that pushes towards achieving and even exceeding business goals. Furthermore, companies that distribute bonuses, particularly holiday bonuses, can significantly boost employee morale, fostering both loyalty and a positive company culture.
How to Calculate Your Potential Christmas Bonus
Calculating your Christmas bonus can often seem nebulous, leaving many uncertain about the amount they should expect.
The elusive nature of the Christmas bonus can largely be attributed to the fact that unlike salary, it isn’t typically fixed and may vary based on several factors such as an employee’s performance, the length of their service, or the financial health of the organization.
Despite this, there are a few pointers that can shed light on how to calculate this anticipated festive season reward.
Step 1: Check if you are Eligible for a Christmas bonus
Figuring out your potential Christmas bonus firstly entails a careful examination of the terms of your employment contract, alongside other supporting documentation such as your employee handbook or job offer letters.
These documents accurately establish the contractual relationship between you and your employer and often contain crucial clues about bonus calculations.
For instance, if your contract states that you are entitled to an equivalent of one week’s salary as a Christmas bonus, then you can confidently expect that amount.
Keep in mind the discretion of the employer in case of confusion. Some bonuses might not be contractual but discretionary. Consult your HR department for clarification if needed.
Step 2: Calculate your percentage of the total bonus amount
To calculate your bonus based on your salary, you need to know the exact percentage your employer uses, which usually ranges from 2-5% of your annual earnings.
Multiply your annual salary by the bonus percentage to determine your possible holiday bonus.
For instance, if you earn a yearly salary of $100,000 and your employer gives a 2% bonus, you’ll receive a $2,000 bonus.
Step 3: Is my Christmas Bonus Taxable?
So, if you’re anticipating a hefty holiday bonus, remember, it might be subject to taxes.
Bonuses are often considered supplemental income.
As such, the Internal Revenue Service (IRS) requires a 22% federal income tax on this income, which can reduce your bonus significantly.
State laws also have a part to play. Your holiday bonus is taxed according to your state tax rate, which is another cut from your bonus.
For example, your bonus amount is $5000 after federal taxes of $1100 and state 4% taxes of $200 are deducted, your take-home bonus is $3700.
How to Spend Your Holiday Bonus
The anticipation of receiving that extra lump sum has many employees daydreaming about that eye-catching new car, an extravagantly relaxing vacation, or perhaps the latest tech gadget.
Although it’s tempting to indulge in the pleasure of immediate gratification, there are more finance-savvy alternatives to consider for the effective utilization of your annual bonus.
1. Invest your Christmas Bonus
Getting that skip in your heartbeat when you receive your Christmas bonus is a feeling like no other.
However, the real magic happens when you decide to invest this bonus, making it grow over time instead of spending it all at once.
Here are the top four ways to invest your Christmas bonus:
Wealth Creation: When you invest your bonus, you’re setting yourself up for future wealth. Learn how to invest 10k.
Earn Additional Income: Use your bonus as a kick-start to a side hustle. Many Americans already secure supplemental income this way. In fact, many people are interested in how to make money online for beginners.
Professional Growth: Investing your bonus into professional development is another smart move. Enrolling in online courses that build your technical skills or lead to certifications can enhance your earning potential. Learn to invest 100 to make 1000 a day.
Financial Security: Finally, investing your bonus helps to secure your financial future. Whether it’s putting money into retirement funds or investing in a high-yield savings account, every bit helps set you up for stability and freedom. This sets you up to become financially independent.
Your Christmas bonus could be the first step towards a future of financial growth and security.
2. Consider your financial needs for the coming year
Before you rush to spend your holiday bonus, consider your financial needs for the coming year.
Start by:
Assessing your monthly expenses. How much do you need for essentials like housing, utilities, and food? Compare with the ideal household budget percentages.
Evaluating your emergency fund. Remember, experts recommend at least $1000 in an emergency fund. Plus having three to six months’ worth of expenses stored away in a rainy day fund.
Big expenses coming your way: Do you have any costly expenses like home repairs or car replacement in your future?
You may want to set aside money for those future needs, so you will be financially stable when they happen.
3. Pay Off Bills
Don’t run to the stores before analyzing your debt.
If you have high-interest loans or credit card debt, prioritize paying these down. Our expert tip at Money Bliss is to tackle the highest interest debt first.
Use your bonus to pay off debts: Since a bonus is usually an unexpected sum of money not factored into your annual budget or salary, you can make significant headway in paying off your debts, particularly those with high-interest rates.
Save on interest charges by reducing debt: The bonus can help reduce your debt balance, leading to less interest accruing over time. This move could save you hundreds, even thousands, over the long term.
Consider debt management apps: Apps like UndebtIt help you find a debt free date. Platforms like Tally† can simplify your debt payoff journey with automated payments using a lower-interest line of credit.
Reconsider splurging your holiday bonus: Rather than spending it all on that coveted item or trip, you might want to consider other financially beneficial options.
4. Buy Christmas Gifts
Utilizing your holiday bonus wisely to purchase Christmas gifts can be a smart and rewarding way to use your end-of-year windfall.
Instead of splurging on high-cost items, consider thinking through your holiday gift list and budgeting accordingly.
Bear in mind that enjoying the holiday season doesn’t have to break the bank; as Christmas on a budget is possible.
Don’t forget to spoil yourself with a gift every now and then. You’ve worked hard for this bonus and deserve a treat too.
5. Splurge on Fun Things
It’s absolutely okay to treat yourself with a holiday bonus – after all, you’ve earned it! Using it wisely can add a dash of fun and pure enjoyment to your life.
Now, what do I want for Christmas?
Here are a few fun ways to splurge your holiday bonus:
Dream vacation: The bonus could be your ticket to the vacation you’ve been fantasizing about. Plan carefully to make the most out of it.
Invest in hobby: Whether it’s photography, painting, or gardening, investing in a hobby can prove to be quite rewarding.
Spoil yourself: Get that TV you’ve been eyeing or make a down payment for that new car you fancy.
Remember, pleasure is a great aspect of well-being. So, it’s great to treat yourself once in a while. Just balance it with other financial responsibilities.
6. Invest in Long-Term Goals
Ditch the instant gratification of spending your holiday bonus all at once. Instead, consider investing it towards long-term goals for an even greater payoff.
Here are some easy steps to set you on the right path:
Identify your long-term financial goals. Be it a dream home, kids’ education, or retirement, a clear goal will help you stay motivated.
Assess your current financial situation to gauge how much of the bonus you can invest.
Choose the right investment vehicle. Stocks, bonds, or real estate can be profitable, depending on your risk appetite and time horizon.
Remember, spending wisely today makes for a secure tomorrow.
7. Give Back to the Community
Giving back to your community during the holiday season is a fantastic way to share your fortunes. Not only does it bring joy to those in need, it fosters appreciation, empathy, and understanding.
Here are some thoughtful ways to use your holiday bonus:
Donate to a Local Charity: Identify a local charity that resonates with your values. Every donation counts and your contribution could make a substantial impact.
Sponsor a Family’s Holiday: Many organizations connect sponsors with families in need. Your bonus could help provide them with essential groceries, clothes, toys, and a memorable holiday experience.
Contribute to a Fundraiser: Participate in your community or workplace fundraisers. Your financial support could contribute towards a noble cause, be it medical aid, education, or relief work.
