Rent to own Homes in Hereford, TX
With a Western heritage including many ranch houses and a climate that is conducive to heavy farming, Hereford is known for a lot of things. Perhaps most notably, its known for its motto of being "the town without a toothache" thanks to its water having large amounts of natural occurring fluorine. Whether it be the many historical sites or simply the many entertainment venues, there's no shortage of things to do in Hereford.
Hereford, TX is a great place for affordable rent-to-own homes! With a median household income of over $46,961 and a median rent of $768, the Hereford, 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 Hereford, 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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Hereford, TX is seeing rapid growth and Hereford, TX's' housing market remains optimal with an average home price that is -59% below the 2024 national average. Hereford, TX is part of Deaf Smith 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 Deaf Smith is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Hereford, TX
Median Rent in Hereford, TX
Top 7 Reasons to Live in Hereford, TX
Lots of great food places! Hereford stands out for its numerous high-quality restaurants. Try Mexican food at the TaquerIa Jalisco or Chinese cuisine at the Hunan Chinese Restaurant. There is no shortage of places to eat in Hereford.
Historical sites that give you a glimpse into the past! What makes Hereford unique is the several historical sites located in the town. For history buffs or those looking to check out something new, visit the E. B. Black House, and the Prisoner of War Camp Chapel.
Tons of ways to relax! Hereford stands out by offering many recreational activities. Whether you choose to relax at the Hereford Country Club or travel to Duke Tracy's for a stiff drink, there's no shortage of ways to have a little rest and relaxation here.
A variety of different homes! One great thing about Hereford is the fact that the town offers a variety of different homes, from comforting older ones to more modern ones. With an endless variety of things to do and historic homes that impress, it's easy to find appealing properties. Home owners will also appreciate restaurants like the Taqueria Jalisco and The Ranch House being near.
Affordable housing! Living in Hereford doesn't mean that you have to break the bank. With median home prices at about $100,000 being lower than in many other parts of Texas, rent to own homes and homes for sale here are easy to afford with the added benefit of being situated in a welcoming area. In addition, with places like the Parson's Steakhouse and Dewey's Diner nearby, there's no shortage of places within reach.
The hub for theater! Hereford has much to offer when it comes to both traditional stage performances and the films we've come to know and love. With a great cinema experience at the Moovies 6 or the well known Performing Arts Place at Acapulco Tropical, it's a great place to take in art, both modern and traditional.
Great for entertainment! Hereford boasts many additional places to entertain yourself. Bowling fans can have fun at the alley at Eastridge Lanes. If that's not enough excitement, you can even learn archery over at J'n C Archery.