Rent to Own Homes in Allen, TX

Over the past 30 years, Allen, Texas, has grown into a bustling, modern municipality north of Dallas. Headed toward the 100,000 population mark, the city is known for its modern facilities, renowned school district, showcase high school football stadium, and 5.5 million square feet of retail space. No longer a bedroom community, Allen displays a character and a personality that few others, even in Texas, can claim. Allen ranked 13th on a recent "Best Places to Live" survey.

Allen, TX is a great place for affordable rent-to-own homes! With a median household income of over $113,719 and a median rent of $1,497, the Allen, 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 Allen, 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.