Rent to own Homes in Beaumont, TX
Beaumont is known for having experienced Texas-sized booms. In the early 1900s, the city experienced an explosion of growth when oil shot up hundreds of feet into the air. Today, Beaumont is experiencing another boom, like most of Texas, with a mixture of historic preservation and vibrant growth. The business sector, retail, and population have all seen major growth spurts in recent years. If you're looking to live in a medium-sized city with a big heart and small-town values, you will love living in Beaumont.
Beaumont, TX is a great place for affordable rent-to-own homes! With a median household income of over $48,168 and a median rent of $868, the Beaumont, 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 Beaumont, 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 Beaumont, TX Property Resources
Rent to own Homes in Cities Near Beaumont, TX
Neighborhoods in Beaumont, TX
Heart of the City rent to own homes Eugene Field rent to own homes Thomas Road rent to own homes Calder Place rent to own homes Pine Cone rent to own homes Willow Creek rent to own homes Martin Luther King rent to own homes South 23rd Street rent to own homes College Street Corridor rent to own homes Brickyard rent to own homesBuying a Home in Beaumont, TX
Beaumont, TX is seeing rapid growth and Beaumont, TX's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Beaumont, TX is part of Jefferson 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 Jefferson is 1.59% which is above the national average, which is 0.99%.
Median Home Price in Beaumont, TX
Median Rent in Beaumont, TX
Top Reasons to Live in Beaumont TX
Housing Statistics One of the reasons Beaumont is experiencing its current boom is the low cost of living. There are approximately 800 homes for sale, with an average sale price for a house at approximately $200,000. The average home for rent is approximately $740. The cost of living is less than the national average. There has also been a decrease in the number of homes sold, down 13%. Some of this decline can be traced back to the natural hurricane disasters the city experienced a few years ago. The majority of homes in Beaumont are owned and are either single-family or multifamily homes. The average age of homes, either for rent or for sale, is 32 years old. Fifty percent of the homes are owned, 39% are rented, and 10% are vacant.
Local Sports Just like most cities in Texas, Beaumont is a sports town. Along with the major Texas sports teams like the Dallas Cowboys, Dallas Mavericks, and Texas Rangers, there are plenty of smaller franchises that are just as popular in the city. Semi-professional leagues include the American Basketball Association, which features Beaumont's own Southeast Texas Mavericks. Also, the Texas Strikers are members of the Premier Arena Soccer League--their first season was in 2012. The only major university in the area--Lamar University--has a football team, the Lamar Cardinals, that is cheered on by the whole city. Of course, there is always the local rodeo, a very popular and huge event in Beaumont and the state of Texas itself.
Weather and Climate Since Beaumont is located so close to Louisiana, the town shares weather similar to that of the Pelican State. Notable for being extremely hot and subtropical, the area experiences a good deal of rain, with almost 48 inches of rain annually. In fact, it rains more in Beaumont than in any other city in Texas, mainly because of the Gulf waters that carry humid air over the region. While the area does get extremely humid and hot in the summers, snow has been known to fall occasionally during the winter. Most of the time the snowfall is less than six inches, but the area did see 30 inches of snow and an ice storm recently. Tornadoes and hurricanes are also common here.
Neighborhoods Here are some neighborhoods in Beaumont that you should know about: