Rent to own Homes in Orange, TX
Located along the western bank of the Sabine River, Orange is home to a residential population of around 18,500 people. As the county seat of Orange County, the "Gateway City" lies on the Texas and Louisiana border, some 25 miles east of Beaumont and a little more than 20 miles northeast of Port Arthur. Orange, with its unique mix of small town charm and world class culture, is an ideal place to call home.
Orange, TX is a great place for affordable rent-to-own homes! With a median household income of over $55,866 and a median rent of $843, the Orange, 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 Orange, 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 Orange, TX
Neighborhoods in Orange, TX
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Orange, TX is seeing rapid growth and Orange, TX's' housing market remains optimal with an average home price that is -53% below the 2024 national average. Orange, TX is part of Orange 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 Orange is 1.37% which is above the national average, which is 0.99%.
Median Home Price in Orange, TX
Median Rent in Orange, TX
Top 5 Reasons to Live in Orange, TX
Ample amenities! Residents enjoy an array of amenities within easy reach. Pick up your groceries at Market Basket and the Wilcox Market Garden or if you fancy a break from cooking, enjoy Sunday brunch with friends at the Old Orange Cafe. Bookworms will enjoy browsing the latest novels at the Orange Public Library.
Great for homeownership! The median value of a home in Orange is a little more than $90,000, which is 30 percent less than the rest of Texas and 50 percent less than the national average. Prices like this put homeownership within easy reach. You can reasonably expect to find a property in this price range on Hydrangea Avenue, 8th Street and Cherry Avenue.
Green spaces! Head out to explore the city's choice of green spaces. The 62-acre Brown Center at Lamar University is reminiscent of a late 1700s Mississippi plantation, while the Shangri La Botanical Gardens and Nature Center boasts an abundance of wildlife and more than 300 varieties of plants. Slightly further afield is the Sabine Island Wildlife Management Area.
Range of renting opportunities! Around 35 percent of Orange properties are rented accommodations and a generous 17 percent vacancy rate means you won't have to look too hard to find your ideal home. Expect to pay around $685 per month for traditional rentals, although a slightly higher budget could land you a three bedroom house along Joe Lane or West Derby. If you plan on sticking around, it may be worth paying a little more for a rent to own option.
Cultural attractions! Explore historic homes, such as the Heritage House of Orange and W.H. Stark House. Indulge a passion for art at the Stark Museum of Art or catch a show at the Frances Ann Lutcher Theater for the Performing Arts. Other popular attractions in the cultural vein include the Heritage Veterans Memorial Plaza and the Piney Woods Winery.