Rent to own Homes in Tyler, TX
Tyler, Texas, has the apt nickname, the "Rose Capital of the World," thanks to the beautiful rose bushes throughout the city and the immense inner city garden. The Tyler Rose Garden is the largest of its kind in the United States and is a huge tourist attraction. Officially named after former U.S. President John Tyler, the city is home to nearly 100,000 residents who live and work here. If you're looking for a place to buy or rent, Tyler is a great option.
Tyler, TX is a great place for affordable rent-to-own homes! With a median household income of over $54,883 and a median rent of $945, the Tyler, 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 Tyler, 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 Tyler, TX Property Resources
Rent to own Homes in Cities Near Tyler, TX
- Arp
- Ben Wheeler
- Berryville
- Big Sandy
- Bullard
- Chandler
- Clarksville City
- Coffee City
- Cuney
- Emerald Bay
- Flint
- Gladewater
- Hawkins
- Hideaway
- Holly Lake Ranch
- Jacksonville
- Kilgore
- Larue
- Liberty City
- Lindale
- New Chapel Hill
- New London
- New Summerfield
- Noonday
- Overton
- Shadybrook
- Sunrise Shores
- Troup
- Tyler
- Warren City
- Whitehouse
- Winona
Neighborhoods in Tyler, TX
University Place rent to own homes The Cumberland Estates rent to own homes The Woods rent to own homes Butler College rent to own homes Azalea Residential Historic District rent to own homes Greenbriar Club Lake rent to own homes Cambridge rent to own homes Downtown Tyler rent to own homes Hollytree rent to own homes Stonleigh rent to own homesBuying a Home in Tyler, TX
Tyler, TX is seeing rapid growth and Tyler, TX's' housing market remains optimal with an average home price that is -24% below the 2024 national average. Tyler, TX is part of Smith 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 Smith is 1.36% which is above the national average, which is 0.99%.
Median Home Price in Tyler, TX
Median Rent in Tyler, TX
Top Reasons to Live in Tyler TX
Housing Statistics In Tyler, the average sale price for homes is just under $100,000 for all types of homes, though, Tyler averages about 10 home sales per year. The average listing price in real estate guides is $275,000, despite the much lower average sale price. The yearly number of home sale listings is around 675, with little fluctuation. This number includes rent to own homes.
Arts and Culture Tyler is home to the Caldwell Zoo and the popular Broadway Square Mall, as well as several post-secondary education facilities. Students in Tyler can attend the University of Texas at Tyler, the University of Texas Health Center at Tyler, Texas College, or Tyler Junior College. How does this fit into culture? You can't beat the thriving yet "starving" artist communities that come from these schools. No matter what day of the week it is, local shops always have a new gallery showing from an up-and-coming artist, or a new singer-songwriter ready to show you their stuff. For outdoor entertainment, residents commonly visit Lake Tyler, Lake Palestine, and one of the many beautiful golf courses in the city. Only a few miles away you can find the Tyler State Park, which allows visitors to camp and boat on the lake. Every year, the city hosts the Texas Rose Festival which draws in thousands of tourists.
Weather and Climate The Tyler climate is similar to the rest of east Texas, which really means that is quite unpredictable from season to season. It also means that overall, Tyler conforms to the behavior of a humid subtropical climate like much of the South. The summers are long, humid and hot, and the winters quite short, with record highs of 115 degrees Fahrenheit during the summer, and record lows of less-than-balmy minus-3 degrees during the winter.
Neighborhood Guide Check out more about Tyler's neighborhoods below if you're looking for a rentable, ownable, or rent to own house.