Rent to own Homes in Grand Prairie, TX
The city of Grand Prairie, Texas, is part of the Dallas-Fort Worth Metro area. It is a suburb of Dallas with more than 173,000 people calling it home. The city, which offers a short commute into Dallas and plenty of nearby amenities, can be the ideal place to call home.
Grand Prairie, TX is a great place for affordable rent-to-own homes! With a median household income of over $69,171 and a median rent of $1,142, the Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, TX Property Resources
Rent to own Homes in Cities Near Grand Prairie, TX
- Addison
- Bear Creek Ranch
- Blue Mound
- Briaroaks
- Burleson
- Carrollton
- Cedar Hill
- Cockrell Hill
- Colleyville
- Coppell
- Crowley
- Dallas
- DeSoto
- Duncanville
- Edgecliff Village
- Euless
- Farmers Branch
- Ferris
- Forest Hill
- Fort Worth
- Glenn Heights
- Grand Prairie
- Grapevine
- Haltom City
- Hebron
- Highland Park
- Hutchins
- Irving
- Keller
- Kennedale
- Lancaster
- Lewisville
- Mansfield
- Mesquite
- North Richland Hills
- Oak Leaf
- Ovilla
- Pantego
- Plano
- Red Oak
- Rendon
- Richardson
- Richland Hills
- Roanoke
- Saginaw
- The Homesteads
- Trophy Club
- University Park
- Watauga
- Westlake
Neighborhoods in Grand Prairie, TX
Grand Peninsula rent to own homes Westchester rent to own homes Trailwood rent to own homes Lake Ridge rent to own homes Sheffield Village rent to own homes Mira Lagos rent to own homes Downtown Grand Prairie rent to own homes Nottingham Estates rent to own homes Tyre Estates rent to own homes Lone Star Park rent to own homesPopular Zip Codes in Grand Prairie, TX
75054 rent to own homes 75052 rent to own homes 75053 rent to own homes 75051 rent to own homes 75050 rent to own homesBuying a Home in Grand Prairie, TX
Grand Prairie, TX is seeing rapid growth and Grand Prairie, TX's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Grand Prairie, TX is part of Dallas 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 Dallas is 2.18% which is above the national average, which is 0.99%.
Median Home Price in Grand Prairie, TX
Median Rent in Grand Prairie, TX
Top Reasons to Live in Grand Prairie TX
Housing Statistics The housing market in Grand Prairie is one with plenty of promise. The city does not have the highest number of sales in the state, but it does have a solid real estate market with moderate pricing and availability in many areas. The median sale price of homes here for the second quarter of 2013 was $97,140. This is about 4.5 percent higher than 2012. Over the last year, 38 homes have sold, nearly all of them single family. The average listing price of homes is $201,352, which is about three percent lower than it was in 2012. Although no specific statistics are available for rental vacancy, the annual residential turnover rate is 18 percent, and median residency is three years. Keeping these facts in mind, you may be able to find the rent-to-own opportunity you are looking for.
Transportation and Commutes Many of the people living in Grand Prairie work in the heart of Dallas or the surrounding area. As a result, easy access and short drives are a must for people who hope to buy a house in the area, especially since the city is not connected to the DART lines, which means no public transportation connects this city to Dallas. For drivers, the main east to west route is over Interstate 20 or Interstate 30. Commuters can take State Route 303, also known as Pioneer Parkway, and State Route 180, known as Main Street, to move east and west through the central portion of the city. Other major roads include SH 360, SH 161, and Belt Line Road. To get into the city, drivers can count on spending about 20 to 30 minutes on the road.
Tourist Attractions Grand Prairie is a beautiful city with plenty of entertainment options. The Thoroughbred Meeting is held annually at Lone Star Park. Skaters and boarders might like the GPX Skate Park, which is a part of the Grand Prairie Parks and Recreation System. Verizon Theater is a popular venue for concerts and sports games. Traders Village has lots to offer for shoppers who love flea markets. Locals and visitors alike enjoy the annual chili cook offs.
Arts and Culture A visit to the Uptown Theater is in order for anyone interested in the city's rich history of performing arts. International cultural events take place in the Traders Village area. Individuals also have access to the numerous museums, parks, and entertainment venues located in Dallas.
Nightlife Overall, this upscale community does not have a large number of bars or nightclubs. However, there is still plenty to do in Grand Prairie and the surrounding area. Popular nightlife spots include Mary's Outpost, the New Solution Club, Jack's Pour House, Cowboys Dancehall, and Sherlock's Baker Street Pub. Many Grand Prairie residents make the trip to Dallas for an evening of fun. Nevertheless, a trip to Verizon Theater for a show and a stop at Theo's Grill and Bar or the Cowboys Red River location will make any night enjoyable.