Rent to own Homes in Groves, TX
Located in Jefferson County, Texas, Groves is a city that had a population of 16,144 in 2010. The city is near Port Arthur, Beaumont and Port Neches, while Houston is 88.9 miles away. Groves was founded by in 1886 by Sam Lee. Port Arthur Land Development Company developed the area as Pecan Grove, but the name was later changed to Groves in honor of pioneer Asa Groves. Groves is within the Port Arthur-Beaumont Metropolitan Area.
Groves, TX is a great place for affordable rent-to-own homes! With a median household income of over $56,336 and a median rent of $1,006, the Groves, 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 Groves, 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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77619 rent to own homesBuying a Home in Groves, TX
Groves, TX is seeing rapid growth and Groves, TX's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Groves, TX is part of Jefferson 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 Jefferson is 1.59% which is above the national average, which is 0.99%.
Median Home Price in Groves, TX
Median Rent in Groves, TX
4 Reasons to Live in Groves, TX
Low housing prices! The mean price for all housing units in 2011 was $90,682; for detached houses, it was $91,542. Townhomes were a low $66,308, while apartments ran to $61,976. The median gross rent in 2011 was $753. Beaumont Metro home values are predicted to increase by 2.8 percent in 2014-2015, but city leaders are working to exceed that. The Patch Golf Club / Port Groves Golf Course area on Monroe Street is slated to become a gated subdivision, with new single-family dwellings and a golf course called Indian Springs. Existing residences will also benefit from proximity to the golf course. In the meantime, nearby golf courses are Babe Zaharias Golf Course, Brentwood Country Club and the Henry Homberg Municipal Golf Course in nearby Beaumont.
Low real estate property taxes! The median real estate property tax in Groves in 2012 for housing with mortgages was $1,922. For units without a mortgage, the median tax was $1,103. With all your savings, you can frequent local businesses like The Courtyard Cafe and Gift Mall of Groves, Mimi's Food Hut, or the Mexican Heritage Society of Port Arthur. Within Groves, you can find any type of dwelling, from rent to own townhouses to apartments or larger estates.
Great cuisine! Don't miss Whataburger for America's fast-food favorite with a distinctive Texas twist. Stop by Larry's French Market and Cajun Restaurant, Baytown Seafood and Beau Reeve Restaurant to sample the great tastes of the area. Bruce's Market Basket Grocery Store and Restaurant on Gulf Avenue features a fresh meat market that locals rave about, and Papa Levi's SnoCones on 39th Street is a must-visit for any resident.
Great shopping and fun things to do! From Julian Salter Company to Merle Norman and Bella Boutique, Wilcox Veterinary Clinic and Mires Cabinet Works, every type of business can be found locally. Visit Johnson Memorial Park, Hoffpuair Field, Groves City Park and West Groves Park for a fun day outdoors. Port-a-Pottery is a local business that offers great fun and entertainment for all ages.