Rent to own Homes in Richardson, TX
Richardson, Texas, is more than just an inner suburb of Dallas. Richardson is a great place to live in its own right, having appeared on several rankings of safest places to live and the best places to raise kids. Richardson is home to many major telecommunications companies, including AT&T, Verizon and Cisco Systems, although many Richardson residents commute to work in North Dallas as well.
Richardson, TX is a great place for affordable rent-to-own homes! With a median household income of over $85,350 and a median rent of $1,452, the Richardson, 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 Richardson, 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 Richardson, TX
- Addison
- Allen
- Anna
- Balch Springs
- Blue Ridge
- Carrollton
- Celina
- Cockrell Hill
- Coppell
- Dallas
- Fairview
- Farmers Branch
- Farmersville
- Forney
- Frisco
- Garland
- Grand Prairie
- Grapevine
- Heath
- Hebron
- Highland Park
- Hutchins
- Irving
- Josephine
- Lake Dallas
- Lavon
- Lewisville
- Lowry Crossing
- Lucas
- McKinney
- Melissa
- Mesquite
- Murphy
- Nevada
- New Hope
- Parker
- Plano
- Princeton
- Prosper
- Richardson
- Rowlett
- Royse City
- Sachse
- Seagoville
- St. Paul
- Sunnyvale
- The Colony
- University Park
- Weston
- Wylie
Neighborhoods in Richardson, TX
J.J. Pearce rent to own homes Cottonwood Heights rent to own homes Highland Terrace rent to own homes Reservation rent to own homes Richardson Heights rent to own homes Heights Park rent to own homes North College Park rent to own homes Mark Twain rent to own homes Duck Creek rent to own homes Berkner Park rent to own homesBuying a Home in Richardson, TX
Richardson, TX is seeing rapid growth and Richardson, TX's' housing market remains not optimal with an average home price that is 36% above the 2023 national average. Richardson, TX is part of Dallas 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 2023 for county Dallas is 2.18% which is above the national average, which is 0.99%.
Median Home Price in Richardson, TX
Median Rent in Richardson, TX
Top Reasons to Live in Richardson TX
Housing Statistics Richardson remains a highly desirable place to live, and that's reflected in the property values. The balance between the average household income and the home sale price is very favorable, leaving you lots of money left over to enjoy all the amenities that the metropolitan Dallas-Fort Worth area has to offer. The median home sale price $166,600.
Local Events and Festivals One of the best festivals in Richardson is the Wildflower! Art and Music festival, which typically occurs during one long weekend in May. Additionally, with Dallas just 14 miles away from Richardson, you're never at a loss for big-city things to do, including sporting events like NFL games featuring the world-famous Dallas Cowboys, attractions in the arts like the Dallas Opera and the Dallas Symphony Orchestra, and glamorous shopping everywhere.
Tourist Attractions You can take in a show at the Eisemann Center for the Performing Arts, which regularly features shows including visual art and dance at affordable prices. If cars are more your style, check out the North Texas Automotive Museum. The North Texas Automotive Museum has a showroom of antique, classic, collector and muscle cars. If you happen to enjoy free outdoor parks, the Richland Park has walking trails, baseball diamonds, volleyball nets and playground gear for kids.
Local Restaurants But by far one of the best things about living anywhere in the Dallas/Fort Worth area is the widespread availability of restaurants, and Richardson is no exception. Dining out is a big part of the culture in the Dallas area and every community has a huge selection of delicious restaurants serving all types of cuisine.
Local Shopping For great local shopping, visit Richardson Square. Here, you'll find all of your essentials in major chain retailers as well as Anna's Linens, and What-a-Burger to curb your appetite post shopping extravaganza. For higher-ticket items, North Park mall in Dallas is just a short drive away. For designer clothing at wallet-friendly prices, don't miss Half of Half Name Brand Clothing, and resale clothing is always a win at stores like Rethreads and American Trooper Resale. Computer geeks will love Nerd Books. For something a little quirkier, check out Comic Asylum or the Asian pop culture items at Laser Trek Books & Music.