Rent to own Homes in Chicago Ridge, IL
Chicago Ridge is named for the deep ridges left in the ground when huge amounts of dirt were removed by train during construction of the 1893 Chicago World's Fair. The Wabash St. Louis & Pacific railway, and later the Chicago Calumet Terminal railway, played an influential role in Chicago Ridge's history, bringing jobs and settlers to the area. Current residents enjoy the convenience of their own Metra commuter train stop. The train travels from Illinois to Manhattan daily, with stops in Chicago and other Illinois cities.
Chicago Ridge, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,555 and a median rent of $973, the Chicago Ridge, 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 Ridge, 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 Ridge, IL Property Resources
Rent to own Homes in Cities Near Chicago Ridge, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Neighborhoods in Chicago Ridge, IL
Chicago Ridge rent to own homesPopular Zip Codes in Chicago Ridge, IL
60415 rent to own homesBuying a Home in Chicago Ridge, IL
Chicago Ridge, IL is seeing rapid growth and Chicago Ridge, IL's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Chicago Ridge, 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 Ridge, IL
Median Rent in Chicago Ridge, IL
Top Five Reasons to Live in Chicago Ridge, IL
Real estate values are on the rise! In the past year, the median sales price for homes in Chicago Ridge increased nearly 10 percent. That's great news for potential home buyers, as it means their investments are likely to increase in value. It also means that now is the ideal time to buy a house while prices are still affordable. One smart way to do this is to search for rent to own homes. Look at newer subdivisions like Ridge Cove and established areas like Village Center.
Plenty of homes available! As of late 2014, there were nearly 60 houses for sale in Chicago Ridge. Take a drive through the residential areas around Stony Creek Golf Course, and you'll see plenty of home for sale signs. Another area with strong housing inventory is the Chicago Ridge Highlands subdivision.
RidgeFest! Each July, folks from all over the Chicago metro area head to Chicago Ridge for RidgeFest, four days of outstanding live music, carnival rides, games, a petting zoo and pony rides. You'll also enjoy shopping, eating and drinking in the beer garden. Freedom Park is ground zero for this summer celebration. When you live in Chicago Ridge, you can party on at the Tilted Kilt or Kinderhook Tap after the festival winds down around 11:30 p.m.
Farmers' Market! The farmer's market offers a variety of foods in addition to fresh fruits and veggies. Grab a bite to eat from Smilin' Clyde's Weenie Wagon, Aracely's Bakery or Diamond Dough Girls. These local vendors are fixtures at most of the markets. Occasionally local radio stations like K-Hits 104.3 will broadcast from the farmers' market, and live cooking demonstrations will be held.
Chicago Ridge Mall! You're never far from outstanding shopping, dining and new-release movies; the mall's got it all! The AMC Chicago Ridge 6 features cozy reclining seats. The mall offers shops and restaurants that appeal to all ages and tastes, from Buffalo Wild Wings and Dairy Queen to Pier 1 Imports, Sears and Earthbound Trading Co.