Rent to own Homes in Corsicana, TX
Corsicana, Texas has a long and varied history, much of which is based on oil booms. In 1894 the first significant oil field in the state was discovered by accident as drillers were looking for water. Since then, two succeeding oil field discoveries spurred two oil booms. The city is located 55 miles south of Dallas and it has a thriving arts and cultural community. Nearby Lake Halbert Dam and Richland Chambers Reservoir are great fishing and outdoor recreation areas.
Corsicana, TX is a great place for affordable rent-to-own homes! With a median household income of over $41,898 and a median rent of $782, the Corsicana, 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 Corsicana, 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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Corsicana, TX is seeing rapid growth and Corsicana, TX's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Corsicana, TX is part of Navarro 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 Navarro is 1.48% which is above the national average, which is 0.99%.
Median Home Price in Corsicana, TX
Median Rent in Corsicana, TX
Top 6 reasons to live in Corsicana, TX
Fruitcake Rules! If you like fruitcake, chances are good that you know about Collin Street Bakery, founded in 1896. Exclusive and in high demand, this fruitcake is available at only two locations in Corsicana, one in Waco or by mail order; it is shipped around the world, except to Cuba and Iran. Other food made famous in Corsicana is Wolf Brand Chili, first served in 1895 at a downtown lunch wagon.
An Educational Place! Corsicana is home to Navarro College as well as the Commerce campus of Texas A & M University. The city houses one of the largest planetariums in Texas as well as a historical pioneer village with reconstructed buildings. Thousands of visitors come just to see the village each year.
A Happening Downtown! Anchored by an impressive Beaux Arts style County Courthouse, downtown has many other attractions for residents and visitors. It includes a popular green park with fountains, creeks, walking paths and bike trails; there's a skate park, tennis courts and a children's play area with a retired fire engine. The nearby YMCA features a year round pool, basketball courts and fitness equipment.
Rent to Own! Once you move in, you can find furniture and local artifacts at Blackmon's Antiques. Real estate prices have appreciated significantly over the past five years, but even though sales prices and rentals are up, local property represents good value; Northwood and Barry are good neighborhoods to rent in. Housing is a mix of older homes and new construction, with in-town neighborhood lots as well as acreage lots available.
Cultural Opportunities! The Downtown Living Arts Center and Palace Theater stage plays, musical performances and arts exhibits throughout the year. If you're more interested in animals, the Navarro County Exposition Center hosts numerous annual horse shows.
Easy Living, Low Taxes! Remember, this is Texas and you'll be welcomed into a community with low taxes, no matter what neighborhood you choose. City Center is walkable, hip and has a mix of single family houses and small apartment buildings. Cost of living is lower in Corsicana than in most of the rest of Texas and average commute is less than 15 minutes. There is a vibrant business atmosphere and celebrations at all times of year. For example, celebrate the heyday of oil in Texas at the annual Derrick Days. Or, relive the days of local pilot training at the annual Commemorative Air Force Show.