Rent to own Homes in Edinburg, TX
Originally called Chapin, Edinburg was renamed the year it became the county seat of Hidalgo in 1911 in honor of a local businessman who was born in Edinburgh, Scotland. The city has little in common with its European namesake, especially when it comes to its scorching climate. Located near the southern tip of Texas, about twenty miles from the Mexican border, Edinburg is known for its scenic wetlands, which provide a haven for birds and other wildlife, as well as beautiful walking trails for the human population.
Edinburg, TX is a great place for affordable rent-to-own homes! With a median household income of over $51,220 and a median rent of $810, the Edinburg, 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 Edinburg, 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 Edinburg, TX Property Resources
Rent to own Homes in Cities Near Edinburg, TX
- Abram
- Bixby
- Cesar Chavez
- Citrus City
- Doffing
- Faysville
- Grand Acres
- Harding Gill Tract
- Hargill
- Heidelberg
- Hidalgo
- Iglesia Antigua
- Indian Hills
- La Coma Heights
- La Feria
- La Feria North
- Laguna Seca
- La Homa
- Lasara
- Llano Grande
- Lopezville
- Midway North
- Midway South
- Monte Alto
- Muniz
- Murillo
- North Alamo
- Olivarez
- Palmhurst
- Palmview
- Penitas
- Perezville
- Pharr
- Progreso
- Progreso Lakes
- Ratamosa
- Relampago
- Salida Del Sol Estates
- San Carlos
- San Juan
- Santa Maria
- Scissors
- Sebastian
- South Alamo
- Tierra Bonita
- Villa Verde
- Weslaco
- West Sharyland
- Yznaga
- Zapata Ranch
Neighborhoods in Edinburg, TX
No neighborhoods foundPopular Zip Codes in Edinburg, TX
78539 rent to own homesBuying a Home in Edinburg, TX
Edinburg, TX is seeing rapid growth and Edinburg, TX's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Edinburg, TX is part of Hidalgo 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 Hidalgo is 1.92% which is above the national average, which is 0.99%.
Median Home Price in Edinburg, TX
Median Rent in Edinburg, TX
Top Reasons to Live in Edinburg TX
Housing Statistics Housing activity has slowed in Edinburg, with the number of transactions dropping from 163 in Q4 2012 to just 71 in Q1 2013. The annual residential turnover rate is currently relatively high at 25%. More properties are being offered on a rent to own basis to combat dwindling sales. Meanwhile, the average price of a sold hose in Q1 2013 was $125,000 and the median was slightly below this at $113,000. Both figures are almost identical to the previous year.
Local Sports The University of Texas-Pan America has a number of teams competing in NCAA Division I as the Broncs, providing a focus point for the community's sports fans. There's plenty of choice when it comes to who to support as both men and women are represented in basketball, cross country, golf, tennis, and track and field. Over the next two years, the university will also begin fielding both a female and male soccer team.
Largest Employers and Industries Statistics for the greater Edinburg metro area show that the majority of the city's jobs are in three key industries: education and healthcare, government, and trade, transportation and utilities. Education and healthcare services and government each make up a quarter of all jobs, with around 100,000 employees combined, while trade, transportation and utilities accounts for a further 46,000 jobs. Of the remaining industries, leisure and hospitality is the most significant, with 18,600 jobs.
Local Restaurants Eating in Edinburg is all about big flavors at small prices. This is particularly true of Mexican restaurants, since there are so many that have to compete with each other. You'll want to start with El Pato's on University Drive before making your way around the city's other eateries to find your personal favorites. If your tastebuds start screaming out for something different, there's plenty to placate them with, such as Armando's Pizza or the Vietnamese restaurant Chopstix, both of which are also on University Drive.
Outdoor Activities Within the city limits there are a few ways to keep yourself occupied outdoors. You can tee off at a number of golf courses, including Los Lagos Golf Club or the Edinburg Municipal Golf Course. The city's public parks offer a number of facilities that can help you make the most of good weather. The Municipal Park is the largest and has baseball and soccer fields, a basketball court, and fishing areas. If you'd rather get in the water than sit next to it, Fountain Park and Frontier Park are just two of the places you can go for a swim.