Rent to own Homes in Pasadena, TX
Pasadena, Texas, one of the biggest municipalities in the state, was originally named after the California city of the same name because of its lush vegetation. The area has a rich but turbulent history of skirmishes with Native Americans and Mexicans. It was the site of the final battle in Texas' war to become independent of Mexico, earning it the moniker of "The Birthplace of Texas." Today, Pasadena has a population of 149,043 and is the 17th largest city in Texas. It is considered part of the Houston metropolitan area.
Pasadena, TX is a great place for affordable rent-to-own homes! With a median household income of over $57,781 and a median rent of $993, the Pasadena, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Pasadena, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Pasadena, TX Property Resources
Rent to own Homes in Cities Near Pasadena, TX
- Aldine
- Atascocita
- Bacliff
- Barrett
- Baytown
- Beach City
- Bellaire
- Brookside Village
- Channelview
- Clear Lake Shores
- Cloverleaf
- Cove
- Crosby
- Dayton
- Deer Park
- Dickinson
- El Lago
- Fresno
- Friendswood
- Galena Park
- Highlands
- Hillcrest
- Hitchcock
- Houston
- Humble
- Iowa Colony
- Jacinto City
- Kemah
- La Marque
- La Porte
- League City
- Manvel
- Mont Belvieu
- Morgan's Point
- Nassau Bay
- Old River-Winfree
- Pasadena
- Pearland
- San Leon
- Santa Fe
- Seabrook
- Sheldon
- Shoreacres
- South Houston
- Southside Place
- Taylor Lake Village
- Texas City
- Wallisville
- Webster
- West University Place
Neighborhoods in Pasadena, TX
Downtown Pasadena rent to own homes Deepwater rent to own homes East Pasadena rent to own homes Satsuma Heights rent to own homes Kingsdale rent to own homes Parkwood rent to own homes Satsuma El Porvenir rent to own homes Alta Vista Acres rent to own homes Williams Acres rent to own homes Golden Acres rent to own homesBuying a Home in Pasadena, TX
Pasadena, TX is seeing rapid growth and Pasadena, TX's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Pasadena, TX is part of Harris county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Harris is 2.31% which is above the national average, which is 0.99%.
Median Home Price in Pasadena, TX
Median Rent in Pasadena, TX
Top Reasons to Live in Pasadena, TX
Housing Statistics About 93 percent of Texas' available housing is currently occupied. Of the 47,063 occupied homes, approximately 44 percent are occupied by renters. Some people are involved in rent to own arrangements, but most people who don't own their home simply rent. The median price of a house in Pasadena is $186,768. Fifty-eight percent of Pasadena homeowners have a mortgage on their home. The median rent in Pasadena is $718. Rent to own houses, as contract rentals, have a lower median rent of $579. Whether you rent with the intent to own or not, the median housing cost in Pasadena is $823 per month.
Local Shopping There are plenty of places to go shopping in Pasadena. The Pasadena Town Square Mall has a large number of department stores and retail chains, as well as stores that are local to Texas. It also offers a kids' play area, stroller and wheelchair rentals and fax and copy services. The Allen Center may be a better bet if you're looking for local shops. Once there, stop by Billy's Donut Shop and get yourself a dozen for the road.
Local Events and Festivals Pasadena is a very patriotic and family-oriented community. Events and festivals include an all-day July 4th festival that includes a barbecue lunch, outdoor activities and fireworks. The festival usually features a car show and live music as well. There is a special kids' play area so that kids can enjoy the 4th in a safe, appropriate manner. Also in July is The Street Olympics, where local athletes compete in hurdle jumping, races, gymnastics events and more. And be sure not to miss the annual Pasadena Strawberry Festival, which celebrates both Clara Barton's donation of strawberry plants in the early 1900s and Pasadena's continuing success at growing strawberries. Strawberries were once the primary moneymaker for Pasadena; today, festival organizers buy them from a produce company and sell strawberry-themed desserts, in addition to the strawberries themselves. The festival also includes live music and other performances. The festival is held outdoors, even if it rains.
Largest Employers and Industries Pasadena's economy depends on several industries, including petroleum, oil and natural gas industries, maritime shipping, aerospace, and health car. Aerospace is especially important in Pasadena, as it is close to the NASA base in Houston. There is also a big military presence in the area. The top employers in Pasadena are the Pasadena Independent School District, Dorsett Brothers Concrete Supply, San Jacinto College District, The Boeing Company, Mundy Company, Zachry Holdings, Shell: Deer Park, SGS Petroleum Service Corporation, Silver Eagle Distributors, and the City of Pasadena
Transportation and Commutes There are three freeway systems in Pasadena, and all are widely used by residents. Interstate 45 connects Dallas, Houston and the Gulf of Mexico. Pasadena residents can take it south to Mexico or north to Dallas. The Pasadena Freeway is part of an east-west road connecting Houston and La Porte. The Sam Houston Tollway runs through eastern Pasadena. The Harris County Toll Road Authority distributes EZ Tags for toll payment.