Rent to own Homes in Brownwood, TX
Brownwood started out on the eastern side of Pecan Bayou, then moved to the western shore thanks to disagreements over land and water use. Television icon Bob Denver, who played the iconic character Gilligan, grew up in this 14.9 square mile city, which currently has more than 19,000 residents. Brownwood is known for having lots of heat and humidity during summer, which is offset by its milder winters.
Brownwood, TX is a great place for affordable rent-to-own homes! With a median household income of over $42,944 and a median rent of $804, the Brownwood, 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 Brownwood, 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 Brownwood, TX Property Resources
Rent to own Homes in Cities Near Brownwood, TX
Neighborhoods in Brownwood, TX
No neighborhoods foundPopular Zip Codes in Brownwood, TX
76804 rent to own homesBuying a Home in Brownwood, TX
Brownwood, TX is seeing rapid growth and Brownwood, TX's' housing market remains optimal with an average home price that is -57% below the 2024 national average. Brownwood, TX is part of Brown 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 Brown is 1.41% which is above the national average, which is 0.99%.
Median Home Price in Brownwood, TX
Median Rent in Brownwood, TX
Top 5 Reasons to Live in Brownwood, TX
Lower home prices! With home prices in Brownwood dropping slightly, this is the perfect chance to look for great deals. Brownwood home sale prices tend to fluctuate, so they're likely to go up again in the near future. Get your search started in the Austin Avenue and Slayden Street neighborhood or the Coggin Avenue and Shaw Drive neighborhood where you should find several available homes for sale.
No shortage of rental options! Brownwood has a rental vacancy rate that's more than twice as high as the national average -- just over one-third of homes here are occupied by renters. That means you'll easily be able to find an apartment or rent to own house. The West Austin Avenue neighborhood and the Woodland Heights neighborhood can be counted on to have a variety of available properties.
Fun in the sun! Riverside Park, which is right next to Pecan Bayou, has a nature trail to explore, a nine hole Frisbee disc golf course, sand volleyball courts, a boat ramp and picnic tables. Coggin Park offers a variety of features, including soccer fields, exercise stations, a walking trail, tennis courts and barbecue pits.
History and the arts! Visit the Martin and Frances Lehnis Railroad Museum to learn about Brownwood's railroad history. You'll get to see model trains, lanterns, telegraph equipment, photos, videos and railroad equipment. The Brownwood Art Association hosts a First Thursday event each month which features the works of different artists. You can also attend their monthly Muse and Merlot event or sign up for classes on drawing, oil painting or acrylic painting.
Great places to eat! Underwood's Bar-B-Q offers authentic Texas barbecue served in a laid-back, friendly atmosphere. Try the barbecue beef, ribs, chicken or sausage dinners with some tasty peach cobbler. At Runaway Train Cafe, you get to sit in an actual train car and enjoy a juicy burger and root beer float.