Rent to own Homes in Chaparral, NM
Located at the border between New Mexico and Texas, Chaparral is a small town lying a few miles outside El Paso, Texas. Chaparral has grown into a young, vibrant commuter town with a strong sense of community and dozens of beloved local institutions. Bordered by the Lincoln National Forest to the east and Gila National Forest to the west, it is also exceptionally beautiful, with stunning deserts flanked by steep, rocky mountain ranges.
Chaparral, NM is a great place for affordable rent-to-own homes! With a median household income of over $31,186 and a median rent of $724, the Chaparral, NM 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 Chaparral, NM. 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.
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The Top 4 Reasons to Live in Chaparral, NM
Live well for less! With a median home value of just $66,700, your money will go a long way in Chaparral. You can easily find spacious and sunny four-bedroom homes for sale for under $150,000 in many parts of the town, along with rent to own options. If that wasn't incentive enough, you also get that perfect New Mexico weather and gorgeous desert vistas just beyond the edge of the town.
Small, but not sleepy! Chaparral may boast a population under 15,000, but it still has plenty to do. Bella's Pizzeria, a '50s-themed traditional pizzeria is a local favorite, along with El Bayo restaurant and steakhouse. The town's outdoor enthusiasts can usually be found at the Dolores Wright Park, right next door to the Chaparral High School. There's a strong fitness culture in the town, as shown by the popularity of the Chaparral Taekwondo Academy, a legendary local establishment.
You're in good company! Two of the largest military installations in the United States are almost a stone's throw away from Chaparral. Fort Bliss and White Sands Missile Range, covering a total of 4,900 square miles between them, lie barely fifteen miles out-of-town. Fort Bliss has an especially vibrant history that dates back to 1849. It is also one of the largest employers in the region.
A slice of Big City life! El Paso, home to nearly 680,000 people, is just a twenty minute drive from the center of Chaparral. This means you can get access to all of El Paso's rich history, nightlife, restaurants and work opportunities, while still enjoying Chaparral's small-town rents and sense of community. Imagine trekking through Franklin Mountain State Park, watching a game at Sun Bowl Stadium, or hanging out at the famous Plaza Theater, all while paying less than $451 -- the median rent in Chaparral. What's not to love about that?!