Rent to own Homes in Chicago Heights, IL
Nicknamed "Crossroads of the Nation," Chicago Heights is a small city located in Cook County, Illinois. The area was originally settled in 1833 and was incorporated as a village in 1892. By the early 1900s, it started experiencing tremendous growth and officially become a city. With a current population just over 30,000 and approximately 10 square miles of land, this area of Illinois enjoys the community feel of a small town combined with the luxuries of a modern city.
Chicago Heights, IL is a great place for affordable rent-to-own homes! With a median household income of over $49,880 and a median rent of $918, the Chicago 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 Chicago 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 Chicago Heights, IL Property Resources
Rent to own Homes in Cities Near Chicago Heights, IL
- Alsip
- Blue Island
- Burnham
- Calumet City
- Calumet Park
- Cedar Lake
- Chicago Heights
- Country Club Hills
- Crestwood
- Crete
- Demotte
- Dyer
- East Chicago
- Evergreen Park
- Flossmoor
- Ford Heights
- Frankfort
- Frankfort Square
- Goodenow
- Griffith
- Hebron
- Highland
- Hobart
- Hometown
- Homewood
- Lakes of the Four Seasons
- Manteno
- Markham
- Matteson
- Merrionette Park
- Midlothian
- Mokena
- New Chicago
- Oak Forest
- Orland Park
- Palos Heights
- Park Forest
- Peotone
- Phoenix
- Portage
- Roselawn
- Sauk Village
- Schneider
- Shorewood Forest
- South Chicago Heights
- Steger
- Thayer
- Thornton
- Tinley Park
- Worth
Neighborhoods in Chicago Heights, IL
Serena Hills rent to own homes Normandy Villas rent to own homes Beacon Hill rent to own homes Olympia Terrace rent to own homes Roosevelt rent to own homes Hungry Hill rent to own homes West End rent to own homes North End rent to own homes Country Club rent to own homes Arterial Hill rent to own homesPopular Zip Codes in Chicago Heights, IL
60412 rent to own homesBuying a Home in Chicago Heights, IL
Chicago Heights, IL is seeing rapid growth and Chicago Heights, IL's' housing market remains optimal with an average home price that is -50% below the 2024 national average. Chicago 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 Chicago Heights, IL
Median Rent in Chicago Heights, IL
Top 6 Reasons to Live in Chicago Heights, IL
Lots of rental opportunities available! The real estate in Chicago Heights is mostly dominated by rental opportunities. This includes homes for rent but mostly consists of the many apartment complexes located throughout the city. Since the average price for a rental unit in Chicago Heights is below the national average, this works out for many interested parties. Both the Tenant Councilgolden Towers and Prairie Green at Dixie Crossing complexes offers some great units.
You can always buy as well! Of course, just because rentals are the predominant force in the area does not mean there is a lack of homes for sale. The average price you will find in Chicago Heights is well below the national average, giving new residents a perfect opportunity to purchase a home. When in doubt, there are also rent to own houses on the market. The Indian Hill neighborhood is one the best for home prices. Holbrook also offers some great opportunities to buy.
Enjoy a good game of golf! If playing golf is one of your interests, you will be happy to know that Chicago Heights is home to two golf courses. The Chicago Heights Country Club West Course has been around for over 100 years and offers an exciting play experience. For a shorter game, the 9 Hole East Course offers you an equally fun course to play on.
An abundance of parks to choose from! Depending on what you are looking for, the Parks Department of Chicago Heights maintains a variety of places to visit. The Local Commissioner's park is packed with all variety of facilities and equipment to use whereas parks like Alex Lopez park are much more sparse and offer a quiet place to relax and get away.
Plenty of culture to experience! Whether you want to read a book in the relaxing atmosphere of the Chicago Heights Public Library or go see at play put on by The Drama Group of Chicago Heights, there is always something to do in the area.
Participate in the community! Even though Chicago Heights tends to lean towards that city feel, there are community events year round. This includes annual events like the Chicago Heights Sister City Festival and the Tree Lighting in December.