According to a recent survey by the John D. and Catherine T. MacArthur Foundation, attitudes about home ownership have changed a lot since the housing crisis. The appeal of renting is increasing. That's become very apparent with regard to housing in Sedona. Many of the Sedona area homes for sale under $350,000 have been purchased by investors to be rental properties. In spite of that, demand, and competition for rental homes remains high, and many potential renters are having a difficult time finding a place to live in Sedona. If you're considering a home in Sedona, but are not yet ready to move, consider buying a home now while prices and interest rates are low, and rent it until you're ready to move into it.