Rent to own Homes in Marshall, TX
Marshall is an East Texas town with a population of less than 25,000. It may have more in common with the tri-state region of Louisiana, Arkansas and Mississippi than with the rest of Texas if for no other reason than its geographical location, which is closer to the other state capitals than it is to Austin. No matter, though, because in many ways Marshall is classic Texas through and through.
Marshall, TX is a great place for affordable rent-to-own homes! With a median household income of over $42,467 and a median rent of $779, the Marshall, 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 Marshall, 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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75671 rent to own homesBuying a Home in Marshall, TX
Marshall, TX is seeing rapid growth and Marshall, TX's' housing market remains optimal with an average home price that is -52% below the 2024 national average. Marshall, TX is part of Harrison 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 Harrison is 1.14% which is above the national average, which is 0.99%.
Median Home Price in Marshall, TX
Median Rent in Marshall, TX
Top 5 Reasons to Live in Marshall, TX
Historic Importance! Marshall was a center of the Confederacy during the Civil War and a center for the Civil Rights Movement in the mid-20th Century. Ladybird Johnson was the first student at Marshall High School to have a car. There's plenty of history here. Three Texas governors were reared in Marshall, as was George Foreman.
Downtown Renewal! Marshall's downtown resurgence has worked wonders in transforming the area into a vibrant tourist area. The annual lighting festival of the Harrison County Courthouse attracts more than 200,000 visitors annually. Restored homes and business buildings now stand proud on the landscape. The Federal Courthouse is also a busy place, with a reputation as a plaintiff-friendly court for patent suits that go to trial. Only a court in Los Angeles handles more patent suits than Marshall.
The Railroad Still Runs Through It! Amtrak's Texas Eagle still runs through Marshall, allowing visitors a chance to visit the restored depot originally built in 1912. It is located across the street from the Ginocchio Hotel, built in 1896, another example of the grand railroad era. Marshall was a wealthy town during secession and once served as the capital in exile for Missouri's governor.
Rent or Buy! Whether you rent or buy in Marshall will depend on personal preference. There are deals to be made on rent to own homes, but the market is soft, and there is more supply than demand. There is little new construction, but land is available if you want to build. While you're looking at houses, don't miss Central Perks for healthy food or Neely's Brown Pig for great barbecue.
The Natural Life! Life in Marshall may not be exciting in a big city way, but it's satisfying. Low taxes and a low cost of living are good reasons to consider Marshall. Bellaire is a popular neighborhood, with a median real estate value of just under $114,000. If you find a home to rent here, you just may become a permanent resident. You can stock your kitchen from Marshall Pottery, founded in 1896, which still produces hand-thrown pottery in a factory just east of downtown. And, when you have something to celebrate, order a cake from Sweet Sabine's!