Rent to own Homes in Alton, IL
Alton is a sustainable community west of Illinois. It is the multiple winner of the Cool Cities Award and Recycling Program and the community is dedicated to enriching the lives of others around the neighborhood. Alton is full of recreational opportunities, employment prospects and history. It is the site of the historic debate between Abraham Lincoln and Stephen Douglas. Home of legendary jazz musician Miles Davis and the distinguished Jacoby Arts Center, Alton has also become the home for many relocating citizens.
Alton, IL is a great place for affordable rent-to-own homes! With a median household income of over $43,291 and a median rent of $796, the Alton, IL 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 Alton, IL. 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.
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Rent to own Homes in Cities Near Alton, IL
- Alton
- Bellefontaine Neighbors
- Bel-Ridge
- Black Jack
- Breckenridge Hills
- Brentwood
- Castle Point
- Charlack
- Columbia
- Concord
- Cool Valley
- Country Club Hills
- Creve Coeur
- Dellwood
- Des Peres
- Dow
- Edmundson
- Elsah
- Fenton
- Glasgow Village
- Grantwood Village
- Greendale
- Jennings
- Kirkwood
- Ladue
- Lemay
- Mackenzie
- Maplewood
- Marlborough
- Mehlville
- Moline Acres
- Murphy
- Northwoods
- Norwood Court
- Oakville
- O'Fallon
- Old Jamestown
- Pasadena Hills
- Pasadena Park
- Richmond Heights
- Riverview
- Rock Hill
- Sappington
- Shrewsbury
- Spanish Lake
- St. Ann
- St. George
- St. John
- Sunset Hills
- Winchester
Neighborhoods in Alton, IL
Christian Hill rent to own homesPopular Zip Codes in Alton, IL
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Alton, IL is seeing rapid growth and Alton, IL's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Alton, IL is part of Madison 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 Madison is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Alton, IL
Median Rent in Alton, IL
Top 6 Reasons to Live in Alton, IL
Desirable homes at affordable prices! The town boasts charming homes, from Victorian and ranch designs to modern French-styled townhouses and condos, all at unbeatable prices. Home buyers will find a mixed range of houses on Henry Street and East Broadway near Landmark Boulevard downtown. In Alton, the median home value is 55.5 percent less than the state's average and 53.1 percent less than the national average. Comparatively, they represent incredible deals for investing fully in a home or rent to own option.
Historic Downtown is a renter's dream! The Lincoln Lofts on State Street is an important site in the historic district and a magnificent place where renters feel at home. Formerly the Franklin House Hotel, Abraham Lincoln concluded his most famous debate here. Now renovated into desirable condos, renters enjoy affordable rates 20.9 percent less than the state's average. Rent to own houses in the surrounding area are also attractively positioned for longer term stays. Classic rent to own homes in the neighborhood include the Langdon area where a 10.1 percent vacancy rate leaves room for choices.
Watch live performances at the most popular entertainment venue! The stunning open-air Liberty Bank Amphitheater on Riverfront Drive is a 4,000 capacity outdoor space with magnificent technological designs. This cultural arena caters to star-studded acts and is the premier spot for summer events. Admission tickets are often sold at the Alton Regional Convention and Visitors Bureau, just 25 minutes from downtown St. Louis.
Stand beside the world's tallest man! Robert Wadlow was a giant citizen of Alton, and today he still holds the Guinness world record as the tallest man who walked the earth. At 8 feet 11 inches, visitors can stand next to his life-sized replica and be amazed at the height difference. The statue is located on the grounds of SIUE's Dental School, off College Avenue, which is north of Princivalli's Cafe.
Sail across the Mississippi River on a whim! It's quite the experience to ferry across the Mississippi River, and many do, choosing one of several ferries in the area. The exciting ride creates the impulse for playful repeats of the journey and the Brussels Ferry, west of Grafton, caters to such whims--free of cost. For a small fee, the Golden Eagle ferry allows visitors to stop for a juicy burger at one of the eateries along the shoreline, near the Great River Road.
Home of the most flavorful, fudge ice cream! There are multiple flavors of the rich, silky homemade goodness at Country Corner Fudge on East Main Street. Decadent fudge blends include local favorite, chocolate-walnut and rocky road. Stroll towards George Street with your treat and explore a variety of enticing shops, including the George Street Antique Mall.