Rent to own Homes in Temple, TX
Located in Bell County, Texas, Temple has experienced a population explosion during the last decade. The last census showed an increase of more than 20 percent between 2000 and 2010, and the city now has over 66,000 residents. A central Texas city, Temple is between Austin and Waco, vastly increasing potential employment opportunities for residents. Interstate 35 offers easy access to the surrounding cities, along with some beautiful scenery. On the eastern side of the city sits the stunning Blackland Praries, while on the western side are rolling limestone hills.
Temple, TX is a great place for affordable rent-to-own homes! With a median household income of over $53,723 and a median rent of $911, the Temple, 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 Temple, 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 Temple, TX Property Resources
Rent to own Homes in Cities Near Temple, TX
Neighborhoods in Temple, TX
Tal Coe Place rent to own homes Crestview rent to own homes Temple Historic District rent to own homes Freeman Heights rent to own homes Temple Heights rent to own homes Ferguson Park rent to own homes South Gateway rent to own homes Downtown Temple rent to own homes Santa Fe Plaza rent to own homes First Street Corridor rent to own homesPopular Zip Codes in Temple, TX
76504 rent to own homes 76503 rent to own homes 76508 rent to own homes 76502 rent to own homesBuying a Home in Temple, TX
Temple, TX is seeing rapid growth and Temple, TX's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Temple, TX is part of Bell 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 Bell is 1.88% which is above the national average, which is 0.99%.
Median Home Price in Temple, TX
Median Rent in Temple, TX
Top Reasons to Live in Temple TX
Housing Statistics Although the area has enjoyed a tremendous increase in the median sale price, up 92.7 percent in the past year, the number of home sales has stayed low. Of the 570 homes for sale, 95 are foreclosures. The slow down in home sales makes rent to own homes a viable option. Many home owners seeking to avoid foreclosure offer more options for renters and buyers. The median home sale price in Temple is about $160,000, and in the last 6 months, less than 100 have sold.
Weather and Climate Those who hate winter will love the warm weather that lasts for almost nine months of the year in Temple. Temperatures range from the high thirties to the high nineties, with May through September being the warmest months of the year. Even during the cold season, late November through February, temperatures typically stay in the forties. With no dry season, the Temple area enjoys almost perfect weather, year round.
Nightlife Although a relatively small city, Temple enjoys an active nightlife with activities ranging from live theater to community bingo. The J Kowboy Wine Bar offers a remarkable selection of wines and tastings. Denim & Diamonds features a huge dance floor, and the Cultural Activities Center hosts plays, live music and other productions. These are just a few of the local nightlife spots that keep residents amused and enthused.
Neighborhoods With 10 identified neighborhoods in Temple, a few in particular stand out: