Rent to own Homes in San Benito, TX
San Benito is a town of 24,250 residents that is situated close to the Mexican border in Cameron County, Texas. It was named in honor of Benjamin Hicks, a pioneering rancher who was known for his charitable nature. Throughout the years, it has been home to numerous famous residents such as Tex-Mex singer Freddy Fender and historical author T.R. Fehrenbach. Local residents enjoy mild winters and long hot summers due to the town's southern location.
San Benito, TX is a great place for affordable rent-to-own homes! With a median household income of over $30,565 and a median rent of $747, the San Benito, 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 San Benito, 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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San Benito, TX is seeing rapid growth and San Benito, TX's' housing market remains optimal with an average home price that is -73% below the 2024 national average. San Benito, TX is part of Cameron 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 Cameron is 1.76% which is above the national average, which is 0.99%.
Median Home Price in San Benito, TX
Median Rent in San Benito, TX
Top 4 Reasons to Move to San Benito, TX
Get some serious bang for your buck! Real estate prices in San Benito are less than half the Texas average. The median value of an owner occupied home is $60,200 compared to $128,000 in the rest of the state. This means it is easy to find a rent to own home at a price that certainly won't break the bank. The majority of properties in this community are ground level, single unit homes. Residential areas, such as North Milam Street and West Otho Street, enjoy large gardens and attractive palm-lined facades. Options, such as rent-to-own properties, make it possible for almost anyone to own a property in San Benito.
Visit the Freddy Fender Museum! Tex Mex music legend Freddy Fender was born and raised in San Benito. While he may no longer be around, his spirit lives on at the museum named in his honor, which opened in 2007. It's located on East Heywood street and admission is just $3 per person. Also worth visiting is the Conjunto Music Museum next to the Plaza de San Benito Park. It serves as a showcase for Conjunto music, one of southern Texas's most well-loved musical styles.
Extremely low property taxes! San Benito is located in Cameron County, which has fairly reasonable property taxes compared to the rest of the United States. An average of $1,357 is paid per household in Cameron County, although this figure is likely to be even lower for San Benito, due to the cheaper housing. Those looking for houses for rent will also be pleased, as median monthly prices come in at just $590 compared to the Texas average of $834. El Camino Angosto Colonia and Arroyo Colorado Estates Colonia are two of the most in demand neighborhoods in San Benito.
Delicious Tex Mex dining! There's a huge range of eating options in San Benito to suit most tastes, but Tex Mex dishes such as tacos and fajitas are the local specialties. Some of the town's favorite restaurants include El Taco Jardin on Biddle Street and Kiki's on South Sam Houston Boulevard.