Volunteer Your Time and Skills: Although not a direct use of your bonus, volunteering can be another way to give back. Maybe your bonus might allow you some additional free time to offer.
Remember, volunteering often reflects individual happiness and improves overall well-being.
Do You Expect the Average Christmas Bonus?
Remember, Christmas bonuses can be diversified: from additional checks or sums of money to extra vacation days or tangible gifts.
Everyone always wants a Christmas bonus! So now, you can determine if yours is above or below the average Christmas Bonus!
Based on research, less than a quarter of employers offer a performance-based holiday bonus, so if you’re fortunate enough to receive one, consider investing it to reap greater returns in the future.
The best decision depends on your unique financial situation, so use the above tips to make a smart choice with your bonus money.
Know someone else that needs this, too? Then, please share!!
The Department of Justice (DOJ) announced that it has entered into a settlement with American Bank of Oklahoma (ABOK) to resolve allegations that ABOK engaged in unlawful redlining in Tulsa, Oklahoma. The DOJ opened its investigation of ABOK after receiving a referral from the FDIC.
In its complaint, the DOJ alleged that from 2017 through at least 2021:
All of ABOK’s branches and loan production offices were located in majority-white neighborhoods;
For purposes of the CRA, ABOK designated its Tulsa Metropolitan Services Area (MSA) to exclude all of the majority-Black and Hispanic-census tracts in the MSA;
ABOK did not assign a single loan officer to conduct outreach in majority-Black and Hispanic areas and did not market, advertise, or take steps to generate loans from majority-Black and Hispanic neighborhoods;
ABOK failed to implement effective fair lending compliance management systems;
ABOK significantly underperformed its “peer lenders” in generating home loan applications from majority-Black and Hispanic neighborhoods;
ABOK made a smaller percentage of HMDA-reportable residential mortgage loans in majority-Black and Hispanic neighborhoods compared to its peers; and
ABOK loan officers and executives sent and received emails via their ABOK email accounts containing racial slurs and racist content.
Notably, in addition to alleging that ABOK’s redlining practices violated the Fair Housing Act, the DOJ alleged that such practices violated the Equal Credit Opportunity Act. The question whether the ECOA applies to prospective applicants is currently before the U.S. Court of Appeals for the Seventh Circuit in Townstone Mortgage. The CFPB appealed to the Seventh Circuit from the district court’s decision in the CFPB’s enforcement action against Townstone in which the district court ruled that a redlining claim may not be brought under the ECOA because the statute only applies to applicants and not to prospective applicants.
The actions that ABOK must take under the proposed consent order include:
Hire or designate a full-time director of community lending to oversee the development of ABOK’s mortgage lending in majority-Black and Hispanic census tracts and ABOK’s compliance with the consent order;
Establish a community-oriented loan production office in a majority-Black and Hispanic census tract in Osage, Rogers, Tulsa or Wagoner counties within the Tulsa MSA (Tulsa Lending Area) that has a no-fee ATM for ABOK customers and with lower fees for non-customers than what is available at nearby ATMs for non-customers;
Assign at least two full-time loan officers to solicit mortgage applications primarily in majority-Black and Hispanic census tracts in the Tulsa Lending Area;
Invest at least $950,000 in a loan subsidy fund with the goal of increasing credit for home mortgage loans, home improvement loans, and home refinance loans made in majority-Black and Hispanic neighborhoods in the Tulsa Lending Area (with no more than 25% of the fund to be used for refinances);
Partner with one or more community organizations that provide residents of majority-Black and Hispanic census tracts in the Tulsa Lending Area with services related to credit, financial education, home ownership, and foreclosure prevention and, through these partnerships, spend at least $20,000 per year ($100,000 over the term of the consent order) on professional services to majority-Black and Hispanic census tracts in the Tulsa Lending Area that increase access to residential mortgage credit;
Spend at least $20,000 per year ($100,000 over the term of the consent order) on advertising and outreach directed to residents and prospective residents of majority-Black and Hispanic census tracts in the Tulsa Lending Area;
Advertise its mortgage lending services and products to majority-Black and Hispanic census tracts in the Tulsa Lending Area at least to the same extent that it advertises its mortgage lending services and products to majority-white census tracts in the Tulsa Lending Area; and
Provide at least six financial education events per year, with translation and interpretation services in Spanish, targeted towards residents of majority-Black and Hispanic census tracts in the Tulsa Lending Area.
In its press release about the settlement, the DOJ indicated that it is part of the DOJ’s initiative to combat redlining, which it announced in October 2021. Other redlining cases that have been part of this initiative include settlements with ESSA Bank & Trust and Park National Bank.
According to iPropertyManagement, just over one-third of American households are rental units, such as apartments, townhomes and even single-family residences. That means that of the approximately 332 million people residing in the United States, over 110 million rent.
With that many would-be tenants searching for a new rental unit at any given time, criminals will be out there looking for vulnerable people they can con out of their hard-earned money. However, there are some tell-tale signs that someone is trying to scam you in your apartment search.
Here’s what you need to look for so you don’t fall victim to common rental scams.
1. Don’t fall for misleading advertisements
Landlords and property managers often reach a potential renter by posting advertisements about their available units in newspapers, magazines and on a listing website. That translates into an unthinkable number of rental listings highlighting what’s on the market at any given time, not to mention all vacation rental listings out there.
Or, at least, what’s supposedly available. Rental listing scams are rampant, so it’s imperative to know how to differentiate between a legitimate advertisement and one full of lies.
Don’t be fooled by beautiful pictures advertising an apartment that looks perfect before doing your due diligence on all property matches. When searching for the next place to call your own, keep these suggestions in mind to avoid common rental scams.
2. Review apartment rental listings carefully
When reading advertisements, pay attention to the way it’s written. Skip listings with misspelled words, improper abbreviations or incomplete information. Details are important, so be extra wary if an apartment ad has errors, blank spaces or confusing terms.
Those kinds of no-nos are a potential clue the person posting the ad is not advertising a real place for rent. Or, maybe they aren’t really a legitimate landlord.
3. Is a month’s rent too low?
Another common rental scam is creating an environment that’s too good. For example, is the monthly rent unexpectedly low for what’s being promised? If the average cost to live in your dream neighborhood is $2,000 a month for a one-bedroom, be wary of apartments being advertised in the same vicinity for far less.
Seeing is believing, so be sure to tour the rental property before signing a lease. That investment of time could go a long way to preventing rental fraud.
4. Cash is not king for a security deposit or first month’s rent
Run, don’t walk, from any supposed landlord requesting cash for any debt relating to renting a property, like an application fee or a security deposit. Giving cash means it will be difficult to prove the payment was actually made. Therefore, even if the would-be landlord offers to provide a written receipt, that paper means nothing if they request money and the transaction is a rental scam.
Other payment methods
Other tips when paying rent, the security deposit or the first month’s rent include:
Not wiring money. When you wire money, you run the risk of not having enough of a paper trail.
Using the actual payee’s name and phone number on payment apps like Venmo to ensure the money reaches a legitimate destination
Familiarizing yourself with staff personnel to gain reassurance you’re dealing with a legitimate landlord
The more information you have, the better you can protect yourself from the bad people out there trying to engage in rental scams.
