Rent to own Homes in Henderson, TX
Situated smack dab at the junction of six thoroughfares in northern Texas, Henderson is a city that's older than the state of Texas itself. Serving as Rusk County's county seat, Henderson is a vibrant mix of rich heritage and natural beauty. Aside from that, this city is also a thriving community with a robust economic outlook, making it an excellent place to settle in.
Henderson, TX is a great place for affordable rent-to-own homes! With a median household income of over $50,964 and a median rent of $802, the Henderson, 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 Henderson, 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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Henderson, TX is seeing rapid growth and Henderson, TX's' housing market remains optimal with an average home price that is -40% below the 2024 national average. Henderson, TX is part of Rusk 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 Rusk is 1.01% which is above the national average, which is 0.99%.
Median Home Price in Henderson, TX
Median Rent in Henderson, TX
Top 6 Reasons to Live in Henderson, Texas
Get immersed in history! Taking a stroll in Henderson's Historical District is like being taken back in time with the number of structures that date back to the Civil War. Some interesting places to see for history buffs include The Oil Derrick Depot Museum, Howard Dickinson House and Henderson Depot, which exhibits an old caboose. Henderson was once the home of cotton plantations and Monte Verdi will give you a glimpse of what the old Henderson looks like.
Affordable rental rate! This city reports an average housing rental rate that's lower than the national average. Those who are looking for affordable properties can start apartment hunting in neighborhoods like Crimcrest, as well as areas surrounding Route 259 and 322.
Wide-open outdoors! The city has wide verdant land and awesome natural beauty for those who like to spend their time outdoors. Lake Forest Park, for one, is a 34-acre park that has a lake and a host of other amenities, which include a gazebo, playground and picnic pavilions. For those who are fond of camping, boating or fishing, the Martin Creek State Park has all that nature can offer.
Low, low property tax rate! With a property tax rate of $9.95 per $1,000 of home value, Henderson's average rate is lower than the national average. This is why rent to own properties in areas like Price, Liberty and Pinehill are attracting interest from investors and home buyers.
Events galore! The Rusk County Youth and Exposition Center and Henderson Civic Center host a lot of events like the Annual Antique Tractor & Engine Show and Sacred Harp Singing Convention, among many others. In addition, the Depot Museum also hosts the Heritage Syrup Festival, an event that highlights folk life in Henderson.
Shops, shops, and more shops! A stroll down the city's Main Street would give you a glimpse of restored buildings that are home to various shops. Check out unique trinkets in antique shops like The Curious Wren and The Mustard Seed, as well as specialty shops like Donovan's and BJ Taylor & Co.