Rent to own Homes in Mineral Wells, TX
Although its big claim to fame is a historic hotel and the mineral springs that flow through the area, Mineral Wells has much more going for it than buildings and water. The city, which is split between Parker and Palo Pinto Counties in Texas, played host to the Republican state convention that eventually led to the election of Dwight D. Eisenhower. This historical significance aside, there are a variety of reasons to call this city home.
Mineral Wells, TX is a great place for affordable rent-to-own homes! With a median household income of over $52,038 and a median rent of $840, the Mineral Wells, 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 Mineral Wells, 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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76067 rent to own homesBuying a Home in Mineral Wells, TX
Mineral Wells, TX is seeing rapid growth and Mineral Wells, TX's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Mineral Wells, TX is part of Palo Pinto 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 Palo Pinto is 1.17% which is above the national average, which is 0.99%.
Median Home Price in Mineral Wells, TX
Median Rent in Mineral Wells, TX
Top 5 Reasons to Live in Mineral Wells
Benefit from quickly rising home values! Even though the majority of America's housing market took a hit in 2008, this wasn't so much the case for Mineral Wells. Over the past decade, for instance, home valuations in the neighborhood have increased over 40 percent compared to the 12 percent national average. Whether you want to buy near Mineral Wells Airport or choose from rent to own houses near Lion Park, you'll get a home that's sure to increase in value.
Enjoy an active nightlife! Although Mineral Wells definitely has that quaint small-town feeling, this doesn't mean you can't enjoy an active night life. Head over to Keefers or the Brazos Club for a quick drink with friends. This is a great way to meet new people after moving to a new city. Make a night of it!
Enjoy super-affordable housing prices! Many would assume that a real estate market that's seen 40 percent growth is out of most people's price range, but this isn't the case in Mineral Wells. Those looking to purchase a home here will pay less than half of the average American housing cost. You can use these savings to get nightly dinners at Mesquite Pit or enjoy all three movies showing at Brazos Cinema in one day. Either way, you earned it.
Shopping 'till you drop! Shopping in Mineral Wells brings an eclectic mix of shops. If you're looking for a florist, stop by Fresh and Fruity Bouquets and Bakery, but this isn't just any florist. Fresh and Fruity does editable arrangements and while you're there, you can stop by their bakery as well. Mineral Wells also has your general Sears and Walmart for all your shopping needs.
Drink great-tasting local water! The Famous Mineral Water Company bottles the only natural mineral water in Texas under the brand name of Crazy Water. This water comes from the same famous Crazy Well that has attracted tourists since 1900. Visit the company for a tour at Northwest 6th Street in Mineral Wells, which is one block away from North Oak Avenue near West Hubbard Street.