Rent to own Homes in University Park, TX
Right outside of Dallas, TX is University Park -- a small university town that's bordered by Dallas on three of its sides. The two towns are so close that many mistake it for Dallas. However, in reality, it's a place with an identity and character all its own. University Park was founded officially in 1924. Since then, it's become a residential enclave in the Dallas Metro area, now serving as the hometown for more than 23,000 people.
University Park, TX is a great place for affordable rent-to-own homes! With a median household income of over $247,716 and a median rent of $2,095, the University Park, 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 University Park, 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 University Park, TX Property Resources
Rent to own Homes in Cities Near University Park, TX
- Addison
- Arlington
- Balch Springs
- Bedford
- Carrollton
- Cedar Hill
- Cockrell Hill
- Colleyville
- Coppell
- Corinth
- Dallas
- Dalworthington Gardens
- DeSoto
- Duncanville
- Farmers Branch
- Ferris
- Forney
- Frisco
- Garland
- Glenn Heights
- Grand Prairie
- Hackberry
- Hebron
- Highland Park
- Hurst
- Hutchins
- Irving
- Lakewood Village
- Lancaster
- Lewisville
- Little Elm
- Lucas
- Mesquite
- Midlothian
- Murphy
- Oak Leaf
- Oak Point
- Ovilla
- Pecan Hill
- Red Oak
- Richardson
- Rockwall
- Rowlett
- Sachse
- Seagoville
- Seis Lagos
- Sunnyvale
- University Park
- Waxahachie
- Wylie
Neighborhoods in University Park, TX
No neighborhoods foundPopular Zip Codes in University Park, TX
75225 rent to own homesBuying a Home in University Park, TX
University Park, TX is seeing rapid growth and University Park, TX's' housing market remains not optimal with an average home price that is 521% above the 2024 national average. University Park, TX is part of Dallas 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 Dallas is 2.18% which is above the national average, which is 0.99%.
Median Home Price in University Park, TX
Median Rent in University Park, TX
Top 4 Reasons to live in University Park
Owners rejoice! People who are looking to own or rent to own a place will find themselves right at home in University Park. That's because way more than half -- about 69 percent of people -- own their residences in the city. People who enjoy reading should consider purchasing a place near the George W. Bush Presidential Library, which is located in town. Other great spots for readers include Logos Bookstore and Barnes and Noble.
Delicious Dining! People in University Park definitely know how to eat. The town is packed with excellent bars and restaurants to cater to nearly any culinary taste. Want Japanese? Go for Sushi Kyoto. If you're in the mood for some more classic bar or pub fare, one of the best choices in town is Savor Gastropub.
Desirable living! People really like living in University Park. That's great news if you're planning to move there. However, it can be difficult to find a place to live in the city, since the vacancy rate is about 5 percent at any time. Don't fret, though; there are lots of excellent housing options that can be found with just a little searching. Want to stay in a hotel while you're looking for the right place to lay your head at night? Try The Lumen or the Bradford Homesuites in town.
Outdoor haven! People in Texas love taking advantage of the warm Texan outdoors. Luckily, this area is the location of some great parks, which means that people have lovely green space to spend their time. Germany Park is a popular place for picnics on the west side of town. The city is also home to Williams Park, Native Texas Park, Turner Centennial Quad, Coffee Park and Caruth Park. For people who want to play sports outside, there's also the very convenient Dallas Country Club nearby.