17 Best Houston suburbs to buy a rent-to-own or owner-financed home

Buying a home with bruised or bad credit in Houston or anywhere else for that matter is quite challenging. Qualifying for a mortgage is the biggest obstacle for home buyers struggling with credit issues. In such a scenario, alternative financing options such as rent-to-own or owner financing can provide you the opportunity to realize your home ownership dream because they can help you to buy a home regardless of your credit situation. The only caveat is that you should have your finances in order and be willing to put a reasonably large amount of money down.

In recent articles, we covered various aspects of buying a Houston home with rent-to-own or owner financing. Before we discuss the best Houston suburbs to buy a home with alternative financing options, you can check out the following articles to get yourself familiar with the process:

Finding owner financed homes in Houston, TX: Complete guide

Owner financing vs lease option (rent-to-own) in Houston: which one is better

Now that you know what owner financing is and how it works, let’s discuss some of the best suburbs in and around Houston where you can consider buying a home:

The Woodlands

This master-planned community is the perfect choice in every respect if you can afford a home here. According to the National Association of Realtors, the median home price in The Woodlands is $340,000. The best feature of this Houston suburb is greenery and world-class neighborhood amenities. There are nearly 150 parks in The Woodlands. It also features over 100 public schools – some of them with a GreatSchools rating of 9 or more. It’s undoubtedly one of the most popular suburbs near Houston.

Click the following link to get more details about the area and gain free access to all the homes listed with rent-to-own or owner financing option:

The Woodlands TX rent –to-own and owner financed homes: Complete guide

Katy

Katy, TX is comparatively affordable and at the same time, offers more or less the same amenities as the Woodland does. According to the National Association of Realtors, the median home price in Katy is about $290,000 and it features over 125 schools. It is conveniently located in close proximity to downtown Houston which makes it a great choice for professionals. The families love this Houston suburb for the greenery and amenities such as golf courses, wide tree-lined streets, community parks, playgrounds, swimming pools and tennis courts.

Click the following link to get more details about Katy and free access to rent-to-own and owner financed home in this Houston suburb:

Katy TX rent-to-own and owner-financed homes

Sugar Land

Sugar Land is also one of the most sought-after suburbs near Houston. According to the National Association of Realtors, the median home price is $360,000 and it features about 65 schools. A low crime rate, a high ratio of owner-occupied properties, great amenities and greenery are some of features that make Sugar Land a desirable neighborhood.

Want to know more about Sugar Land housing market? Click the link below to get free access to rent-to-own and owner financing home listings:

Sugar Land rent-to-own and owner-financed homes

Pearland

For home buyers struggling with credit, Pearland is a great Houston suburb to buy a home in as the homes here are comparatively more affordable. According to the National Association of Realtors, the median home price in Pearland is about $285,000 and it features over 60 schools. Close proximity to downtown Houston, great amenities such as golf courses and a wide selection of homes are some of the reasons for this suburb’s popularity among home buyers.

Click the following link to know more about Pearland and get free access to rent-to-own and owner-financed home listings in its neighborhoods:

Pearland rent-to-own and owner-financed homes

Richmond

Richmond – a small Houston suburb – is home to about 12,000 people from diverse ethnic and racial backgrounds. The median home price is about $290,000. Richmond features a wide selection of homes so if you are looking for a budget home, you should definitely consider this suburb. Most homes in Richmond are served by two school districts. Top-rated schools and world-class amenities make Richmond a favorite destination for families.

Click the following link to get access to rent-to-own and owner-financed home listings in Richmond, TX:

Richmond TX rent-to-own and owner-financed homes

Cypress

Cypress TX is an affluent suburb near Downtown Houston. According to the National Association of Realtors, the median listing price is $315,000. The suburb is home to a very diverse community. There are about 60 schools in Cypress which makes it a popular choice among families raising kids.

Click the following link to know more about the suburb and get free access to Cypress rent-to-own and owner financed home listings:

Cypress rent-to-own and owner-financed homes

Friendswood

Friendswood is one of the most competitive real estate markets near downtown Houston. The median listing price is $335,000, according to the National Association of Realtors. It features nearly 25 schools. It’s located about 20 miles from Houston. Heritage Park, West Ranch and Sunmeadow are among the most popular neighborhoods in this suburb.

Click the following link to know about more Friendswood TX and get free access to rent-to-own and owner financed home listings here:

Friendswood rent-to-own and owner-financed homes

Clear Lake

Though Clear Lake is a very competitive real estate market, the homes are comparatively affordable with a median listing price of $250,000, according to the National Association of Realtors. The suburb features about 35 schools and one of the major reasons for its popularity is its close proximity to Houston.