5. Avoid landlords who will not meet in person
It’s said a picture is worth a thousand words, but sometimes, a photo is not always what it seems. Anyone can create and post breathtaking images, its amenities and the surrounding area in an online listing, hoping viewers will like what they see. Therefore, it’s imperative to meet the property manager, landlord or their authorized agent in person before signing on the dotted line.
And, of course, visit the apartment you’re interested in to ensure posted pictures of the abode match the place depicted in the photos. Walking through the rental properties that may become your home is the best way to decide if you like the place. You might feel a vibe you don’t like or realize the available storage space isn’t sufficient for your needs.
Don’t be satisfied with a virtual tour, because the apartment in the video may not be the one you actually rent. If you have to insist on a personal walk-through before renting, you might want to consider walking away instead. This is a sign it could be a rental scam.
Unusual circumstances
A different set of challenges arise when extenuating circumstances prevent a potential tenant from touring a property before renting. One example is if you live out of town and are unable to travel to a new city to visit the apartment prior to signing a lease and moving in. While it’s best to avoid that situation, there are steps to take to decrease the likelihood of falling for a fraudulent listing.
They include:
Asking a friend or relative to check the place out for you
Checking the property address online
Surfing Google Earth for additional details
Requesting the landlord provide references from prior tenants
6. Vet the landlord
Researching a supposed landlord before renting from them can go a long way to preventing fraud.
One way to do that is by checking the website of the county auditor or county recorder where the rental is. That should help you determine who owns the property you want to rent. Be extra careful if it’s difficult to decipher ownership because that could make it easier for someone to perpetrate a fraud.
Hit the internet
While perusing government websites about your would-be landlord, check the criminal courts, too. It could reveal a supposed landlord’s checkered past or their clean background.
Another good place to look online is the county’s municipal court, or wherever you file rental disputes. Does the property owner sue to evict many tenants? How often do they win those cases?
And yet another website to peruse is the Better Business Bureau in the city where the property is or where the landlord has their headquarters. Consumers should report both positive and negative interactions with the business community, so a quick check of their website could reveal whether the landlord or their rental company has ever perpetrated rental scams.
7. Read the lease. Really.
No matter how honest or direct a landlord or property manager might appear, don’t solely rely on a rental listing to decipher what an apartment and its community actually offer.
When you sign a lease, you’re entering into a contract obligating you to perform certain acts, like pay rent on time. The document also explains what the landlord is responsible for, like providing working heat.
If you don’t understand or agree with everything contained in a lease, voice your concerns to the landlord before signing it. It’s too late afterward.
Avoid inexplicable blank spaces on a lease
Don’t sign a lease that’s incomplete. Any missing but pertinent information, such as monthly cost, the rental term and details about who is financially responsible for utilities, are immediate red flags the contact isn’t legitimate.
Rental agreements should also be error-free
A lease agreement is a written contract between a landlord or property manager and a tenant. When a would-be tenant and landlord sign a rental agreement, they enter into a contract requiring certain acts of each of them.
For example, the tenant agrees to pay the rent according to the terms of the contract. The landlord promises to perform whatever the lease promises.
However, a lease pocked with typos, or missing or inaccurate information could be a sign the document is a fraud.
8. Avoid an immediate move-in request
A supposed landlord who insists a potential tenant move in immediately, before a personal walk-through of the place, does not sound legitimate. If nothing else, they sound desperate to rent their unit.
When you tour an apartment and meet the property manager or their representative, they’re meeting with you, too. Normally, an owner takes an interest in who lives in their units. Not taking the time to vet you, as well, should worry you.
Be concerned if they don’t demonstrate that level of concern for their property.
What to do if you’re a victim of rental scams
Unfortunately, despite best efforts not to fall victim to fraudsters, it still happens. If it does, you can fight back.
An initial response is to contact local law enforcement to report the crime. Provide as much information as you can when you contact local authorities to help them in their search for the fraudulent landlord.
Try canceling your method of payment of the security deposit or rent you paid in advance. If you paid cash, you’re out of luck. Using a traceable method, such as a check or credit card, gives you some some recourse to take them to small claims court.
If you wrote a check, contact your bank to determine if somehow, the check was not yet cashed. If it was, report the fraud to your bank. You can also try to stop the payment.
File all the complaints
Don’t forget to file a fraud report with the Federal Trade Commission. While the feds won’t resolve your individual complaint, they use submitted reports to investigate rental scams, unethical business practices and cases of fraud.
The Internet Crime Complaint Center, also known as the IC3, offers another tool for fighting rental fraud. Anyone who believes they’ve been a victim of an Internet crime may file a complaint through that website.
Enjoy a successful apartment search
Finding a great place to live that suits your lifestyle and is affordable is challenging enough, and the prospect of fraud makes it that much more difficult. Create a paper trail of payments for rent or deposits by paying by credit card or check, never by cash. Meet the landlord or their representative personally when you tour the premises and read the written rental agreement thoroughly before signing.
Then, sit back and enjoy your new surroundings.
The information contained in this article is for educational purposes only and does not, and is not intended to, constitute legal or financial advice. Readers are encouraged to seek professional legal or finance advice as they may deem it necessary.
For years, residents in Solano County heard about a mysterious group buying up thousands of acres of farmland and making millionaires out of property owners. The agricultural land had been owned by the same families for decades — some of it for more than a century.
But the company, Flannery Associates, did not say what its plans were for the land, dotted with towering wind turbines and sheep grazing on pastureland. It paid several times market value and made offers on properties that were not for sale, according to officials familiar with the land purchases.
Then, last week, a survey was sent to residents asking them what they thought about “a new city with tens of thousands of new homes, a large solar energy farm, orchards with over a million new trees, and over ten thousand acres of new parks and open space,” according to a screenshot of the survey shared with the Los Angeles Times.
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That’s when it became clear that Flannery Associates had big plans for the rural landscape.
Over a five-year period, the company became the largest landowner in Solano County after purchasing more than 55,000 acres of undeveloped land. The company has paid more than $800 million since 2018, according to court records.
U.S. Rep. John Garamendi, who represents the region, said for years he and other officials were unable to determine who was behind the dizzying land grab. Flannery Associates has purchased land that was restricted to open space and agricultural purposes under a state conservation program.
The company seeks to rezone the land, which would require approval by multiple state and county agencies and wouldn’t be as simple as asking residents to vote on the issue, officials familiar with the process said. But the lack of residential zoning in the area does not seem to be a factor for Flannery Associates.
Since its buying jag began, the company has filed suit in federal court against a group of families the firm purchased property from, seeking $510 million. Flannery Associates claims the families conspired to inflate their property values in a scheme to get more money.
Garamendi (D-Walnut Grove) lambasted the company for how it has handled the purchases and for not working with local residents.
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“Flannery Associates is using secrecy, bully and mobster tactics to force generational farm families to sell,” Garamendi said during an informational committee hearing on Tuesday that addressed the company’s actions.
For years, residents and politicians speculated that Flannery Associates was backed by foreign investors seeking to spy on Travis Air Force Base. Located in Solano County, the base is one of the busiest military facilities in the nation. Most of the land surrounding the base is now owned by Flannery Associates, according to county documents.
Some of the company’s financial backers were revealed in an article last week by the New York Times, and they include a cadre of tech entrepreneurs and venture capitalists.
