Rent to own Homes in Houston, TX
Houston, TX is a great place for affordable rent-to-own homes! With a median household income of over $53,600 and a median rent of $1,086, the Houston, 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 Houston, 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 Houston, TX
- Aldine
- Angleton
- Arcola
- Bonney
- Brookside Village
- Bunker Hill Village
- Cinco Ranch
- Cumings
- Damon
- Danbury
- Fairchilds
- Fifth Street
- Four Corners
- Fresno
- Galena Park
- Greatwood
- Hedwig Village
- Hillcrest
- Hilshire Village
- Holiday Lakes
- Houston
- Hunters Creek Village
- Iowa Colony
- Jacinto City
- Jersey Village
- League City
- Liverpool
- Meadows Place
- Mission Bend
- Missouri City
- Needville
- New Territory
- Pearland
- Pecan Grove
- Piney Point Village
- Pleak
- Richmond
- Rosenberg
- Rosharon
- Sandy Point
- Santa Fe
- Sienna
- Sienna Plantation
- Southside Place
- Spring Valley Village
- Stafford
- Sugar Land
- Thompsons
- Webster
- West University Place
Neighborhoods in Houston, TX
Astrodome rent to own homes The Museum District rent to own homes Acres Home rent to own homes Addicks - Park Ten rent to own homes Memorial rent to own homes Afton Oaks - River Oaks rent to own homes Alief rent to own homes Braeburn rent to own homes Braeswood Place rent to own homes Clinton Park Tri-Community rent to own homesBuying a Home in Houston, TX
Houston, TX is seeing rapid growth and Houston, TX's' housing market remains optimal with an average home price that is -14% below the 2023 national average. Houston, TX is part of Harris 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 2023 for county Harris is 2.31% which is above the national average, which is 0.99%.
Median Home Price in Houston, TX
Median Rent in Houston, TX
Average Cost of Living in Houston
The cost of living in Houston is 3.5% lower than the United States' average. While the city is only slightly more affordable than the rest of the country in categories such as food, health, and utilities, it shines when it comes to housing, with average prices nearly 20 percent lower than the national average.
Average Home Prices in Houston
The current median home price in Houston is an affordable $189,846, which is 2.8 percent higher than a year ago. Prices are expected to rise slightly over the next year as demand for housing in Houston continues to increase.
Houston Statistics
If you're interested in Houston rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Houston statistics compared to the U.S. national average.
| Houston Averages | National Averages | |
|---|---|---|
| One-Way Commute | 27.0 minutes | 26.4 minutes |
| Violent Crime | 50.4 | 22.7 |
| Property Crime | 63.2 | 35.4 |
| Unemployment Rate | 4.2% | 3.9% |
| Income Tax Rate | 0% | 4.6% |
| Air Quality | 49 | 58 |
| Water Quality | 37 | 55 |
| Median Household Income | $45,728 | $53,482 |
| Median Property Taxes | $5,000 | $2,200 |
| Utilities | $133/month | $112/month |
| Monthly Rent | $1,300 | $1,470 |
| Median Home Cost | $185,500 | $231,200 |
| Median Home Age | 37 years | 40 years |
Popular Attractions in Houston
With more than 22 million visitors in 2018, Houston is a popular place to explore. No matter what type of activities you enjoy, there's so much to do and see in this city.
Try NASA's Space Center, where millions of people go to enjoy the many educational galleries and exhibits every year. You can check out the Astronaut Gallery to view the types of suits worn by space travelers over the years, visit the Starship Gallery to see some of the vehicles that flew to outer space, or try a variety of other engaging options available to visitors.
The Armand Bayou Nature Center, founded in 1974, owns more than 2,500 acres of preserved land. Some of the site's activities include canoe tours, pontoon boat cruises, guided photo and trail hikes, and nightly owl and bat hikes, all great for both individuals and families. Or you could forgo a tour and instead walk the trails on your own, enjoying the best Mother Nature has to offer.
Bear Creek Pioneers Park includes a natural area of 2,168 acres. Visit the zoo, hike the many trails, or come with a group to use one of the soccer or softball fields. The park has a bird zoo, picnic tables, playground areas, ponds, and wildlife roaming around for people of all ages to enjoy.
Terry Hershey Park has miles of meandering walking and biking trails that run along the Buffalo Bayou. You can choose between paved and dirt paths, or you can explore the Buffalo Bayou in a pontoon boat or kayak.
For festival lovers, Comicpalooza is the place to go. The event attracted more than 50,000 attendees in 2018. Fans of literature, art, and every other type of entertainment flock to buy art, try out games, and view a plethora of performances alongside many popular celebrities. Comicpalooza has also attracted many movie stars, including Emilia Clark, Finn Jones, John Cusack, Krysten Ritter, and Charlie Cox.
Transportation in Houston is also convenient. The city boasts two international airports, the William P. Hobby Airport and the George Bush Intercontinental Airport-plus an elaborate train system, bus transportation, plenty of cabs, and ride-share options such as Uber and Lyft.
With dozens of school districts to choose from, every type of social environment to live in, and an endless array of entertainment and tourist attractions to check out, it's a great time to find a rent-to-own home in Houston.
Houston, TX Frequently Asked Questions
The average rent in Houston is $1,172 which represents a 5.0% increase year over year change.
If you’re looking for the most affordable neighborhoods for reasonable rental prices the areas of South Park, Golfcrest-Bellfort-Reveille, East Little York, Houston Suburban Heights and Greater Fifth Ward all have rents below the average of $1,172/month.
Houston has a competitively priced rental market which is 23.8% below the Austin average rental price of $1,539, 12.4% below the Dallas average rental price of $1,338 and 4.9% more than the average rental price in San Antonio.
Houston has an average of 55.7 crimes per 1,000 residents and is safer than 3% of U.S. cities.