Rent to own Homes in Mercedes, TX
Mercedes, Texas is a great place to build a business and raise a family. Because it is ideally situated in a location that receives over 7 million visitors each year, new and established business alike have an opportunity to reach a staggering consumer base. Additionally, residents have access to everything they need in a largely owner-occupied community, making it a place where everyone can live life to the fullest.
Mercedes, TX is a great place for affordable rent-to-own homes! With a median household income of over $39,734 and a median rent of $566, the Mercedes, 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 Mercedes, 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 Mercedes, TX Property Resources
Rent to own Homes in Cities Near Mercedes, 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 Mercedes, TX
No neighborhoods foundPopular Zip Codes in Mercedes, TX
78570 rent to own homesBuying a Home in Mercedes, TX
Mercedes, TX is seeing rapid growth and Mercedes, TX's' housing market remains optimal with an average home price that is -66% below the 2024 national average. Mercedes, 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 Mercedes, TX
Median Rent in Mercedes, TX
7 Top Reasons to Live in Mercedes, TX
It is truly the place to shop until you drop! Mercedes, Texas has become the shopping mecca of South Texas! In fact, the Rio Grande Premium Outlets mall - with 140 designer stores and top brands you love, including Bebe, Brooks Brothers, Aeropostale, Nike, GAP, and Burberry, to name a few - is one of the biggest outdoor shopping areas in all of South Texas.
Affordable living! Mercedes has the second lowest cost of living index in the United States at just 81.4 overall when compared to the total United States average of 100.
Easy access to transportation! Mercedes is ideally situated just four miles from the Progreso International Bridge and near several major US highways, including US Expressway 83. There are also multiple bus lines to transport tourists and residents anywhere they need to travel, locally or abroad, and three international airports that serve the greater Mercedes regional area.
Excellence in health care! Knapp Medical Center (KMC), well-known for quality care and commitment to their patients, is the nearest full-service hospital. There are, however, ten other highly rated health care facilities located within an 18-mile radius of Mercedes. Many of these institutions have also received numerous awards for their excellence and dedication to patient care and safety.
High homeowner rate! Mercedes has a population of 15,570 over an area of 8.6 square miles, which makes for spacious living at only 1,902 people per square mile. The very high owner occupancy rate of 74%, is a good reminder that this community is filled with people who are fully invested in the city. There is also an availability of rent to own homes in the area.
Recreational activities are everywhere! There are many types of recreational activities for tourists and residents alike, from the annual crowd pleasing Rio Grande Valley Livestock Show and Rodeo, to golfing at the Llano Grande Country Club or the Palms at Mid Valley Golf Course. If you are more interested in competitive team sports, head over to support your favorite event at one of the two sporting franchises Mercedes supports locally, including the Edinburg Roadrunners and the Rio Grande Valley White Wings. For those who would rather participate than watch, you can shop competitively and burn calories too.