Rent to own Homes in Bloomington, IL
Bloomington is an extraordinary city that just happens to be next to Normal. Known for having the oldest continuously performed passion play in the country, the city also hosts the annual Illinois Shakespeare Festiva. Among the city's landmarks is the iconic Telecourier Tower, which resembles a futuristic Eiffel Tower and perfectly captures the spirit of the city.
Bloomington, IL is a great place for affordable rent-to-own homes! With a median household income of over $66,861 and a median rent of $844, the Bloomington, 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 Bloomington, 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 Bloomington, IL Property Resources
Rent to own Homes in Cities Near Bloomington, IL
- Armington
- Atlanta
- Beason
- Bloomington
- Carlock
- Clinton
- Congerville
- Cooksville
- Danvers
- Deer Creek
- Dewitt
- Downs
- Ellsworth
- El Paso
- Eureka
- Goodfield
- Gridley
- Heritage Lake
- Heyworth
- Hudson
- Kappa
- Kenney
- Le Roy
- Lexington
- Mackinaw
- McLean
- Mc Lean
- Minier
- Normal
- Panola
- Secor
- Shirley
- Stanford
- Towanda
- Twin Grove
- Wapella
- Waynesville
Neighborhoods in Bloomington, IL
White Place rent to own homes Alexander Estates rent to own homes Hedgewood rent to own homes Olde Towne rent to own homes Founders Grove rent to own homes Northwest Union rent to own homes Old Farm Lakes rent to own homes Fox Creek Road rent to own homes Davis-Jefferson Historical District rent to own homes South Oakland rent to own homesPopular Zip Codes in Bloomington, IL
61702 rent to own homes 61799 rent to own homes 61704 rent to own homes 61709 rent to own homes 61710 rent to own homes 61791 rent to own homes 61701 rent to own homesBuying a Home in Bloomington, IL
Bloomington, IL is seeing rapid growth and Bloomington, IL's' housing market remains optimal with an average home price that is -24% below the 2024 national average. Bloomington, IL is part of McLean 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 McLean is 2.03% which is above the national average, which is 0.99%.
Median Home Price in Bloomington, IL
Median Rent in Bloomington, IL
Top Reasons to Live in Bloomington IL
Housing Statistics While the year-on-year median sales price of houses in the city has dipped slightly to $165,250 for May-July 2013 the number of sales has increased by 60% to 464 over the same period. 57% of residents own their home, compared to 37% who rent, while 6% are vacant, with many of these properties being available as rent to own homes. The residential turnover rate is reasonable at 16%.
Outdoor Activities A 24 mile trail that runs through Bloomington and neighboring city Normal provides a great route for walking, jogging, cycling and rollerblading - if the snowfall is heavy enough you might even spot people skiing. Keen golfers have a number of ways to keep themselves busy including the Highland Park Golf Course and the Links at Ireland Grove. Meanwhile a half hour drive out of the city will take you to Moraine View State Park, which provides excellent hiking and fishing opportunities.
Nightlife Fans of live music will want to head to the Six Strings Club, which hosts a regular open mic night as well as more established live acts. Daddios is a party hotspot perfect for people that can't sit still - whether there's a DJ spinning the latests hits or a cover band performing iconic tracks of the 80s this is a venue that promises a good time for anyone willing to let their hair down. If you're just after a local sports bar to chill out in (unlikely to happen during a big game) then Elroy's on W Washington St is a good bet.
Local Sports The US Cellular Coliseum is home to three professional sports teams - Bloomington Edge (indoor football), Bloomington Blaze (ice hockey) and Bloomington Flex (basketball), and while all three teams have only been established within the last decade there has already been sporting success. Bloomington Flex, who play in the Premier Basketball League, clinched the 2012 Championship in front of their home crowd before successfully defending that title a year later. Meanwhile Bloomington Edge managed to win a division title in 2008 while competing under United Indoor Football.
Tourist Attractions One of Bloomington's highlights is Miller Park Zoo, which has existed in one form or another for over a century. Admission prices are low making it an affordable family day out, and the menagerie of animals include callimico monkeys and Galapagos tortoises, with the tigers, bears and leopards being promoted as the stars of the zoo. Other things to do in the city include a round of miniature golf, also at Miller Park, or an ice-skating sessions at the Pepsi Ice Centre