On the eastern end of Solano County, the city of Rio Vista is now surrounded by Flannery Associates land. Mayor Ronald Kott said that, like many Solano County officials, he had not been approached by anyone from the company to discuss plans for the land.
Although he’s now aware of the company’s goals and some of the financial backers, he’s still unsure how his city of 10,000 residents found itself surrounded by land owned by a group of tech billionaires.
“I have more questions than answers,” Kott said. “Our destiny is going to be determined by whatever they’re going to do.”
Flannery Associates has said little since it was formed as a limited liability company in the state of Delaware in 2018. The company’s actions were first reported by ABC7’s San Francisco Bay Area news station, KGO, which said a mysterious company was purchasing large amounts of land.
Flannery Associates is led by Jan Sramek, a former Goldman Sachs investor who found fame and fortune by the time he was 22, according to a 2010 Business Insider article. Sramek previously worked out of Goldman’s offices in London, but his LinkedIn profile now lists Fairfield, Calif., in Solano County as his primary location.
In a self-help book he co-wrote, Sramek says if given the chance to give his younger self a bit of advice, he would quote Ayn Rand: “The question isn’t who is going to let me; it’s who is going to stop me.”
He did not immediately respond to requests for comment.
For years, Garamendi and U.S. Rep Mike Thompson (D-St. Helena) tried to pierce through the opaque veil that surrounded Flannery Associates. Then, in the last week, representatives of the company attempted to arrange sit-down meetings with the Congress members and the survey was sent out to residents.
The survey said that the issue of a new city might be on next year’s ballot, which was news to Garamendi and Thompson. There have been no efforts made by any groups to get a new measure on the ballot for this project, according to officials. The survey also said the developers would replace the county’s existing aqueduct — calling it “one of the most polluted in California” — generate tax revenue for schools and be entirely funded by private sector money.
Thompson said the company’s actions had raised food and national security concerns. He’s asked the U.S. Air Force, the Treasury Department, the Defense Department and the FBI to investigate the land purchases. Thompson met with representatives from the company, including Sramek, according to KGO.
“And I don’t think they had a clear understanding of the significance of livestock in Solano County,” Thompson said. “And it was my impression that they kind of pooh-poohed the agricultural value of the land.”
Garamendi plans to meet with representatives from Flannery Associates at a later time, according to his office.
Solano County Supervisor Monica Brown is not familiar with Silicon Valley and spent most of her professional career as a schoolteacher. She heard from friends who received the survey and wondered if the company had the best interests of the county’s current residents in mind.
“We’re growing food and helping people. Why would you stop economic growth like that?” she told the Los Angeles Times. “Why would they spend $800 million and not be transparent about it?”
Flannery Associates has purchased more than 140 parcels of land, according to court records and county assessor data. That number is growing every day, officials say.
But in its lawsuit, the company claims that it overpaid and is seeking to claw back some of its money.
Attorneys for Flannery Associates have referenced personal relationships and text messages among neighbors in court documents — neighbors who could be influenced, they argue, by a scheme to drive up asking prices for the land.
The lawsuit has had a chilling effect on some landowners in the Montezuma Hills and Jebson Prairie area of the county. Multiple residents in the area declined to comment about the company for fear of being named in a lawsuit.
Others who spoke on condition of anonymity to avoid retaliation by the company say they feel as though Flannery Associates will target anyone who speaks out about the company’s aggressive tactics to buy land.
Garamendi called the lawsuit a “heavy-handed, despicable intimidation tactic.” He said that the company managed to purchase all the land without any of the current governmental safeguards in place to flag the issue. He said that, in the future, information about large land sales, and who is buying and selling, would be vital for lawmakers and residents.
Thompson introduced a bill that was inspired by the Flannery Associates land purchases that would provide more effective tools for state agencies to investigate large land sales.
Through a spokesperson, Flannery Associates said members of the company “care deeply about the future of Solano County and California and believe their best days are ahead.”
The company said the project aims to bring “good-paying jobs, affordable housing, clean energy, sustainable infrastructure, open space, and a healthy environment” to Solano County.
“We are excited to start working with residents and elected officials, as well as with Travis Air Force Base, on making that happen,” spokesperson Brian Brokaw said.
The company says it resorted to secrecy while purchasing the land to avoid rampant real estate speculation. But it has not disclosed specific details about the scope of its project. Representatives for Flannery Associates are meeting with community leaders to present their vision, according to Brokaw.
Michael Moritz, venture capitalist and longtime San Francisco resident, is one of the financial backers behind the company. In a 2017 email viewed by the New York Times, Moritz described an opportunity to invest in a new California city. He explained how investors could transform farmland into a bustling metropolis.
Sequoia Heritage, the $15-billion wealth management firm Moritz founded in 2010, did not immediately respond to requests for comment.
But in a February New York Times opinion piece, Moritz described some of his frustration with San Francisco and how the city had become “a prize example of how we Democrats have become our own worst enemy.”
He described legislators who deceived voters with tweaks and rule changes to the city’s charter so they could stay in power and drive seismic shifts in the local government.
“The core of the issue, in San Francisco and other cities, is that government is more malleable at the city level than at higher levels of government,” Moritz wrote. “If the U.S. Constitution requires decades and a chisel and hammer to change, San Francisco’s City Charter is like a live Google doc controlled by manipulative copy editors.”
Other financial backers with Flannery Associates include LinkedIn co-founder Reid Hoffman; Andreessen Horowitz venture capital firm investors Marc Andreessen and Chris Dixon; payments company Stripe co-founders Patrick and John Collison; Emerson Collective founder Laurene Powell Jobs; and entrepreneurs turned investors Nat Friedman and Daniel Gross, a Flannery Associates spokesperson confirmed.
Although those names were not repeated at an agricultural committee hearing on Tuesday, lawmakers were thinking of the financial backers’ actions.
Flannery Associates’ land buys threaten the makeup of eastern Solano County, mainly the land under the California Land Conservation Act, which sets aside properties for agricultural purposes and open space. The penalty for not obeying that policy does not seem to dissuade Flannery Associates, former West Sacramento Mayor Christopher Cabaldon said during the committee hearing.
The act, also known as the Williamson Act, can include a fee for the incompatible structures built on the land. For billionaire property owners, that could just be seen as the price of doing business.
“In some sense,” he said, the conservation program has “been like a flag that says, ‘Buy here.’”
The Flannery Associates project illustrates just how weak current tools are for dealing with a project of this size. Secrecy further hampers state regulators unaware of a buyer’s intent for the land, Cabaldon said.
Brokaw, the Flannery Associates spokesperson, said the company wouldn’t comment on specific issues brought up during the committee hearing but was meeting with county and state leaders to address their concerns.
Officials and landowners worry that much of the infrastructure needed to build a new city is just not present in eastern Solano County. And an influx of development would almost certainly drive out any farmers from the region.
But another scenario that could present itself is Flannery Associates moving ahead with its project only to have it fall apart years later.
“Even if the project is rejected locally … you can’t reset the clock,” Cabaldon said. “You cannot turn it back and say, ‘OK, no harm, no foul. Let’s just return to the way that this community was two years ago.’ Because the owners will be gone, the family farmers will have left.”
Times staff writers Jessica Garrison and Ryan Fonseca contributed to this report.
