Rent to own Homes in Texarkana, AR
Texarkana, Arkansas is a sprawling "bi-city"-- it actually crosses the state line into Texas, where the city of Texarkana, Texas is officially a different area. The Texarkana Federal Building straddles the Arkansas-Texas borders and is in both cities, also serving both the split areas. The city offers lots of great museums, like the Tex-Ark Antique Auto Museum, and attractions like the Holiday Springs Water Park.
Texarkana, AR is a great place for affordable rent-to-own homes! With a median household income of over $41,873 and a median rent of $747, the Texarkana, AR 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 Texarkana, AR. 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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Texarkana, AR is seeing rapid growth and Texarkana, AR's' housing market remains optimal with an average home price that is -41% below the 2024 national average. Texarkana, AR is part of Miller 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 Miller is 0.64% which is below the national average, which is 0.99%.
Median Home Price in Texarkana, AR
Median Rent in Texarkana, AR
Top 7 Reasons to Live in Texarkana, Arkansas
Shop until you drop! Texarkana offers some of the best shopping malls and upscale retail stores in the region, including the massive Central Mall of Texarkana. Other excellent shopping malls and centers include Galarena II, which is Southwest Arkansas' biggest antique mall, and the State Line Shopping Center. Also be sure to visit College Hill Shopping Center, Beauty Outlet Mall, and Central Mall Merchants.
House prices are steadily dropping! Since 2009, the home values in Texarkana have been dropping and rising at different intervals, and prices in 2014 are now around $138,000. Such neighborhoods to look at for great home prices include City Center, South Texarkana, and Garland.
Bars and nightlife galore! Texarkana also offers some great bars and nightclubs. Patrons say the Silver Dollar has the cheapest drinks in town, while the Paradise Club features some great blues music. For artistic types, Painting with a Twist serves the alcohol of your choice while you paint a masterpiece.
Exciting attractions! Texarkana features attractions including the Tex-Ark Antique Auto Museum, Holiday Springs Water Park, the Lindsey Railroad Museum and the Artisans Gallery and Gifts. Located nearby are the Perot Theater, Union Station and the historic Garrison McLain House.
Quaint inns and B&B's to stay at. The Mansion on Main Bed & Breakfast is just one of Texarkana's charming inns to choose from; this one features a historic home that the B&B is located in. Also there is the Wadley House, which offers beautiful historic apartments for rent in a gorgeous, new renovated historic mansion.
Many homes to choose from! From quaint cottages built in the 1940s to massive homes that are new and modern, Texarkana has a wide range of homes to choose from. There are also sprawling single-family homes built in the 1970s and 80s, and two- and three-story homes that are just a few years old. Whether you're looking to buy right away or whether you prefer to rent to own, you'll find a solid selection here.
Tex-Mex and Southwestern food! Texarkana offers some of the best Tex-Mex and Southwestern restaurants in the area, not to mention delectable steakhouses and seafood restaurants. Check out Zapata's Mexican Restaurant or Las Agaves Mexican Restaurant for Mexican fare, or Park Place for upscale American food. The popular Copeland's of New Orleans offers delicious seafood, steaks, pasta, salads, desserts and more.