Rent to own Homes in Longview, TX
With a population of 80,455, the city of Longview is located in the northeastern section of Texas, just north of the Sabine River. Longview was founded back in the 1870s by a man named Ossamus Hitch Methvin, Sr., who sold off 100 acres of land to the Southern Pacific Railroad for a dollar, in an effort to increase the land's value with the rail industry. Over 143 years later, that effort is still paying off. The economy in Longview is currently healthy and growing, despite the downturn felt by many other cities during the housing crisis. Some of the major sectors of the economy include oilfields as well as chemical companies, manufacturing and retail industries. Longview is sustaining the growth it's experiencing by choosing to foster industries that will grow and expand with current technology and an educated workforce.
Longview, TX is a great place for affordable rent-to-own homes! With a median household income of over $50,019 and a median rent of $855, the Longview, 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 Longview, 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 Longview, TX Property Resources
Rent to own Homes in Cities Near Longview, TX
Neighborhoods in Longview, TX
Marshall Heights rent to own homes Northcutt Heights rent to own homes Owings Heights rent to own homes Spring Hill rent to own homes Downtown Longview rent to own homesPopular Zip Codes in Longview, TX
75607 rent to own homes 75608 rent to own homes 75606 rent to own homes 75601 rent to own homes 75604 rent to own homesBuying a Home in Longview, TX
Longview, TX is seeing rapid growth and Longview, TX's' housing market remains optimal with an average home price that is -34% below the 2024 national average. Longview, TX is part of Gregg 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 Gregg is 1.35% which is above the national average, which is 0.99%.
Median Home Price in Longview, TX
Median Rent in Longview, TX
Top Reasons to Live in Longview TX
Housing Statistics Longview has some great home prices! The current median home sale price is $116,600, so if you are looking for a sweet country town, this is your spot. Out of all homes in Longview, 56.5% are owned and the other 43.5% are rented. The vacancy rates for rentals are a low 3.6%, so you will not experience the quick turnaround of neighbors like what happens in bigger cities. The median rental price in Longview is an affordable $691 per month.
Local Shopping Shopping is a treat in this Texas town! There are many stores to browse while walking through the comfort of the air-conditioning in Longview's Mall. However, if you are looking to skip the national chain stores and go for something unique that distinctly says Longview style, Libby's Unique Boutique on Bill Owens Pkwy might just be to your liking. Another local favorite is Elite Repeats and Boutique on Gilmer Rd. This eclectic and chic little boutique has the latest fashions for women as well as unique gifts and accessories you won't find anywhere else. If these shops aren't upscale enough, you must visit CW Boutique on Center St. This shop specializes in more formal attire for men and women and is another local Longview favorite.
Local Restaurants If you happen be more of the foodie type, Lil Thai House on N. Fredonia Street is sure to satisfy your cravings! Pietro's Neighborhood has excellent pizza and Italian and is located on Gilmer Road. Since you are in Texas, try Bodacious BBQ over on 6th Street. You won't be sorry you did!
Longview Neighborhoods Here are two Longview neighborhoods you should know about: