Rent to own Homes in Stephenville, TX
Located in Erath County, Stephenville has a population of 17,123 and is home to Tarleton State University. Nicknamed the Cowboy Capital of the World, Stephenville is the host of numerous rodeos and has been the birthplace of some of the most famous riders in the nation. Since 2008, residents in Stephenville have been keeping their eyes peeled to the sky for more sightings of mysterious flying objects. Although the UFO theory has been disproven, conspiracy theorists still say that aliens may be living among the general public of the city.
Stephenville, TX is a great place for affordable rent-to-own homes! With a median household income of over $48,602 and a median rent of $992, the Stephenville, 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 Stephenville, 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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Stephenville, TX is seeing rapid growth and Stephenville, TX's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Stephenville, TX is part of Erath 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 Erath is 1.48% which is above the national average, which is 0.99%.
Median Home Price in Stephenville, TX
Median Rent in Stephenville, TX
Top 5 Reasons to Live in Stephenville, TX
Alien Sightings! In January 2008, Stephenville garnered national media attention when CNN's Larry King reported that residents had seen UFOs in the sky. After initially denying that they had been flying in the area, the Air Force later admitted to having conducted training flights with 10 fighter jets; however, this admission did nothing to quell conspiracy theorists. Today, the sightings are commemorated at the Stephenville Library as a marker in the center of town.
The Rodeo Capital of the World! Considered the epicenter of the rodeo in the United States, Stephenville has been hosting competitions for more than a century. Each year, hundreds of thousands of spectators flock to the city to see national events like the Cowboy Capital PRCA Rodeo. To learn more, stop by the Office of Rodeo Activities at Tarleton State University in Stephenville.
Numerous Attractions! Start your tour of the city with a visit to the Stephenville Historical House Museum to learn about the region's exploits during the 1800s through today. Learn how to tackle the reins with a visit to The Hideaway Ranch Horseback Riding.
Inexpensive Homes! In the state of Texas, the median price of homes is $215,000; but in Stephenville, this figure dips to just $179,000. With home values on the rise and list prices falling, now is the perfect time to capitalize on a buyer's market with the purchase of a rent to own property in a neighborhood like Wind Song Court or W Tarleton Street.
Rent Lower than State Median! Compared to the rest of Texas where the median rent is $1,295, Stephenville is a true bargain at just $950. Best of all, because Stephenville is one of the least expensive cities in the state, you'll have more money for the bank or to enjoy the numerous activities in the area. Deals can be had in communities like County Road and Brittain Circle.