Rent to own Homes in Palestine, TX
This east Texas city of over 18,000 residents is notably home to the NASA Columbia Scientific Balloon Facility, which is known for flying over 1,700 high-altitude research balloons. On the ground, Palestine is the county seat for Anderson County and hosts the annual springtime Dogwood Trails Festival, as well as the Museum of East Texas Culture, and the East Texas National Bank.
Palestine, TX is a great place for affordable rent-to-own homes! With a median household income of over $40,684 and a median rent of $834, the Palestine, 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 Palestine, 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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Rent to own Homes in Cities Near Palestine, TX
Neighborhoods in Palestine, TX
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75802 rent to own homesBuying a Home in Palestine, TX
Palestine, TX is seeing rapid growth and Palestine, TX's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Palestine, TX is part of Anderson 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 Anderson is 1.24% which is above the national average, which is 0.99%.
Median Home Price in Palestine, TX
Median Rent in Palestine, TX
7 Reasons to Live in Palestine, TX
Reasonable real estate! Finding a rent to own home in this community is a real bargain. In the city center, properties are less expensive on average than 92 percent of other Texas neighborhoods and 96 percent of neighborhoods nationwide. Consider property near pleasant Reagan Park or pretty Spring Park Lake.
Available vacancies! Not only are homes in the area reasonably priced, but vacant homes and apartments are relatively easy to find, with an average vacancy rate of 28 percent. To be close to the action, choose from medium sized to small single family homes and apartments in the heart of town. For a bit more space, enjoy a neighborhood with plenty of room between single family homes and mobile homes like Cayuga Bethel, which is close to picturesque areas like Gus Engeling Wildlife Management Area.
Historic charm! Palestine boasts some 1,800 historic sites with many landmark properties in the Main Street District. It's also the home of the Texas State Railroad. The Texas Railroad Society Museum offers model trains, train artifacts and memorabilia, and interactive exhibits. All aboard!
Unique and world famous architecture! Palestine is home to the Philip Beesley Hylozoic Series, a world-famous responsive architecture exhibit created from plant-like elements that sense visitors and respond with movement. See the future of architecture and technology in the Palestine Mall.
Fantastic community events! The annual Dogwood Classic Rodeo is held in April at the Anderson County Livestock Pavilion. If roping and riding isn't your thing, every October the town hosts the Hot Pepper Festival with BBQ and chili cook-offs, live music, arts and crafts, and of course, a pepper eating contest -- some like it hot.
Great musical events! Five times a year, Palestine serves up the fine sounds of the Dogwood Jamboree, a series of Branson-style country music concerts. But that's not the only entertainment option; classic cinema is held at Reagan Park the first Saturday of every month, free.
Fun for golfers! Pine Dunes Golf Course made the Texas number one spot for best courses from 2010 to 2012. Elkhart Golf Course is another 18 hole course with a grand east Texas reputation.