Rent to own Homes in Arlington Heights, IL
Arlington Heights, Illinois, has a population of over 75,000 people and is home to attractions like the Arlington Park Race Track and the Arlington Heights Memorial Library. Arlington Heights prides itself on being a family-friendly, safe community. Over 60% of residents are married, and the violent crime rate in Arlington Heights is 12% lower than the national average and 37% lower than the average of Illinois. The property crime rate is also lower than the national average.
Arlington Heights, IL is a great place for affordable rent-to-own homes! With a median household income of over $100,221 and a median rent of $1,441, the Arlington Heights, 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 Arlington Heights, 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.
More Arlington Heights, IL Property Resources
Rent to own Homes in Cities Near Arlington Heights, IL
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Forest Park
- Gages Lake
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Hodgkins
- Indian Creek
- Knollwood
- La Grange Park
- Lake Barrington
- Lakemoor
- Lake Villa
- Lincolnshire
- Lombard
- Long Lake
- Maywood
- Melrose Park
- Mundelein
- Naperville
- Oak Brook
- Old Mill Creek
- Palatine
- Park City
- Port Barrington
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Volo
- Wauconda
- Westchester
- Willow Springs
Neighborhoods in Arlington Heights, IL
Harris Prospect Park rent to own homes Golden Gardens rent to own homes Greenbrier In The Village Green rent to own homes Berkley Square rent to own homes Arlington Manor rent to own homes Realcoa In Arlington Heights rent to own homes Thomas Catinos rent to own homes Berkley Ridge rent to own homes Arlington Heights Garden rent to own homes Westgate rent to own homesPopular Zip Codes in Arlington Heights, IL
60006 rent to own homes 60004 rent to own homes 60005 rent to own homesBuying a Home in Arlington Heights, IL
Arlington Heights, IL is seeing rapid growth and Arlington Heights, IL's' housing market remains not optimal with an average home price that is 62% above the 2024 national average. Arlington Heights, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Arlington Heights, IL
Median Rent in Arlington Heights, IL
Top Reasons to Live in Arlington Heights IL
Housing Statistics The average listing price in Arlington Heights is $373,521. The median sales price is $278,500, which is up 17.5% when compared to last year. Over 40% of the housing stock in Arlington Heights was built between 1960 and 1980. The average value of owner-occupied housing units in this city is $240,600, which is much higher than the state average of $130,800. The average cost of renting a home in Arlington Heights will cost you about $800 per month.
Transportation and Commutes While Arlington Heights does not have its own airport or Amtrak train station, thirty miles from the center of the city you can find two airports and five Amtrak train stations. 40% of workers in Arlington Heights have a commute of 25 minutes or less, while close to 25% have a commute of 45 minutes or longer. The average travel time to get to work in Arlington Heights is 14.3% more than actual Illinois average and above the national average by 321.3%. Very few people carpool in Arlington Heights; the rate is 44.4% below the state average. Some people choose to work for their homes in Arlington Heights. This number is greater than the Illinois average by 30.5% and greater than the national average by 22.4%.
Local Sports Arlington Heights may not have its own football team or baseball team, but they have a lot of fun playing their billiards, golf, and bowling. Some of the top golf courses in the area include Nickol Knoll Golf Club and Rolling Green Country Club. There are over 58 parks in Arlington Heights, some of which have specialized facilities, including the Forest View Racquet and Fitness Club, the Heritage Tennis Club, and the Olympic Indoor Swim Center. There are five outdoor pools, over forty baseball diamonds, and even seven sand volleyball courts in this city.
Arts and Culture The Metropolis Performing Arts Centre, Arlington HeightsHistoricalMuseum, and the Arlington Heights Library should be a few of your first stops when you move to Arlington Heights. The Metropolis Performing Arts Centre performs more than fifty productions annually, including musicals, live jazz, plays, symphonic and vocal music, family shows, dance, Second City Comedy, and the professional children's theatre. The Arlington HeightsHistoricalMuseum has a log cabin, a coach house, and the Banta House, which was built in 1908. The Arlington Heights Library is a top library facility. An estimated 66% of residents in Arlington Heights have a library card
Nightlife Arlington Heights boasts a lot of hopping nightlife. New places are constantly opening up for residents to try, with some of the current popular ones including the Red Moon Martini Lounge, Eddie's Restaurant and Lounge, Mago Grill and Cantina, and Peggy Kinnane's Irish Restaurant and Pub. Rest assured, not everyone here is fixated on pubs and bars. If you want something a little different, be sure to check out Gatsby's Pizza for a delicious evening or the House of Music and Entertainment to catch the latest band.