Rent to own Homes in Cicero, IL

With just under 84,000 residents, Cicero is one of the nicest places to live in Cook County, Illinois. The city has great schools and a diverse community that is welcoming to all, as well as a low crime rate. Yearly festivals and cultural events make this vibrant community a great place to raise a family or retire.

Cicero, IL is a great place for affordable rent-to-own homes! With a median household income of over $53,726 and a median rent of $951, the Cicero, 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 Cicero, 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.