Flagstaff Property Market and Real Estate Guide

(Flagstaff, Arizona - AZ, USA)

Flagstaff is ranked as one of the most liveable cities in Arizona, resulting in perpetually high land values. The area is known for its open spaces, beautiful ranch homes and safe neighborhoods. Its natural beauty has made the city a popular tourist destination over the past few decades, with many summer visitors.

The cost of living in Flagstaff is higher than other Arizona cities and the US national average is something to consider when deciding whether to buy or rent a home or serviced apartment here. Renting serviced apartments is in many cases more economically feasible for those here for less than two years, as Flagstaff's high university student population keeps rental prices down. However, term times should be kept in mind when looking for a serviced apartment, with spring availability higher than autumn.

Renting Serviced Apartments

Flagstaff has an ample amount of serviced apartments available, largely due to the influence of Northern Arizona University and the local community college. At 27 years, the population's median age is quite young, which has led to a marked increase in available apartment options. Amenities provided include Internet access, cleaning, pet access and security, and are on a par with those in larger US cities.

The wide range of serviced apartments here gives more flexibility in terms of leasing arrangements than is normally found elsewhere. While most landlords will require a 12-month lease, there are some who allow shorter timeframes, even month-to-month, without an exorbitantly increased rate.

Buying Apartments and Houses

Buying property in almost every city in the US during the past five years has been a high-risk venture, due to gloomy economic conditions and a high rate of foreclosures. Nevertheless, property values here have not dropped as much as in the rest of the country and many real estate analysts believe the market will soon recover to its 2006 high rate of investment returns.

Condos have decreases in value far more than houses in Flagstaff, mainly due to new developments saturating the market and driving prices down. For those who plan on staying for an extended period, condo purchase may be risky if further falls occur over the years but, for a short stay, this seems a viable investment option.

Real Estate Agents

There are plenty of homes, ranches, and serviced apartments to choose from in Flagstaff. Finding the right realtor is important, since it prevents buyers being bogged down by too much choice. The realtors listed here all have experience in the area, and are sure to find an accommodation that suits you.

Check out the following Flagstaff realtors and real estate agents:

RE / MAX
Address: 717 West Riordan Road, Flagstaff, Arizona AZ, 86001, USA
Tel: +1 928 714 0001
Email: ann@bestflagstaffhomes.com
Website: www.bestflagstaffhomes.com
RE / MAX is an industry leader in finding homes and serviced apartments throughout the US. The Flagstaff office has expertise in the area that can help you find the best accommodation for your needs.

Flagstaff Real Estate
Address: 5200 Courtland Boulevard, Suite D-1, Flagstaff, Arizona AZ, 86004, USA
Tel: +1 928 526 5309
Email: dallas@flagstaffrealestate.com
Website: www.flagstaffrealestate.com
This local company has been serving this part of Arizona for years and can help you find an apartment or house in the area at an affordable price.

Flagstaff Top Producers Real Estate
Address: 323 South River Run Road, Flagstaff, Arizona AZ, 86001, USA
Tel: +1 928 214 7100
Email: contact via website
Website: www.flagstaffhouses.com
Flagstaff Top Producers has several agents with extensive experience in finding suitable houses, condos, and ranches in the Flagstaff area.