Rent to own Homes in Terrell, TX
Terrell is a small town located in Kaufman County, Texas. This town is just outside of Dallas, making it an ideal base for those who need to commute to the Metroplex for work but want a rural environment in which to live. A person who moves here can have the convenience of a metro area with the slower life of a small town. With a population of 15,816 as of the 2010 census, Terrell was developed as a railroad town in 1873.
Terrell, TX is a great place for affordable rent-to-own homes! With a median household income of over $53,136 and a median rent of $1,038, the Terrell, 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 Terrell, 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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More Terrell, TX Property Resources
Rent to own Homes in Cities Near Terrell, TX
- Brashear
- Caddo Mills
- Campbell
- Canton
- Cumby
- East Tawakoni
- Edgewood
- Elmo
- Emory
- Farmersville
- Fate
- Forney
- Fruitvale
- Greenville
- Hawk Cove
- Heath
- Josephine
- Kaufman
- Lavon
- Lone Oak
- McLendon-Chisholm
- Mobile City
- Myrtle Springs
- Nevada
- Neylandville
- Poetry
- Point
- Post Oak Bend City
- Quinlan
- Rockwall
- Royse City
- Talty
- Terrell
- Union Valley
- West Tawakoni
- Wills Point
Neighborhoods in Terrell, TX
No neighborhoods foundPopular Zip Codes in Terrell, TX
75160 rent to own homesBuying a Home in Terrell, TX
Terrell, TX is seeing rapid growth and Terrell, TX's' housing market remains optimal with an average home price that is -38% below the 2023 national average. Terrell, TX is part of Kaufman 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 Kaufman is 2% which is above the national average, which is 0.99%.
Median Home Price in Terrell, TX
Median Rent in Terrell, TX
6 Reasons to Move to Terrell, TX
Great recreational opportunities. Terrell is surrounded by lakes, such as Lake Ray Hubbard, Lake Tawakoni and Lake Fork. At these lakes, there are plenty of activities to keep you busy. For example, you can hike, swim, picnic, boat, fish or go on horseback ride.
Find a rent to own home or an apartment. There are a lot of housing options in Terrell. In 2013, there were over 400 homes for sale. The vacancy rate in Terrell is about 8.4 percent, which is about the national average, so finding a home shouldn't be too difficult. If you're shopping around for a desirable community, take a look at the areas around Chiesa Road or Redwood.
Housing is affordable. The average price for a rental home in Terrell is $836 per month. Residents may also appreciate the benefits of living in a city with a low cost of living. In Terrell, the cost of living index is 93.7, which is lower than the national average of 100. Some affordable neighborhoods in the city are the Tower Circle and Estate Lane neighborhoods.
Plenty of things to do. You'll never be bored when you're living in Terrell because there are many places to visit. For example, you can get some culture at the Terrell Heritage Museum or see a play at Kaufman County Civic Theatre.
Get your golf on. Whether you are an avid golfer or just like to putt around, you'll love living in Terrell. It's home to the Oak Grove Country Club, Creekview Golf Club and Town East Golf Center.
It's a town steeped in history. The Warren-Crowell House is on the National Register of Historic Places and is a popular ghost-hunting site. The No. 1 British Flying Training School Museum and the Terrell Historical District, which is home to the restored Brin Opera House, are other notable historic areas in Terrell.