Rent to Own Homes in Humble
The city is positioned just east of the George Bush Intercontinental Airport, south of Spring Creek and west of the Tour 18 Golf Course. I-69 cuts straight through the center of town, connecting Humble to Houston and other surrounding cities. This gives residents the option to commute to the larger city for entertainment, employment and recreational opportunities.The below results are primarily rent to own homes in Harris County, TX:
The city is positioned just east of the George Bush Intercontinental Airport, south of Spring Creek and west of the Tour 18 Golf Course. I-69 cuts straight through the center of town, connecting Humble to Houston and other surrounding cities. This gives residents the option to commute to the larger city for entertainment, employment and recreational opportunities.The below results are primarily rent to own homes in Harris County, TX:
Some of the most noteworthy Humble attractions include the Mercer Arboretum and Botanic Gardens, the Jesse H. Jones Park and Nature Reserve, the Humble Museum and Old MacDonald's Farm. The city is managed by the Humble City Council and is served by the Humble Independent School District. The district includes Humble High School as well as two additional high schools, one middle school and four elementary schools. Quest High School is a nearby magnet high school that also accepts students from Humble.
Buying a Home in Humble?
The median size of a home in Humble is close to 3,000 square foot, and the average listing price for the area can get close to $300,000 at times. This is an active real estate market that can feature close to 1,000 homes for sale at any given time. The prices can range from around $200,000 to well over $1 million, providing the variety that is needed to ensure that all potential buyers find properties that they consider affordable and desirable.
Approximately 80 percent of Humble residents own their homes, and you can expect to find a variety of subdivisions and neighborhoods that are family-friendly and close to top-ranked schools. Most schools in the city receive high ratings from parents, so you may want to focus more on price and location than school zones.
Popular Neighborhoods in Humble?
For one of the most prominent Humble neighborhoods, look to the northeastern corner of the city. This area runs east of West Lake Houston Parkway and north of Atascocita Road, extending to Lake Houston. Kings River Road runs through the northern region of this community, connecting Atascocita and the parkway. You can expect to see some of the highest real estate prices in this area, and the median listing price is typically around $250,000. There are some newer homes in this established neighborhood, and most houses have at least three or four bedrooms.
If you need lower real estate prices, look to a small neighborhood between Cypresswood Drive and Lee Road on the western arm of the city. This area includes subdivisions like Cypress Gardens and Serenity Estates, and the median real estate price stays under $150,000 most of the time. The Cypresswood Golf Club runs along the northern edge of this neighborhood, and Route 1960 forms the southern border.
Buying vs. Rent to Own Homes?
Have you seen signs for rent-to-own homes in Humble? These properties give you a modern path to homeownership. You start out renting the home that you wish to one day purchase. The terms of a rent-to-own contract can vary, but in many cases, a portion of your rental payment will later serve as part of your down payment. You can use the rental period to settle into your new neighborhood and prepare for the mortgage application process. When you're ready to make the home your own, you follow through with the purchase. You're now a homeowner.
Cost of Living in Humble?
The cost of living in Humble is lower than the national average and the state average. This is partly due to an affordable housing market that often drops 30 percent or more below average. Most residents also pay below-average prices for groceries and other goods and services. Rates for transportation, healthcare and utilities are often below-average as well. This translates to an affordable cost of living that allows about 80 percent of the population to purchase homes.
Many residents came to Humble, Texas, during the oil boom of the 20th century, but they remain because this small town with around 15,000 residents is friendly to families as well as goal-oriented professionals. It's located just outside of Houston in the southeastern region of the state and still offers many jobs in the oil industry. Residents also have the option of commuting to Houston and other surrounding cities for employment as well as entertainment purposes. The city is home to many parks, museums and nature preserves and offers a reasonable cost of living.
Summary
Many residents came to Humble, Texas, during the oil boom of the 20th century, but they remain because this small town with around 15,000 residents is friendly to families as well as goal-oriented professionals. It's located just outside of Houston in the southeastern region of the state and still offers many jobs in the oil industry. Residents also have the option of commuting to Houston and other surrounding cities for employment as well as entertainment purposes. The city is home to many parks, museums and nature preserves and offers a reasonable cost of living.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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