Rent to own Homes in Buffalo Grove, IL
Good transportation system! The Chicago area is just a half hour away from Buffalo Grove, and you can use the public transit system to get there. The city has a station at Weiland Road and Deerfield Parkway that serves the North Central Service to Union Station in downtown Chicago.
Buffalo Grove, IL is a great place for affordable rent-to-own homes! With a median household income of over $117,921 and a median rent of $1,700, the Buffalo Grove, 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 Buffalo Grove, 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 Buffalo Grove, IL Property Resources
Rent to own Homes in Cities Near Buffalo Grove, 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 Buffalo Grove, IL
Camelot Of Buffalo Grove rent to own homes Candlewood Creek East rent to own homes Old Farm Village rent to own homes Devonshire rent to own homes Ridgewood rent to own homes Horatio Gardens rent to own homes Highland Grove North rent to own homes Highland Point rent to own homes Green Knolls rent to own homes The Woodlands At Fiore rent to own homesPopular Zip Codes in Buffalo Grove, IL
60089 rent to own homesBuying a Home in Buffalo Grove, IL
Buffalo Grove, IL is seeing rapid growth and Buffalo Grove, IL's' housing market remains not optimal with an average home price that is 56% above the 2024 national average. Buffalo Grove, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Buffalo Grove, IL
Median Rent in Buffalo Grove, IL
Top 8 Reasons to Live in Buffalo Grove, IL
A variety of homes! Whether you are looking to buy a traditional home with a white picket fence or rent to own an iconic row house, you will have your pick of options in Buffalo Grove. Although many of the homes were built during the local building boom that lasted from 1970 to 1999, there are several older and newer homes to choose from in areas like Horatio Gardens and Village Center.
Reasonable home prices! The median home price is higher than the national average at $340,000, but homes in this community also include more room than average. You can always look for rent to own homes near West Half Day Road and Buffalo Grove Road if you're not quite ready to purchase a house outright yet.
Thriving rental market! Even though about 90% of the homes in the area are owner occupied, there is still a thriving rental market in Buffalo Grove. Depending on your needs, you can choose to look at spacious rent to own houses or small apartment complexes where the neighbors all seem to know each other. If you're interested in the latter, check out The Wheatlands or The Green at Chevy Chase.
Become one with nature! With about 50 parks to choose from, you should have no trouble indulging your love of nature in this town. Be sure to visit Mike Rylko Community Park, which is the largest park in the community at more than 75 acres, as well as the Buffalo Grove Forest Preserve, which is over 400 acres in size.
Entertainment options! If you are in the mood for a fun evening, your best bet would be at Buffalo Grove Town Center on McHenry Road. This is home to Buffalo Grove Theatre and Brunswick's bowling alley, which means this center offers fun for all ages.
Restaurant choices galore! Whether you are in the mood for a quick lunch with friends or a leisurely dinner spent catching up with distant relatives, there are a number of dining options available. Just a few include India House Restaurant, Giordano's and Firewood Kabob Mediterranean Grill.
Fun local activities! Buffalo Grove Days Festival is held each September, and the Buffalo Grove Invitational Fine Arts Festival takes place in July. The town also hosts a Farmer's Market throughout the summer months at the Spray 'N Play Pool on McHenry Road near Buffalo Grove Road.