It takes a mortgage industry village Take Toshia Drummond (pictured left), of Approved Mortgage Solutions in Plantation, Fla., who was a schoolteacher for 20 years before entering the industry. “Many, many years ago, I was an English teacher and a literacy coach and ultimately thought that eventually I would be a principal and possibly the … [Read more…]
In 2021, nearly 100,000 people moved to Phoenix. As a whole, Arizona saw a growth of 1.4 percent in 12 months, adding about 270 people every single day.
Why are so many people coming to The Grand Canyon State? Part of the reason is that the cost of living in Arizona is more affordable than in other nearby states, like California, Oregon and Washington. And Arizona is only slightly higher (3.5 percent) than the national average. Plus, the rental rate of the cheapest neighborhoods in Phoenix is considerably more affordable than the overall national average.
What is the average rent in Phoenix?
In the past 12 months, the average rental rate in Phoenix rose by 15.44 percent to $1,687 per month. While no one likes to see the cost of living increase, overall, this is a pretty average increase. Of course, some states saw lower increased rates – some even saw a bit of a decline – but for the most part, many cities had substantial increases. For instance, Mesa, AZ, had a 32.09 percent increase, Tempe, AZ, had a 24.22 percent increase and Chandler, AZ, had a 24.04 percent increase. Scottsdale had a decrease of just more than 10 percent.
Thankfully, despite the increases, there are still plenty of affordable apartments to rent in the area. In fact, the 10 cheapest neighborhoods in Phoenix fall well under the $1,687 per month mark.
The 10 most affordable neighborhoods in Phoenix
If you’re interested in moving to Phoenix but are on a tight budget, we’re here to help! We understand that finding the right apartment is just one piece of the puzzle. The other important part is finding the right neighborhood. Therefore, our list of the cheapest neighborhoods in Phoenix examines the price, as well as the vibe of the community as a whole.
10. South Phoenix
Source: Rent./Proximity 16th St.
Average 2-BR rent: $1,354
Rent change since 2021: -8.62%
The neighborhood of South Phoenix is just a few minutes from the Downtown area. Because of this, it surprises many new renters to find out that this is one of the most affordable neighborhoods in Phoenix. And not only that, but this area had one of the most significant 12-month price decreases of all the neighborhoods we evaluated.
South Phoenix has an abundance of quaint shops, amenities, restaurants, services and attractions – most within walking distance. You’ll find comfort foods like pizza and beer, as well as more posh options if you’re in the mood for some wining and dining.
9. Casa Nueva
Source: Rent./The Met
Average 2-BR rent: $1,310
Rent change since 2021: 0%
Located just over two miles northeast of Downtown Phoenix is the neighborhood of Casa Nueva. The majority of residents are in their 30s and are singles or couples without children. Though the walkability score isn’t that high (54), the bike score is a bit higher (63), so you can get around fairly easily on two wheels.
Because this neighborhood is so close to the city, you’ll have your fair share of excellent restaurants, grocery stores and retail shops, as well as coffee shops, bars and entertainment venues.
However, it’s important to note that there are several green spaces in the area, so you can enjoy the natural beauty of Phoenix.
8. North Mountain
Source: Rent./Fairways on Thunderbird
Average 2-BR rent: $1,220
Rent change since 2021: +1.89%
Of the cheapest neighborhoods in Phoenix, North Mountain was the community that had the lowest 12-month increase on our list. In addition to the affordability, North Mountain is one of the top-rated neighborhoods in Phoenix because of the diversity and outdoor activities.
Residents of the area love that nature surrounds them – there’s North Mountain Park on one side and a nature reserve on the other. Though you’re only about 20-30 minutes away from the city, it feels like you’re living in the rural countryside. Just a few miles drive, though, and you have great shopping and dining options.
7. West Phoenix
Source: Rent./Encore 202
Average 2-BR rent: $1,219
Rent change since 2021: +3.35%
Just because you need to look for an apartment in one of the cheapest places in Phoenix doesn’t mean you can’t have your cake and eat it, too! If urban amenities are high on your must-have list, you need to check out the West Phoenix neighborhood.
As a resident of West Phoenix, you’ll be close to shopping centers, restaurants and entertainment venues.
If you like to get outside as much as possible – or prefer outdoor exercise to indoor options – you’ll be happy to know that there are several places to walk, jog, hike and go on bike rides in this area.
6. Alhambra
Source: Rent./Elevation on Central
Average 2-BR rent: $1,218
Rent change since 2021: +13.23%
Alhambra is one of the most culturally diverse neighborhoods in Phoenix. It has the highest population of Mexican and Native American Phoenicians of any city in Arizona.
If you’re looking for a neighborhood with exciting nightlife activities, you’ll be happy to know that there are plenty of options along the 7th Street Golden Mile Corridor.
Though this neighborhood attracts a lot of young professionals, it’s very much a generational neighborhood. Generation after generation of families grow up in the area, many of them living in the same home where they grew up.
Despite having the highest 12-month increase on our list of the most affordable neighborhoods in Phoenix, Alhambra is still one of the cheapest neighborhoods.
5. Papago Gardens
Source: Rent./Papago Gardens
Average 2-BR rent: $1,159
Rent change since 2021: +4.86%
Papago Gardens is a family-friendly neighborhood that’s committed to historic preservation. The neighborhood has a unique character, and the community wants to make sure they keep it intact. To that end, the Sherwood Heights community convinced the local city council in 2003 to limit the height of new construction. They wanted to keep the aesthetic of existing homes in the area, many of which are from the 1960s.
When you visit the Papago Gardens to look for rentals, you’ll notice tree-lined, winding streets and homes with lush, beautiful landscaping. The stunning mountain range backdrop enhances the beauty of the area.
4. Krall’s Homesites
Source: Rent./Las Ventanas
Average 2-BR rent: $1,121
Rent change since 2021: +11.62%
About 10 miles north of Phoenix is the neighborhood of Krall’s Homesites, one of the cheapest neighborhoods in Phoenix. Most of the people who live in the area say the price is what initially drew them to the area.
Another thing residents like about the area is that they have easy access to grocery stores, places of worship and shopping malls. Getting to Downtown Phoenix takes residents an average of 15-30 minutes, depending on traffic.
Residents also say they enjoy the restaurants in the area and appreciate the abundance of parks and green spaces. It’s a nice change of pace from the bustle of the Downtown area.
3. South Mountain
Source: Rent./Agave Court
Average 2-BR rent: $1,117
Rent change since 2021: -7.76%
The South Mountain neighborhood is one that’s popular with many families. They appreciate that this is one of the most affordable neighborhoods in Phoenix and that most of the public schools in the area have above-average ratings from their fellow parents. They also appreciate that just about all of life’s necessities are within a short distance from home.
New restaurants, homes and businesses are popping up in recent years, which is exciting because it means the community is growing.
There’s a very diverse population, and you’ll find that your neighbors in South Mountain are friendly and helpful. There’s a strong sense of community here.
South Mountain is a nice, quiet neighborhood. Locals like to head to the nearby mountains to explore, hike and experience the fantastic views and sunsets.
2. Melrose Woodlea
Source: Rent./DUO Apartments
Average 2-BR rent: $1,101
Rent change since 2021: 0%
The Melrose Woodlea neighborhood is a community nestled in the Melrose District in the heart of Phoenix. It’s a quiet cottage community with a ton of character. Homes in the area have distinctive 1930s-1940s design features, and residents often say they feel at home as soon as they move into their Melrose Woodlea apartment.
