Rent to own Homes in Alice, TX
Alice is the seat of Jim Wells County in southern Texas. The 12.3-square-mile city was a prolific cattle producer in the region until 1940s, when oil was discovered and pushed Alice towards industrial boom. Today, it is dubbed The Hub City, serving as a major Texan energy distribution center and home to big oil companies. The 165-foot Alice Water Tower, dubbed the world's tallest water tower, is located in downtown Alice.
Alice, TX is a great place for affordable rent-to-own homes! With a median household income of over $39,770 and a median rent of $789, the Alice, 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 Alice, 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.
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Alice, TX is seeing rapid growth and Alice, TX's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Alice, TX is part of Jim Wells 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 Jim Wells is 1.29% which is above the national average, which is 0.99%.
Median Home Price in Alice, TX
Median Rent in Alice, TX
Top 6 Reasons to Live in Alice, TX
Explore the great Alice outdoors! More than 3 percent of Alice's 12.3 square miles is lush aquatic vegetation great for fishing, hunting and bird-watching. Explore the 247-acre San Fernando Creek Basin a mile north of the city for some crappie fishing and catfish angling. Fishing gears are readily available in nearby West Bait Stand in Riviera.
Feel the rhythm of Tejano music! Alice became the birthplace of soulful Tejano music with the establishment of home-based Ideal Records in 1946 that catered to the growing number of Tejano artists at that time. Check out Tejano sound and cultural showcase at the Tejano ROOTS Hall of Fame Museum on North Wright Street, a short walk from Alice City Hall.
Booming rental property expansion! Alice's growing economy calls for expansion of rental properties for homes and businesses. To meet this challenge, the city allotted 500 acres for additional housing, commercial and office spaces. Home rentals including rent to own houses can be found in the master-planned Alice Multi-Use Complex on Highway 281 and in neighborhoods around the bustling intersection of State Highways 281 and 44.
Live in a certified Park City! Take relaxing strolls in any of Alice's 12 public green spaces, beginning with the walkways of Veterans Plaza Park on South Reynolds up to the charming nature trails of Lake Findley Park on North Texas Boulevard.
Experience the Texan turf! Alice's fairways and rolling greens make it a great golfing destination. Reserve some tee time at the 18-hole Alice Municipal Golf Course on North Texas Boulevard or practice your backswing at the 9-hole Alice Country Club on East Highway 44.
Great place to invest in a home! Home value in Alice is steadily growing at 58 percent over a 10-year period, hence buying a home in Alice is a good investment. Home ownership cost remains competitive, with price of detached homes lower by 55 percent and price of attached units lower by 26 percent from the state average. Homes for sale can be found in neighborhoods around the banking district of East Main Street, near International Bank of Commerce and First National Bank of Texas.