Rent to own Homes in Big Spring, TX
Located in West Texas on Interstate 20, Big Spring is a city of 27,282 that is named after the large spring located at the base of Scenic Mountain in the southwest part of the city. Big Spring has been a filming location for movies such as "Midnight Cowboy," "Hangar 18" and "From Dusk Till Dawn," and it's conveniently located in close proximity to Midland, Odessa, Lubbock, Abilene, and San Angelo.
Big Spring, TX is a great place for affordable rent-to-own homes! With a median household income of over $55,637 and a median rent of $881, the Big Spring, 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 Big Spring, 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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Rent to own Homes in Cities Near Big Spring, TX
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79720 rent to own homesBuying a Home in Big Spring, TX
Big Spring, TX is seeing rapid growth and Big Spring, TX's' housing market remains optimal with an average home price that is -56% below the 2024 national average. Big Spring, TX is part of Howard 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 Howard is 1.23% which is above the national average, which is 0.99%.
Median Home Price in Big Spring, TX
Median Rent in Big Spring, TX
Top 4 Reasons to Live in Big Spring, Texas
Great for sports! Those that love to play and watch sports will enjoy living in Big Spring, as the surrounding hills and mesas make it a mecca for hang gliding. Several hang gliding tournaments are held in the city on an annual basis, and the U.S. Hang Gliding Nationals have been held in Big Spring. Like most West Texas cities, high school football is big, as Big Spring High School, which plays at Memorial Stadium, has a successful program that has produced NFL players such as Miami Dolphins quarterback Ryan Tannehill and former Green Bay Packers tight end Bubba Franks.
Enjoy the oil boom! West Texas is thriving due to the latest oil boom, which means that rent to own homes are going to increase in value pretty quickly, so now is a great time to invest in a house. Areas that are popular are the Webb Village neighborhood, where real estate vacancies are 6.3 percent, and east of downtown in the East 11th Place/South Monticello Street area.
A great place to enjoy history! Living in Big Spring gives you access to a cultural hub, as there are plenty of things for history buffs to enjoy and cherish. The Big Spring Heritage Museum on Scurry Street has the largest known collection of Texas Longhorn steer horns in the world along with pioneer and Native American artifacts and a large gallery of artwork and photographs. The Settles Hotel, a 15-story hotel located on Third Street, is on the National Register of Historic Places as well.
New housing stock! The recent population increase in Big Spring has given rise to new housing stock, as 55 homes have been built in the last 10 years. Some of the places where new houses for sale can be found are east of downtown by Howard College and just south of downtown by Big Spring State Park and Comanche Trail Park.