Rent to own Homes in Odessa, TX
Odessa, TX is a great place for affordable rent-to-own homes! With a median household income of over $63,829 and a median rent of $1,104, the Odessa, 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 Odessa, 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 Odessa, TX Property Resources
Rent to own Homes in Cities Near Odessa, TX
Neighborhoods in Odessa, TX
Cielo Vista rent to own homes Royalty Heights rent to own homes North Park rent to own homes Downtown Odessa rent to own homes Southside Odessa rent to own homes Teepee Heights rent to own homes Parks Lagado rent to own homes Hillside rent to own homes Briarwood rent to own homes Sherwood rent to own homesPopular Zip Codes in Odessa, TX
79760 rent to own homes 79768 rent to own homes 79762 rent to own homes 79765 rent to own homes 79761 rent to own homesBuying a Home in Odessa, TX
Odessa, TX is seeing rapid growth and Odessa, TX's' housing market remains optimal with an average home price that is -27% below the 2024 national average. Odessa, TX is part of Ector 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 Ector is 1.41% which is above the national average, which is 0.99%.