Residents describe the neighborhood as hip and fun, with a strong vintage aesthetic and multiple locally-owned shops peppered throughout the area. Within the neighborhood are several restaurants serving some of the best cuisines you’ll ever taste, including Melrose Kitchen, which has excellent breakfasts and brunch cuisine and a fun ambiance.
1. Lake Biltmore Village
Source: Rent./Union on 28th
Average 2-BR rent: $948
Rent change since 2021: -11.01%
The Lake Biltmore Village had the highest price decrease on our list of the cheapest neighborhoods in Phoenix. That’s not to say, though, that this neighborhood had the highest price decrease of all the communities in Phoenix – including the expensive ones. That honor goes to the community of Arcadia (-13.19 percent).
Lake Biltmore Village is about 35 minutes north of Phoenix, just past the suburb of Glendale. It’s an urban neighborhood that’s somewhat walkable, though it has a better bike score than transit or walkability scores. The community is just off the freeway, making commuting to home or work super easy.
Residents say the area has ample shopping, that their community is quiet and peaceful and that their neighbors are friendly and are there for each other whenever someone needs help.
The most expensive neighborhood in Phoenix
After reviewing our list of the cheapest neighborhoods in Phoenix, some might feel that a pricier community is actually within their budget. If this is how you think, we’ll give you an idea of what it’s like to live in a more expensive area.
The most expensive neighborhood in Phoenix is Kierland, where rent averages approximately $4,254 per month. Kierland is in Scottsdale, which is just over 12 miles from Phoenix.
If you need easy access to great shopping opportunities, this is the neighborhood for you. The Kierland Commons is a mall with plenty of high-end brands. In addition to the excellent shopping, you’ll find multiple casual and fine dining choices throughout the area, including steakhouses, Italian and French restaurants and even fantastic seafood options.
The neighborhood is easily walkable, so you can do some shopping, eat out and enjoy some live entertainment, all without the need for a car. There are also several office spaces in the area, which means you don’t need to commute to Downtown Phoenix for work if you like the idea of working closer to home.
Find an affordable neighborhood for your next apartment
Do the communities on our list of the cheapest neighborhoods in Phoenix sound like a good fit for you? If so, your next step is to find your dream apartment! We can help you with that, too.
Check out our search feature to locate apartments for rent in Phoenix in your ideal neighborhood. Then, use the filters to narrow your search. You can enter the best price range for your budget, as well as your must-have amenities. Then, you’ll get a list of apartments — one of which might be your new home-sweet-home.
Rent prices are based on a rolling weighted average from Rent.’s multifamily rental property inventory as of January 2022. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets. The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Arizona is known for its dry, warm weather and scenic desert vistas. It has a wide range of climate zones, from dry desert basins, to tall, snowy highlands. This has made the state a very appealing place to live, especially during the spring and fall.
Weather is typically on the extreme end throughout the state, from hot summers in Phoenix to cold winters in Flagstaff and the nearby Grand Canyon. However, sometimes these extremes turn into natural disasters, ranging from extreme heat to flash floods. When these happen, it’s essential to be prepared.
So what are the most common natural disasters in Arizona, how are they changing, and what can you do to prepare if you live in the state? Whether you already own a home in Scottsdale or are looking at apartments in Tucson, read on for everything you need to know.
1. Arizona heat waves
Hot, dry weather is common throughout Arizona, especially in the Southern parts of the state, where most of the population lives. Summer temperatures often reach well over 100 degrees Fahrenheit in Phoenix, and in July 2023, temperatures were above 110 degrees for a record 31 straight days.
According to First Street Foundation, nearly 53% (1.7 million) of homes in Arizona currently have an Extreme Heat Factor, meaning the average daily temperature is at least 104 degrees Fahrenheit for the hottest month of the year. This is expected to grow.
Cities often feel the heat worse than other areas due to the urban heat island effect. Phoenix, for example, can be 10-15 degrees Fahrenheit warmer in the evenings than nearby rural areas. The state government is taking an active role in mitigating this issue, such as utilizing cooling technologies and incorporating more native plants.
How to prepare for Arizona heat waves
Heat waves can be intense and last for days, so preparing is essential. Here are a few ways to stay cool in extreme heat:
Stay updated on forecasts and advisories.
Prepare a meal plan that doesn’t involve cooking indoors.
Stay hydrated before, during, and after a heat event.
Make sure your air conditioning is functioning properly.
Switch from incandescent to LED light bulbs.
Stock up on lightweight, protective clothing.
Close blinds, shades, and curtains.
2. Arizona drought
Arizona is especially sensitive to drought, even during average rainfall years. Unfortunately, much of the state is currently dealing with a long-term drought that has been affecting the Southwestern US since 1990. This “megadrought” is due to rising average temperatures and significantly reduced rainfall, which has been exacerbated by human-caused climate change.
Droughts are complicated events that are usually the result of dozens of factors. In Arizona, the primary factors have been reduced rainfall and a shrinking Colorado River, which supplies 36% of Arizona’s water.
Droughts are different from other natural disasters because they are usually long-term events, rather than flooding or dust storms that will generally pass in a day. However, the effects can be dramatic and significantly alter daily life. For example, the Arizona government was recently forced to limit or halt new construction projects around Phoenix due to lack of available groundwater.
Droughts can also increase the frequency and severity of other disasters, such as forest fires, dust storms, and heat waves.
How to prepare for Arizona drought
Because drought has been in place in Arizona for decades already, it’s important to adapt your lifestyle to accommodate lower water use and prepare for future restrictions. For example:
3. Arizona wildfires
Wildfires are common in Arizona. In fact, 74% of properties are at risk of being affected by a wildfire within the next 30 years, one of the highest percentages in the country.
The state’s hot and dry climate, combined with forested mountains in the northern parks of the state, sets the stage for potentially devastating fires. Prolonged droughts, scorching temperatures, and intermittent high winds create a recipe for ignition and rapid fire spread.
The risk of wildfires is worse in May and June until the monsoon season arrives. This is usually when it’s hottest and driest, which helps fuel monsoon activity but leads to dangerous conditions for weeks to months until rain comes.
Wildfires can also lead to parched landscapes, which makes them more susceptible to flooding.
How to prepare for Arizona wildfires
In Arizona, preparing your home and yourself for wildfires is crucial, especially during the summer. Here are a few tips to prepare:
Create a defensible space around your property by removing flammable materials and trimming or removing dry vegetation.
Develop an emergency plan that includes evacuation routes and a communication strategy.
Stay updated on fire weather forecasts and adhere to fire restrictions.
Assemble an emergency kit with essentials and valuable documents.
Ensure your insurance adequately covers fire damage, or if the rising premiums are too high, understand the risks of going uninsured.
Collaborate with your community to prevent fires. This is the most successful way to mitigate fire risk in your neighborhood.
4. Arizona flooding
Arizona is a relatively dry state, but flooding is actually a major threat; 18% of properties are at risk of flooding in the next 30 years. Arizona’s flood risk profile is marked by its arid climate, which makes it particularly susceptible to regional and flash floods despite its reputation for low rainfall. The state is also home to many rivers, mountains, and valleys, which can lead to flooding.
