Rent to own Homes in Paris, TX
A 65-foot Eiffel Tower replica might normally look a little out of place in Texas, but the citizens of Paris, the county seat of Lamar, Texas, have topped it with a red cowboy hat for a little local flavor. Although Dallas is only two hours away, there's plenty to do without ever leaving Paris, including golf, shopping, dining and visits to the community theater. With an average commute time of only 15.5 minutes, Paris citizens have ample opportunity to take advantage of everything their city offers.
Paris, TX is a great place for affordable rent-to-own homes! With a median household income of over $35,794 and a median rent of $727, the Paris, 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 Paris, 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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Paris, TX is seeing rapid growth and Paris, TX's' housing market remains optimal with an average home price that is -60% below the 2024 national average. Paris, TX is part of Lamar 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 Lamar is 1.39% which is above the national average, which is 0.99%.
Median Home Price in Paris, TX
Median Rent in Paris, TX
Top 7 Reasons to Live in Paris, TX
Historical Buildings! Many old buildings in Paris are historically significant, including the Wise House, a beautiful three-story building with Queen Anne style masonry. The present day Lamar County Courthouse was built from pink granite in 1917 in the Classical Revival style. The 146-year-old Sam Bell Maxey House is a Recorded Texas Historic Landmark and a popular local attraction. These and other buildings imbue Paris neighborhoods with unique character.
Famous Art! Perhaps the most famous attraction in the city is a 12-foot tall statue of Jesus Christ located in Evergreen Cemetery, the final resting place of around 50,000 people, including famous names such as John J. Culbertson, the man who lends his name to the Culbertson Fountain. Made from Carrera marble, the fountain is the standout piece of architecture in the town's square.
Lots of Fishing! With a rent to own home in Paris, you'll enjoy some of the best fishing in the area. Lake Crook, spread over 1060 acres, is stocked with largemouth bass and white crappie. Anglers prefer a 100-foot fishing area between two boat ramps. Pat Mayse Lake, located 12 miles north of the city, covers 5,940 acres and is the site for the yearly Uncle Jesse's Big Bass competition. Buy your fishing supplies from Brannan's Bass Shop on U.S Highway 271.
Activities all year round! The good folk of Paris organize fun activities throughout the year. Test your dancing skills at the annual Chaparral Square Dance convention held at the Lamar County Chamber of Commerce. The annual Tour de Paris cycling competition, which begins from the Love Civic Center, brings out bicyclists, volunteers and onlookers. In summer, citizens are treated to a concert by the Paris Municipal Band, which plays in Bywaters Park.
Trail de Paris! It's a 6.9-mile stretch that's popular with bikers, joggers and skaters. Join yoga enthusiasts at the Outdoor Yoga Park, situated on the southern side of the trail. Spring is a good time for lepidopterists to visit the Butterfly Garden, along the PJ Corridor, which is a part of the trail.
Low rents! House rental prices in Paris are low. Rates in City Center are lower than those in more than 90 percent of the neighborhoods in the state. The neighborhood offers the advantage of easy access to eateries, such as Jaxx Burgers and Paris Bakery, located at the intersection of U.S Highway 82 and U.S Highway 271, both of which pass through City Center.
Property Values are Rising! Over the past ten years, house values in Paris have increased at a rate of 36.7 percent, which is three times the national average. The median property value in the Paris neighborhood of North Main Street is lower than those in 99 percent of the neighborhoods in America. This neighborhood houses two parks, Record Park and Parker Park, and is close to the Dubuis Hospital of Paris.