Rent to own Homes in Pearland, TX
As one of the most expensive areas in Texas, the median sales price of homes sits at just over $188,000. This is a very low number compared to America's most luxurious cities, allowing families and younger couples to enjoy the benefits of a stand alone house in the suburbs. One of the nice things about buying or finding a rent to own option in Pearland is that many of the properties are new construction. The sudden population explosion led to a large increase in the number of homes. Currently, there are more than 1,000 properties available for sale. The average listing price for homes is $266,422, but homes sales are down 40 percent. The slow down on sales creates a bigger demand for rent to own homes, since most residents are home owners in the Pearland area.
Pearland, TX is a great place for affordable rent-to-own homes! With a median household income of over $102,764 and a median rent of $1,431, the Pearland, 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 Pearland, 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 Pearland, TX Property Resources
Rent to own Homes in Cities Near Pearland, TX
- Aldine
- Alvin
- Arcola
- Bellaire
- Bonney
- Brookside Village
- Bunker Hill Village
- Cloverleaf
- Cumings
- Deer Park
- Fairchilds
- Fifth Street
- Four Corners
- Fresno
- Friendswood
- Galena Park
- Guy
- Hedwig Village
- Hillcrest
- Hilshire Village
- Houston
- Hunters Creek Village
- Iowa Colony
- Jacinto City
- Jersey Village
- League City
- Liverpool
- Manvel
- Meadows Place
- Missouri City
- New Territory
- Pasadena
- Pearland
- Pecan Grove
- Piney Point Village
- Pleak
- Richmond
- Rosharon
- Sandy Point
- Santa Fe
- Sienna
- Sienna Plantation
- South Houston
- Southside Place
- Spring Valley Village
- Stafford
- Sugar Land
- Thompsons
- Webster
- West University Place
Neighborhoods in Pearland, TX
West Lea rent to own homes Towne Lake Estates rent to own homes Autumn Lake rent to own homes Crystal Lake rent to own homes Oakbrook rent to own homes Southern Trails rent to own homes Country Place rent to own homes West Oaks Village rent to own homes Sunrise Lakes rent to own homes Pine Hollow rent to own homesPopular Zip Codes in Pearland, TX
77588 rent to own homes 77581 rent to own homes 77584 rent to own homesBuying a Home in Pearland, TX
Pearland, TX is seeing rapid growth and Pearland, TX's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Pearland, TX is part of Brazoria 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 Brazoria is 2.03% which is above the national average, which is 0.99%.
Median Home Price in Pearland, TX
Median Rent in Pearland, TX
Largest Employers and Industries Pearland has one of the highest percentages of people employed in a computer or tech field in the nation. The Texas Medical Center draws many commuters each day, along with NASA and the Lyndon B. Johnson Space Center. Medical research and manufacturing also makes up a large percentage of employment in Pearland. The Merritt Medical Systems project, currently under construction, is expected to employ upwards of 200 researchers and development professionals, while Shadow Creek Ranch employs approximately 800 people. Some other large employers include Kemlon Products, H-E-B Plus, Bedero Shaw and a variety of retail locations.,
Arts and Culture Pearland offers many of the benefits of urban living, but it does lack a thriving nightlife. Instead, residents enjoy a thriving arts scene. Moody Gardens has stunning examples of rainforest wildlife and aquatic animals. The Pearl Theater puts on a variety of productions ranging from Shakespeare to experimental. It also offers several programs designed to engage youthful members of the community in theater and the arts. Sing & Play Fine Arts Studio hosts classes in different musical instruments, designed for all ages. Hollywood and Broadway may be far away, but the arts have strong representation in this family-oriented Texas town.
Neighborhoods In many cities, neighborhoods grow organically as people move into an area and settle down. In Pearland, the housing boom offered the opportunity to build planned communities. Many of the neighborhoods in Pearland are the result of new construction in a master planned community.