Rent to own Homes in Sulphur Springs, TX
Sulphur Springs, TX is named for the area's sulphur springs, which settlers used for camping. The original village of Sulphur Springs grew into a city in 1854 when it got its very own post office. Today, the city is home to more than 15,000 residents and takes up a spacious 21 square miles. Sulphur Springs enjoys fairly mild winters. Lows may dip down into the 30s, but you'll forget all about winter when summer temps reach up into the mid-90s.
Sulphur Springs, TX is a great place for affordable rent-to-own homes! With a median household income of over $48,996 and a median rent of $843, the Sulphur Springs, 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 Sulphur Springs, 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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Sulphur Springs, TX is seeing rapid growth and Sulphur Springs, TX's' housing market remains optimal with an average home price that is -47% below the 2024 national average. Sulphur Springs, TX is part of Hopkins 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 Hopkins is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Sulphur Springs, TX
Median Rent in Sulphur Springs, TX
Top 4 Reasons to Live in Sulphur Springs, TX
Several rental options! With a rental vacancy rate that's just below the national average, there are plenty of available rental apartments and houses in Sulphur Springs. Check out the Como St. S and Whitworth St. neighborhood or the Church St. and State Loop neighborhood. Both of these areas have a high rate of renter-occupied properties, so you shouldn't have any trouble finding somewhere to call home here.
Lower home prices! Homes for sale in Sulphur Springs are decreasing in price, which makes now a good time to buy a house. For a home with a high appreciation rate, look around the Rockdale neighborhood. The Arbala and Seymore neighborhood also offers several houses for sale. Don't forget to check out rent to own homes if you want to get to know Sulphur Springs more before purchasing a home here.
Outdoor fun and relaxation! Sulphur Springs has some great places to go, whether you just want to take a stroll and enjoy the fresh air or do something more active. At Cooper Lake State Park, you can go camping, water skiing, fishing, boating and swimming. The park also has horseback riding trails and equestrian camping if you happen to have a horse. Coleman Park offers walking trails, soccer fields, picnic areas and a fishing pier. There are also scenic sites to enjoy, including waterfalls and beautiful lake views.
Local attractions! Sulphur Springs offers fun places to visit and learn more about the area. At Southwest Dairy Museum, you can learn about what life was like for dairy farmers of old and find out how your favorite dairy products are made. The Hopkins County Museum and Heritage Park gives you a chance to explore the area's history through several displays, which include a doll collection, clothing and Civil War memorabilia. You can also tour a blacksmith shop and country store. The museum itself is housed in a building that dates back to 1910.