Beaumont, Texas is located approximately 85 miles east of Houston with the Neches River flowing off the city's southeastern edge and Sabine Lake resting just over 30 miles to the southeast. As the county seat of Jefferson County, the city is sometimes referred to as Jefferson Beaumont. Residents are a short drive from the McFaddin National Wildlife Refuge sprawling along the Gulf of Mexico, and Highway... Read More
Beaumont, Texas is located approximately 85 miles east of Houston with the Neches River flowing off the city's southeastern edge and Sabine Lake resting just over 30 miles to the southeast. As the county seat of Jefferson County, the city is sometimes referred to as Jefferson Beaumont. Residents are a short drive from the McFaddin National Wildlife Refuge sprawling along the Gulf of Mexico, and Highway 10 offers a direct route to the casinos and cuisine of western Louisiana. While the opportunity for year-round outdoor recreation attracts many new residents, many others arrive at this deep southern city due to jobs in the oil industry.The below results are primarily rent to own homes in Jefferson County, TX:
Beaumont, Texas is located approximately 85 miles east of Houston with the Neches River flowing off the city's southeastern edge and Sabine Lake resting just over 30 miles to the southeast. As the county seat of Jefferson County, the city is sometimes referred to as Jefferson Beaumont. Residents are a short drive from the McFaddin National Wildlife Refuge sprawling along the Gulf of Mexico, and Highway... Read More
Beaumont, Texas is located approximately 85 miles east of Houston with the Neches River flowing off the city's southeastern edge and Sabine Lake resting just over 30 miles to the southeast. As the county seat of Jefferson County, the city is sometimes referred to as Jefferson Beaumont. Residents are a short drive from the McFaddin National Wildlife Refuge sprawling along the Gulf of Mexico, and Highway 10 offers a direct route to the casinos and cuisine of western Louisiana. While the opportunity for year-round outdoor recreation attracts many new residents, many others arrive at this deep southern city due to jobs in the oil industry.The below results are primarily rent to own homes in Jefferson County, TX:
Once you decide to call Beaumont home, you will likely get to know the nearby cities of Port Arthur and Orange quite well. Together, these three Texas towns make up the Golden Triangle, which is an area known for its wealth of oil refineries. Orange and Port Arthur are located on the shores of Sabine Lake, which connects to the Gulf and is heavily used by the shipping industry.
While the local economy thrives on an abundance of oil and petrochemical businesses, smaller businesses and local restaurants are nearly as plentiful in the revitalized downtown Beaumont area. Before Beaumont was overtaken by the oil industry, it was recognized as a major producer of rice. The Beaumont Rice Mill was the first commercial mill to take up residence, and it still has a prominent place in the community alongside many other rice growers and processing companies.
When they aren't working, Beaumont residents enjoy a variety of annual community events, including the Beaumont Downtown Winter Parade. Residents also enjoy catching shows at the Beaumont Civic Center, taking in exhibits at the Beaumont Art Museum and studying at Lamar University, which was originally named South Park Junior College.
Buying a Home in Beaumont?
The median home price in Beaumont is under $100,000, and yearly average sales prices are often below the $150,000 mark. If you're searching for affordable housing or want to purchase a luxury home at a reasonable price, the Beaumont real estate market may fit your needs. With a reasonable unemployment rate and an average commute time of under 20 minutes, it's no wonder that the area is attractive to home buyers ready to stay long term. Approximately half of all homes in the city are occupied by their owners, and fewer than 10 percent are unoccupied at any given time.
Popular Neighborhoods in Beaumont
The most popular region of Beaumont is known as the China neighborhood or Lamar University area. It covers the western edge of the city and offers the highest quality public schools and reasonable crime rates compared to areas further east. The median home price is just under $130,000, and you will find many small to medium-sized homes with up to four bedrooms in all areas of this large neighborhood.
If you can afford to pay a bit more for your home and are interested in a quiet neighborhood, you may look into the Galloway/Gladys area located in the city's southern region. The median home price is closer to $150,000 in this area, and residents still enjoy access to some of the city's best public schools.
Do you prefer to live in the suburbs? One of the most popular options is the small neighborhood of Calder Terrace. Median home prices are over $150,000 in this area, and the community features some luxury homes priced well over $500,000. If you need a peaceful environment with well-maintained homes, this neighborhood won't disappoint.
Buying vs. Rent to Own Homes?
You have pleasant dreams of buying a home, but your dreams of the mortgage-approval process are anything but enjoyable. This is a process that every home owner must go through if they don't have the cash on hand to buy their property outright, but you don't have to jump into the paperwork before you're ready. Rent-to-own homes allow you to move in immediately as a renter with the intention of purchasing the home at a later date.
This is a slower path to homeownership, but it's a reasonable path if you aren't ready to take out a mortgage loan right away. You can use the rental period to ensure that you want to live in the area long term, to increase your credit score or to save a more substantial down payment. When you're ready to make the home your own, you can secure financing and make it official.
Cost of Living in Beaumont?
The overall cost of living in Beaumont is approximately 20 percent lower than the national average and about 6 percent lower than the Texas average. This reflects a housing market that is more than 50 percent lower than the national average. Residents also enjoy prices approximately 10 percent lower than national averages for food, utilities and other goods. Transportation prices are closer to the national average.
If you dream of living in the deep south and you want to call Texas home, you may find everything you need to live happily in Beaumont. Tucked into the southeastern corner of the state within close proximity to the Gulf of Mexico and the Louisiana state line, this city is well known as a major producer of rice and a cornerstone for the oil industry. Residents enjoy a variety of local festivals and have many opportunities for outdoor recreation year round, and the local housing market offers some of the most affordable deals in the state.
Summary
If you dream of living in the deep south and you want to call Texas home, you may find everything you need to live happily in Beaumont. Tucked into the southeastern corner of the state within close proximity to the Gulf of Mexico and the Louisiana state line, this city is well known as a major producer of rice and a cornerstone for the oil industry. Residents enjoy a variety of local festivals and have many opportunities for outdoor recreation year round, and the local housing market offers some of the most affordable deals in the state.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.