Click the following link to know more about Clear Lake and get free access to rent-to-own and owner-financed home listings in this suburb:

Clear Lake rent-to-own and owner-financed homes

Stafford

Stafford is a small suburb near Houston with a median listing price of about $230,000, according to the National Association of Realtors. It means that it’s very affordable for credit-challenged home buyers. Since the homes are comparatively affordable, the housing market is very competitive. There are nearly 35 schools in Stafford.

Click the following link to know more about the Stafford TX housing market and get free access to rent-to-own and owner financed home listings here:

Stafford rent-to-own and owner financed homes

Missouri City

Missouri City is a large suburb near Houston. According to the National Association of Realtors, the Missouri City housing market is not very competitive, but homes are staying for fewer days on the block due to high affordability. The median listing price is about $275,000 and since you will find over 1000 homes listed for sale most weeks, there is always a good chance that you can find a home in your budget.

Click the following link to know more about the Missouri City market and get free access to rent-to-own and owner-financed listings in this popular Houston suburb:

Missouri City rent-to-own and owner financed homes

Kingwood

With a median listing price of about $250,000, Kingwood is one of the most affordable suburbs, according to the National Association of Realtors. Since it’s an affordable housing market, bidding wars for homes located in desired areas is not uncommon. This makes it important for credit challenges home buyers to be financially prepared when they are in the Kingwood housing market looking to buy a home with owner financing or rent-to-own financing arrangement. There are about 50 schools in Kingwood.

Click the following link to get more details about the Kingwood housing market and get free access to rent-to-own and owner financed home listings here:

Kingwood rent-to-own and owner-financed homes

Jersey Village

Jersey Village is yet another suburb near Houston. According to the National Association of Realtors, the median listing price in Jersey Village is about $220,000. Since you will find nearly 500 homes listed for sale, you can definitely buy real estate here on a budget. A wide selection of homes enables you to find a home that suits your budget and needs. There are nearly 44 schools in Jersey. An important thing to take into consideration is that Jersey Village is a very competitive housing market for home buyers.

Click the following link to know more about the Jersey City housing market and get free access to rent-to-own and owner-financed home listing here:

Jersey Village rent-to-own and owner-financed homes

Manvel

Manvel is an affluent suburb with a median home listing price of $310,000. Due to the steep increase in home prices, the home buying activity slowed down in Manvel in the recent months. As a result, it’s currently a buyer’s market, according to the National Association of Realtors. In a buyer’s market, home sellers are more willing to accept alternative financing options such as owner financing. There are about 15 schools in Manvel.

Click the following link to know more about the Manvel housing market and get free access to rent-to-own and owner-financed homes here:

Manvel rent-to-own and owner-financed homes

Fulshear

Despite being a very expensive housing market with a median listing price of about $360,000, Fulshear is very competitive for home buyers. There are about 80 schools in Fulshear – many of them with a GreatShools rating of 9 or more. There is a wide selection of homes to choose from. According to the National Association of Realtors, you can find about 1000 homes listed for sale most weeks. These features coupled with great amenities make Fulshear a hot housing market. It means that if you are looking to buy a home here, you should expect to arrange for a reasonably large down payment.

Click the following link to know more about the Fulshear real estate market and get free access to rent-to-owner and owner-financed home listings here:

Fulshear rent-to-own and owner-financed homes

Spring

One of the most popular Houston suburbs, Spring is known for its wide selection of homes. You will find about 3500 homes listed for sale in Spring most weeks. According to the National Association of Realtors, the median home listing price is nearly $300,000. The Spring housing market is very competitive; however, it is easy to find an affordable home here. There are about 163 schools in Spring. The suburb is very popular among families.

Click the following link to know more about the Spring Housing market and get free access to rent-to-own and owner-financed home listings here:

Spring TX rent-to-own and owner finance homes

Humble

The Humble housing market is popular for affordable housing options and a wide selection of homes. According to the National Association of Realtors, the median home listing price in Humble is nearly $240,000 and there are about 1500 homes listed for sale most weeks. If you are a credit-challenged home buyer, you should definitely consider buying a home in Humble; however, you should know that it’s a very competitive real estate market.

Click the following link to know more about the Humble real estate market and get free access to rent-to-owner and owner-financed home listings here:

Humble rent-to-own and owner-financed homes

Tomball

The median home listing price in Tomball is about $300,000, according to the National Association of Realtors. The Tomball housing market is currently not very competitive, but since the homes are expensive you need to be financially prepared and be ready to arrange for a large down payment. Having said that, a wide selection of homes makes it possible to buy a home on a budget. You will find about 1200 homes listed for sale in Tomball most weeks. There are nearly 50 schools in this Houston suburb.

Click the following link to know more about the Tomball housing market and get free access to rent-to-own and owner financed home listings here:

Tomball rent-to-own and owner-financed homes

So these are 17 Houston suburbs you should consider buying a home in if you are planning to finance your home deal with a rent-to-own financing arrangement or owner financing. Real estate digital marketing