Much of the state’s rugged topography, concrete cities, and dry soil cannot easily absorb sudden heavy downpours, causing water to rush across the surface and overwhelm drainage systems. Even sporadic, intense rainfall events in the highlands during the summer monsoon season can trigger devastating flash floods that pose serious threats to communities and infrastructure.
How to prepare for Arizona flooding
In Arizona, being prepared for flooding is essential, particularly during sudden intense rain and snowmelt events. Because Arizona is prone to flash flooding, you may not have much time to prepare, so it’s critical to practice and have supplies ready during the spring and summer. Here are a few tips to help:
Familiarize yourself with flood risk maps for your area to see your potential risks.
Consider flood insurance if you’re in a high-risk zone.
Keep emergency supplies on hand, including non-perishable food, water, medications, and important documents.
Elevate valuable items in flood-prone areas of your home, and install sandbags or barriers if necessary.
Stay tuned to weather forecasts and alerts, and have a communication plan in place with your family.
5. Arizona dust storms
Arizona is renowned for its breathtaking landscapes and arid climate, but it also faces the looming threat of dust storms, known as “haboobs.” The state’s arid desert terrain, characterized by vast open spaces and loose, dry soil, creates the ideal conditions for these intense dust storms to form. They most often occur during the summer monsoon season and are created by strong downdrafts associated with thunderstorms.
Dust storms are often unpredictable, can be miles long and thousands of feet high, and may last up to an hour. When they hit, it’s essential to protect yourself; inhaling too much dust can be dangerous and may cause valley fever, which is caused by fungal spores that live in dry soil.
How to prepare for Arizona dust storms
You may receive official warnings for dust storms, but they’re often unpredictable. Here are a few tips to help you prepare:
To ensure you’re always prepared, follow commonsense preventive measures and make sure to keep a mask with you at all times during the summer months.
If you plan on driving, remember to pull off the road, turn off your lights, and turn off your car if a dust storm is approaching.
In your home, close windows, doors, vents, and any other opening to prevent dust from getting inside.
Final thoughts on natural disasters in Arizona
Arizona is a rich state full of history and abundant nature, making it a very appealing place to live. Phoenix has consistently been one of the fastest growing cities in the US, and is a top migration destination for homebuyers seeking the sun.
If you’re planning on moving to Arizona or already call the state home, make sure you’re prepared for possible natural disasters and long-term weather events. Understanding the risks and adequately preparing will help you make the most out of living in Arizona. The National Weather Service also offers an experimental map that shows forecasted risks for the current seven-day period. This may be helpful as you prepare for a disaster.
It’s important to note that many natural disasters are worsened by climate change.So no matter how you prepare, reducing your carbon footprint is the best long-term solution.
This article is for informational purposes only. Individual results may vary. This is not intended as a substitute for the services of a licensed and bonded home services or disaster prevention professional. Always seek expert advice and follow all official guidance before, during, and after a disaster.
American Bank of Oklahoma has agreed to invest $1.5 million in credit opportunities for neighborhoods of color in the Tulsa metropolitan area as a settlement with the Department of Justice in an alleged redlining case. The bank denies the allegations.
The DOJ complaint, filed in federal court, claims that the bank failed to provide mortgage lending services from 2017 through at least 2021 in neighborhoods in and around Tulsa, including those that were the site of the 1921 Tulsa Race Massacre.
According to the complaint, all branches and loan production officers were in majority-white neighborhoods and bank employees, including executives and LOs, sent and received emails containing racial slurs and racist content.
The DOJ claims that the bank excluded a majority of Black and Hispanic clients from its service area and ultimately reinforced and perpetuated segregated housing patterns because of race, color or national origin. The investigation followed a Federal Deposit Insurance Corporation (FDIC) referral.
“Providing equal access to credit is essential in every community, but the painful history of Tulsa makes this agreement particularly poignant because the redlined areas include historically Black neighborhoods that have endured the legacy of racial violence and the continuing effects of segregation and discrimination,” Kristen Clarke, assistant attorney general of the Justice Department’s Civil Rights Division, said in a statement.
“American Bank of Oklahoma engaged in the illegal practice of redlining and failed to serve the diverse members of our Tulsa community as they attempted to purchase homes,” Clinton Johnson, U.S. Attorney for the Northern District of Oklahoma, said in a statement.
The American Bank of Oklahoma denied the allegations in a statement but said it “has agreed to resolve the matter to avoid the cost and distraction of protracted litigation.”
As part of the settlement, the bank will invest at least $950,000 in a loan subsidy fund for residents of majority-Black and Hispanic neighborhoods in the Tulsa area; $100,000 for advertising, outreach and consumer education; and $100,000 for community partnerships.
In addition, the bank will open a new community-oriented loan production office in the historically Black area of Tulsa and ensure at least two mortgage LOs are dedicated to servicing majority-Black and Hispanic neighborhoods.
Founded in 1998 by chairman and CEO Joe Landon, along with others, the bank has $383 million in assets and full-service branches in Collinsville, Disney, Muskogee, Ramona and Skiatook.
American Bank of Oklahoma originated $97 million in mortgages in the last 12 months, per the mortgage tech platform Modex. The lender has seven branches and 23 active LOs. Purchases were 49.8% of its volume in the last 12 months, compared to 38.1% in refis.
“As Oklahomans, we carry a profound sense of sorrow for the tragic events of the Tulsa Race Massacre over a century ago. It is with deep concern that we note the Justice Department’s decision to reference this distressing historical event in its complaint against our bank, established a mere 25 years ago,” the bank said in a statement.
U.S. regulators are active in investigating redlining cases.
In June, the DOJ announced a $3 million redlining settlement with ESSA Bank & Trust, which followed a $31 million settlement with City National Bank in January. In 2022, settlements were made with Trident Mortgage Co., Warren Buffet’s Berkshire Hathaway subsidiary, and Lakeland Bank.
Inside: Are you wondering how many weeks are in a school year? This guide will help you answer the ultimate question by state. Plus uncover the number of school days or hours.
Ever had that feeling where your kids seem to always be either in school or at home?
This is a common dilemma many parents and guardians scratch their heads over.
Knowing how many weeks there are in the typical school year not only solves this puzzle but also helps with planning vacations, prioritizing extracurricular activities, and ensuring they don’t miss out on crucial academic days.
The number of school days in a public school year varies significantly by state and even within specific school districts, reflecting the unique approaches and needs of each educational jurisdiction.
This variability results in a range of calendar structures, from standard to modified school weeks, which can impact educational planning and execution.
Understanding this variation in the number of school days is paramount for parents in structuring their work weeks in a year, ensuring that all the fun happens and the kids learn the necessary material.
How Many Weeks in a School Year?
On average, a school year generally includes about 36. However, this can slightly vary depending on your location and the type of school.
For instance, in the United States, a typical school year comprises 180 school days, translating to approximately 36 weeks. This is how many weeks in the academic year.
This calculation includes the school-going days only, excluding weekends and holidays.
When you include no school days from holidays, winter, or spring break, the total number of weeks grows to about 40 weeks.
How many school days are in a year?
The number of school days in a year typically spans from 160 to 180 days, based on the education system in the United States.
This accounts for roughly 36 weeks of schooling.
