Rent to own Homes in Belvidere, IL
Located in Boone County, Belvidere has a growing population of 25,585. Just 75 miles from the heart of downtown Chicago, Belvidere offers the quiet living that people love about the country with the proximity to all the action in a large city. Known for being a pro-business community, Belvidere is home a Chrysler Automotive assembly plant, a General Mills distribution facility, and two hospitals.
Belvidere, IL is a great place for affordable rent-to-own homes! With a median household income of over $52,609 and a median rent of $854, the Belvidere, 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 Belvidere, 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 Belvidere, IL Property Resources
Rent to own Homes in Cities Near Belvidere, IL
- Addison
- Barrington
- Barrington Hills
- Batavia
- Bull Valley
- Burlington
- Burtons Bridge
- Campton Hills
- Carpentersville
- Cary
- Deer Park
- DeKalb
- East Dundee
- Elgin
- Elk Grove Village
- Forest Lake
- Fox Lake
- Fox River Grove
- Genoa
- Glendale Heights
- Glen Ellyn
- Hampshire
- Hanover Park
- Hawthorn Woods
- Holiday Hills
- Kaneville
- Kildeer
- Lake Barrington
- Lake in the Hills
- Lakemoor
- Lily Lake
- McCullom Lake
- McHenry
- Mundelein
- Naperville
- North Barrington
- Palatine
- Pingree Grove
- Pistakee Highlands
- Port Barrington
- Prestbury
- Richmond
- Round Lake
- Schaumburg
- South Elgin
- Sycamore
- Volo
- Wauconda
- Wonder Lake
- Woodstock
Popular Zip Codes in Belvidere, IL
61008 rent to own homesBuying a Home in Belvidere, IL
Belvidere, IL is seeing rapid growth and Belvidere, IL's' housing market remains optimal with an average home price that is -47% below the 2024 national average. Belvidere, IL is part of Boone 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 Boone is 1.98% which is above the national average, which is 0.99%.
Median Home Price in Belvidere, IL
Median Rent in Belvidere, IL
Top 5 Reasons to Live in Belvidere, IL
Scorching hot real estate market! Because Zillow predicts that the value of homes in Belvidere will grow 4.6 percent in the next year, now is the perfect time to purchase a rent to own home. For the best deals, look to a neighborhood like Orth Road or Pearl Street.
Less expensive homes! The median sales price of homes in Belvidere is $121,900, which is a much better value than nearby towns like Apple River and Kingston. Look to the neighborhoods of City Center and Logan Avenue for single family homes for sale.
Architect's paradise! Belvidere is home to the Petit Memorial Chapel that was designed by Frank Lloyd Wright. One of the few chapels ever designed by Wright, it is one of only two structures that the architect built for a cemetery. Additionally, the James Knox Daily-designed Belvidere Post Office is listed on the National Register of Historic Places.
Plenty of activities for any age! Hit the links at the 18-hole Beaver Creek Golf Course, situated on a picturesque 60-acre parcel of land. Perfect for an aspiring golfer, this intermediate course features five sand traps, four holes measuring less than 350 yards, and a creek to maneuver around. For an afternoon with the animals, head straight to the Summerfield Farm and Zoo. Despite its small size, the zoo has a multitude of animals ranging from the exotics to domestic livestock.
Calling all foodies! The top-rated restaurant in Boone County, Smokin' Coop BBQ Pit may not look like much from the outside, but the food is absolutely delicious. Be sure to come on a Wednesday night for BBQ and the classic car show. You can also head to the Brick Cafe & Art Gallery to enjoy an all-natural lunch while viewing artwork from local artists.