Rent to own Homes in Bay City, TX
Located on the Gulf Coast of Texas, Bay City is the county seat of Matagorda County. Bay City possesses a charm of its own with its creeks and prairies. The city has also the characteristics of a thriving community with its hosts of recreational and economic activities. And you know you're getting the good life when beaches and parks are just a short drive away from work - yes, two-hour vacations are quite possible in this side of Texas.
Bay City, TX is a great place for affordable rent-to-own homes! With a median household income of over $45,089 and a median rent of $879, the Bay City, 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 Bay City, 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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Bay City, TX is seeing rapid growth and Bay City, TX's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Bay City, TX is part of Matagorda 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 Matagorda is 1.3% which is above the national average, which is 0.99%.
Median Home Price in Bay City, TX
Median Rent in Bay City, TX
Top 5 Reasons to Live in Bay City, Texas
Commune with nature! Between the Matagorda County Birding Nature Center and the Matagorda Bay Nature Park, residents can have all the nature they want, whenever they want it. They have the option to go bird watching or go fishing at the city's public piers. If that isn't enough to quench that outdoorsy spirit, the Matagorda Beach is just a few minutes' ride away from Bay City.
Appreciating home values! Real estate properties of this city have been appreciating above the national average for the last 10 years. This is good news for homebuyers and investors who are eyeing good returns on their investments. Neighborhoods within 12th Street, Matagorda, and City Center have the best house price appreciation rates among all other communities.
Have a fill of good Texan barbecue and Mexican cuisines! Bay City is also a good place to hunt for excellent barbecue and Mexican food. Popular dining options include Glenn's Country Style Bar-B-Q and Ricardo's Mexican Restaurant.
Low home cost and rental prices! People scouring for rent to own homes will find good deals in this city. This city boasts of average home cost and rental rate that is lower than the national average. If you're eyeing for a good deal yourself, you might want to start your search in areas like Ashwood, Pledger, and Matagorda Highway as these neighborhoods reports some of the lowest home values in this city.
Arts and culture exploration! You just have to take a tour at the Matagorda County Museum and Art League of Bay City to know that the arts and culture scene of this city is alive and well. The performing arts are also making some waves with the Community Actors of South Texas staging performances thrice a year. They are also grooming the next generation of performers by constantly holding auditions that are open to the public.