Rent to own Homes in Laredo, TX
Located on the border next to the Rio Grande, Laredo, Texas sometimes gets confused with the neighboring city Nuevo Laredo, in Mexico, but America's Laredo is a safe place with many attractive amenities encompassing education, entertainment and cultural diversions. Texas A and M University is located here, as are Laredo Community College and other notable institutions of higher learning. The Planetarium is intellectually stimulating and a fabulously fun time for people of all ages. Though the climate is hot and dry, there are lots of bodies of water that adventurous and active folks love to take advantage of, including Lake Casa Blanca in the International State Park of the same name. It's true that Laredo's housing market has hit some bumps, but it's recovering slowly yet steadily. Families hoping to raise kids or students looking for cheap accommodations should scoop up the inexpensive real estate while it stays affordable. There are great options for rent to own houses, homes to purchase or apartments to rent.
Laredo, TX is a great place for affordable rent-to-own homes! With a median household income of over $51,120 and a median rent of $858, the Laredo, 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 Laredo, 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 Laredo, TX Property Resources
Rent to own Homes in Cities Near Laredo, TX
- Bonanza Hills
- Botines
- Colorado Acres
- El Cenizo
- Four Points
- Hillside Acres
- La Coma
- La Moca Ranch
- La Presa
- Laredo
- Laredo Ranchettes
- Laredo Ranchettes West
- Las Haciendas
- Las Pilas
- Los Altos
- Los Arcos
- Los Centenarios
- Los Corralitos
- Los Huisaches
- Los Minerales
- Los Nopalitos
- Los Veteranos I
- Los Veteranos II
- Pueblo East
- Pueblo Nuevo
- Ranchitos East
- Ranchitos Las Lomas
- Ranchos Penitas West
- Rio Bravo
- San Carlos I
- San Carlos II
- Sunset Acres
- Tanquecitos South Acres
- Tanquecitos South Acres II
- Valle Verde
Neighborhoods in Laredo, TX
Central Business District rent to own homes El Cuatro rent to own homes Siete Nuevo rent to own homes Regency Park rent to own homes J.S.J. Estates rent to own homes Calton Gardens rent to own homes El Trompe rent to own homes El Trece rent to own homes Riverhill rent to own homes La Guadalupe rent to own homesPopular Zip Codes in Laredo, TX
78042 rent to own homes 78041 rent to own homes 78040 rent to own homesBuying a Home in Laredo, TX
Laredo, TX is seeing rapid growth and Laredo, TX's' housing market remains optimal with an average home price that is -36% below the 2024 national average. Laredo, TX is part of Webb 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 Webb is 2.18% which is above the national average, which is 0.99%.
Median Home Price in Laredo, TX
Median Rent in Laredo, TX
Top Reasons to Live in Laredo TX
Housing Statistics The Laredo housing market is improving in 2013, though it hasn't yet reached the levels it enjoyed in 2011 or earlier. However, there is a marked improvement over last year at the same time. The median price for a home currently sits around $169,000, though different neighborhoods will vary this estimate wildly. That number is helpfully 5.7 percent higher than a year ago, so values are going up. The mean price for a detached house is worth considering as well, as many people opt for townhouses or rentals. In 2009 a detached home ran a buyer $105,337, and shoppers today can expect even better deals.
Local Restaurants There are hundreds of excellent eateries in Laredo, including downtown and all over the border between countries. Both students and families love dining out, and Mexican is the preferred cuisine choice. Taco Palenque is particularly popular, with the tortillas and salsa called out as superior. Texas Roadhouse is an American style restaurant with steak, barbecue and southern favorites available. El Capataz is an upscale dining establishment, also with Mexican fare, but they're known as a high-end gastropub, with an excellent selection of draught beers and seafood.
Largest Employers and Industries The most common industries in Laredo are educational services and construction. Women make up the majority of individuals working in education, while men make up the majority of individuals working in construction. Trade is high in the city, where many trucking companies do international business with Mexico and have foundations in Laredo. The United Independent School District is the number one employer, with 6,073 employees, followed closely by Laredo Independent School District with 4,200 employees. The largest private sector employer was H.E.B. Grocery with 1,668 employees.
Neighborhoods Though there are lots of smaller neighborhoods in Laredo, and the larger areas often encompass them. In fact, there are dozens of smaller neighborhoods, some of which are industrial parks and green spaces, but getting to know Laredo means knowing the larger areas first, and then exploring distinctive districts on the ground. It is worth pointing out, there are several historical districts located downtown, but for these purposes they will be combined, as they are only a few blocks large. No matter where you end up, there are lots of choices for purchasing a home including buying or renting.