Rent to own Homes in Midlothian, TX
Located in Ellis County, Midlothian is one of the fastest growing cities in the state. The city has experienced a population boom of 142 percent over the past 14 years. Currently, Midlothian is the hub of the cement industry, and the city has a huge industrial park that houses the distribution facilities of some major department stores, such as Target, Toys R Us and QuikTrip.
Midlothian, TX is a great place for affordable rent-to-own homes! With a median household income of over $95,603 and a median rent of $1,266, the Midlothian, 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 Midlothian, 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 Midlothian, TX Property Resources
Rent to own Homes in Cities Near Midlothian, TX
- Alvarado
- Arlington
- Bear Creek Ranch
- Bedford
- Benbrook
- Blue Mound
- Briaroaks
- Burleson
- Carrollton
- Cedar Hill
- Cleburne
- Cockrell Hill
- Coppell
- Coyote Flats
- Cross Timber
- Crowley
- Dallas
- Dalworthington Gardens
- DeSoto
- Duncanville
- Edgecliff Village
- Everman
- Forest Hill
- Glenn Heights
- Grand Prairie
- Grandview
- Grapevine
- Haltom City
- Highland Park
- Hurst
- Hutchins
- Irving
- Joshua
- Keene
- Lancaster
- Mansfield
- Maypearl
- Midlothian
- Oak Leaf
- Ovilla
- Pecan Hill
- Red Oak
- River Oaks
- Saginaw
- Southlake
- The Homesteads
- Venus
- Watauga
- Waxahachie
- Westover Hills
Popular Zip Codes in Midlothian, TX
76065 rent to own homesBuying a Home in Midlothian, TX
Midlothian, TX is seeing rapid growth and Midlothian, TX's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Midlothian, TX is part of Ellis 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 Ellis is 1.84% which is above the national average, which is 0.99%.
Median Home Price in Midlothian, TX
Median Rent in Midlothian, TX
Top 6 Reasons to Live in Midlothian, TX
Thriving local economy! Midlothian is the mecca for cement production in the United States and is home to three of the largest cement facilities in the country -- Texas Industries, Holcim and Ash Grove.
Yoga for the body and the mind! If yoga is your calling, then Midlothian is the perfect city for you. Considered the yoga capital of Texas, Midlothian is home to multiple yoga studios. Residents can attend classes at Crescent Yoga, Midlothian Yoga or Dayme's Studio to name a few spots.
Can't miss restaurants! Texas cuisine is known for big flavors and the food in Midlothian is no exception. Start your culinary immersion at the Rising Sun Hibachi Grill. Head to Hideout Burger for a delicious grass-fed beef burger with their signature BBQ sauce.
Check out unique special events! Midlothian is home to numerous special events and civil activities that foster a community spirit and sense of pride. Held on the last Saturday in April, the Spring Fling welcomes in the start of a new season with delicious food, artwork from local vendors and events for all ages. Join the city residents on the first Saturday evening of December to celebrate the Holiday Light Up Parade.
Home values on the rise! Buyers who want to purchase for the long run will be happy to know that the median value of homes in Midlothian is on the rise. Since Midlothian is one of the fastest growing cities in Texas, now is the perfect time to buy. With the median home value at $260,500 and rising, deals can be made in neighborhoods like Ward and Britton.
Median sale price on the decline! In 2010, the median house price in Midlothian reached a peak at nearly $233,000. Since then, the sales prices has fallen to its current level of $162,000. Take advantage of falling prices by looking at buying a house or checking out rent to own homes in areas like Shiloh Road and City Center.