Thus, allowing plenty of time to enjoy one of these summer jobs for teachers.
Required School Days by State
Did you know that across the United States, each state has a unique number of minimum school days in a year? Yeah, it varies!
In addition, the requirements are set by different groups by the state Department of Education or the local school district.
While Colorado mandates the fewest minimum school days in comparison to other U.S. states, at 160 days, the state still maintains a very similar standard for the minimum required hours of instruction per academic year. Despite the reduced number of days, it does not necessarily indicate less teaching time. This may be why teachers in Colorado are the lowest paid.
Some states like Delaware, Missouri, or Texas only require certain instruction hours, instead of days.
This illustrates that even within differing frameworks, states strive to provide a balanced amount of educational exposure to their students.
As you will see this is way under the number of working days in a year.
Here is the number of student contact days required by each state:
State
State Minimum School Days in Year
Alabama
180 days
Alaska
180 days
Arizona
180 days
Arkansas
178 days
California
180 days
Colorado
160 days
Connecticut
180 days
Delaware
Hours requirement only
District of Columbia
180 days
Florida
180 days
Georgia
180 days
Hawaii
180 days
Idaho
School districts decide on days
Illinois
185 days
Indiana
180 days
Iowa
180 days
Kansas
School districts decide on days
Kentucky
170 days
Louisiana
177 days
Maine
180 days
Maryland
180 days
Massachusetts
180 days
Michigan
180 days
Minnesota
165 days (grades 1 to 11)
Mississippi
180 days
Missouri
Hours requirement only
Montana
School districts decide on days
Nebraska
Hours requirement only
Nevada
180 days
New Hampshire
180 days
New Jersey
180 days
New Mexico
Hours requirement only
New York
180 days
North Carolina
185 days
North Dakota
Hours requirement only
Ohio
School districts decide on days
Oklahoma
180 days
Oregon
Hours requirement only
Pennsylvania
180 days
Rhode Island
180 days
South Carolina
180 days
South Dakota
School districts decide days
Tennessee
180 days
Texas
Hours requirement only
Utah
180 days
Vermont
175 days
Virginia
180 days
Washington
180 days
West Virginia
180 days
Wisconsin
Hours requirement only
Wyoming
175 days
Source: National Center for Education Statistics
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Factors that Influence the Length of the School Year
Knowing how long your school year is can help you plan academically and personally.
But, the question remains will these students be prepared for the number of working hours in a year?
Here are some factors that can influence the duration of a school year:
Legal Requirements:
Every state in the U.S. establishes legal requirements that mandate the minimum amount of instructional days or school hours per year, ensuring that students have a sufficient baseline of educational exposure.
These mandates vary from state to state, with common baselines being around 180 days or varying hours depending on the grade level.
Such requirements can range from 425 hours for Kindergarten in some states to 990 hours for grades 6-12 in others. Exceptions and specific inclusions or exclusions (like recess, lunch, passing periods, etc.) to these instructional times differ among every state, offering districts some flexibility in meeting the standards.
State or City regulations:
State or regional regulations significantly impact the length of the school year depending on climatic, cultural, or other region-specific conditions.
Notably, in areas where the climate includes inclement weather, schools may have longer breaks during winter months to accommodate these conditions.
Also, cultural holidays specific to an area may also necessitate a shift in the school calendar.
School district policies:
School district policies, like budget constraints and teacher contracts, have a crucial role in shaping the length of the school year.
For instance, collective bargaining agreements or contractual obligations could stipulate the length of the academic year, which can differ markedly across various regions.
Similarly, budgetary limitations might lead to reductions or extensions in the number of school weeks, according to the resources available.
Therefore, these policy elements are pivotal in determining the structure and flexibility of the school calendar, directly influencing curriculum planning and the educational opportunities provided to students.
Parental and community expectations:
The effect of parental and community expectations on school calendars can not be underestimated. They undoubtedly play a critical role in shaping the length and structure of the school year.
Parents and the larger community may have certain expectations or preferences that influence when and how long schools are in session. These preferences can significantly shape the academic calendar.
One primary factor is family schedules and routines. Some parents might prefer longer school weeks with shorter breaks scattered throughout the year. This format may align more closely with standard work schedules, minimizing the need for additional childcare arrangements.
On the other hand, some parents might prefer longer breaks, particularly in the summer, to accommodate yearly family vacations. This preference is quite common in many communities where summer holidays are seen as a traditional break for travel and family outings.
School calendars can also be adapted based on parent and community feedback. For example, if a significant number of parents express concerns about children having too much idle time during long breaks, schools might shorten breaks and add more instructional days.
Additional non-instructional days
The overall length of a school year is not entirely determined by the instructional days, but also by these additional non-instructional days.
With more days dedicated to professional development, teachers can enhance their teaching strategies and methodologies, resulting in improved student outcomes. Parent-teacher conferences form another essential component of these additional days, providing a vital platform for communication on students’ progress.
Both these elements contribute to the augmentation of the academic year, extending beyond the set instructional days.
How to Make the Most of the School Year
Making the most of your school year is not just crucial for academic success, but also for your overall well-being.
Here’s how you can do it.
Prioritize time and tasks. Make a list of weekly assignments. Prioritize by deadline and significance, ensuring each task has sufficient time allocated.
Understand your school year structure. This aids in schedule planning, goal setting, and study time allocation.
Create achievable goals. Break them down into manageable tasks and track progress regularly.
Keep track of assignments, due dates, study materials. Use a digital calendar or school planner to stay organized.
Shed light on the opportunity to get ahead. This may be in the form of summer sessions, allowing you to catch up on coursework, and possibly graduate early.
Familiarize yourself with your school’s academic calendar. Make sure to keep note of key dates and deadlines.
Remember, a longer school year equals more opportunities for enrichment activities. So dig into the chances!
FAQ
Yes, there are typically around 36 weeks in a school year, but this can vary.
This calculation is based on the US where most districts require about 180 days of schooling, which roughly translates to 36 weeks. However, this figure may fluctuate between states, districts, and the type of school.
Typically, there aren’t exactly 40 weeks in a school year. On average, based on the U.S educational system, the school year is about 36 weeks.
However, when including breaks and holidays, the total climbs to around 40-42 weeks.
For instance, in the UK, the school year totals 39 weeks.
In Australia, you’d typically have 38.5 weeks of school in a year, broken down into four terms. Each term lasts roughly 10 weeks, but the exact length can vary slightly depending on the state or territory.
Australian kids are in school for roughly 200 days of the year.
School Days and School Weeks – Are You Happy with What is Happening?
Are you satisfied with the average 36 week school year for your child?
While every state sets its requirements, ensuring that your little scholar gets the right quantity and quality of education.
Based on the research, American students receive fewer amount of instructional time compared to their international counterparts, including countries renowned for educational achievements like South Korea, Japan, and Finland.
This suggests that American students may not be getting substantial educational exposure.
However, the adequacy of education isn’t solely determined by the amount of time spent in school. It’s also dependent on other factors like the curriculum content, the emphasis on particular subjects, and the usage of standardized assessments. It’s important to note that these components can differ significantly among countries, leading to differences in the quality and focus of education.
As a parent, knowing this helps you plan what is best for your children as well as the vacations!
It’s your turn to reflect, engage, and make the most of this information.
Know someone else that needs this, too? Then, please share!!