Rent to own Homes in Victoria, TX
Victoria, Texas, has the nickname of "The South Texas Crossroads," as it is within two hours of Austin, Corpus Christi, Houston, and San Antonio. Victoria is one of the oldest cities in Texas and where Highways 77, 87 and 59 come together. It has a population of a little more than 60,000, and it is a cultural, economic, and historic hub for South Texas. Settled first by the French and then by Spain, a Mexican colony was ultimately established where Victoria stands in 1824. It has the distinction of being the only predominantly Mexican colony established in Texas. Victoria is a city rich in culture and history. It celebrates a number of festivals and events during the year and has more than 200 clubs and organization in its very active community. Victoria has developed high-tech industries yet retains its charming heritage, culture, and architecture.
Victoria, TX is a great place for affordable rent-to-own homes! With a median household income of over $56,332 and a median rent of $963, the Victoria, 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 Victoria, 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 Victoria, TX Property Resources
Rent to own Homes in Cities Near Victoria, TX
Buying a Home in Victoria, TX
Victoria, TX is seeing rapid growth and Victoria, TX's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Victoria, TX is part of Victoria 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 Victoria is 1.79% which is above the national average, which is 0.99%.
Median Home Price in Victoria, TX
Median Rent in Victoria, TX
Top Reasons to Live in Victoria TX
Housing Statistics In Victoria, there are 24,182 housing units. 22,104 are homes with residents. There are 12,023 owner occupied housing units. The median value of a home here is $110,087. In 2000, the median value was only $69,400. In 2011, the median value of a home in Texas was $127,700, so housing is a bit more affordable in Victoria than other parts of Texas. Ninety homes in Victoria are presently on the market as rent to own properties.
Largest Employers and Industries Petrochemicals, hospitals, and government are among the largest employers in the area. Following is a list of the top employers, their industry, and the range of full-time equivalent employees. The Victoria Independent School District is the largest employer, followed by Formosa Plastic and Citizen's Medical Center. Other large area employers include Victoria College, Texas Department of Criminal Justice, Tandy Brands, Mount Vernon Textiles, Safety Steel Service, and many more employers with more than 100 full time equivalent employees.
Victoria Outdoor Activities Riverside Park has the Victoria Paddling Trail, which provides easy access to launch site and take-out points for kayaks and canoes along more than four miles of the Guadalupe River. Use the take-out where the famous Pumphouse Riverside Restaurant and Bar is for a terrific meal or a thirst-quenching drink. Also in Riverside Park is the Riverside Golf Course. The municipal 27-hole golf course runs right along the Guadalupe River. There are 27 holes to play in three 18-hole configurations.
Victoria Neighborhoods Here are some of the neighborhoods in Victoria that you should know about: