Rent to own Homes in Dixon, IL
Living in Dixon, IL is living in a piece of Americana. Ronald Reagan spent his boyhood along the banks of the Rock River and later as a local life guard. The Lincoln Monument State Memorial also has a home here, dedicated to the Abraham Lincoln's joining of the Illinois militia. Rock River splits the city in two, offering easy access to water sports and a relaxed and updated riverfront to hike, shop or enjoy the scenery.
Dixon, IL is a great place for affordable rent-to-own homes! With a median household income of over $46,479 and a median rent of $641, the Dixon, 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 Dixon, 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.
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Rent to own Homes in Cities Near Dixon, IL
Neighborhoods in Dixon, IL
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61021 rent to own homesBuying a Home in Dixon, IL
Dixon, IL is seeing rapid growth and Dixon, IL's' housing market remains optimal with an average home price that is -57% below the 2024 national average. Dixon, IL is part of Lee 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 Lee is 1.97% which is above the national average, which is 0.99%.
Median Home Price in Dixon, IL
Median Rent in Dixon, IL
Top 7 Reasons to Live in Dixon, IL
Low cost of living and home prices! Dixon enjoys a cost of living that is 15.4 percent lower than the national average. Lower property prices is part of that lower living cost, with the median home price at just $93,500. To find rent to own options around that price point, be sure to shop in areas like Amboy or along Lincoln Ave.
More homes to choose from! The inventory of available homes for sale has nearly doubled in recent years, giving buyers more choice than ever, with more available square footage per home. Neighborhoods like Nelson or Harmon have some of the most expensive and largest options for the discerning buyer.
Nibbles and nosh! Residents don't need to travel far to enjoy a good plate of food in Dixon, with Basil Tree Ristorante and Salamandra Restaurant in the city. Basil Tree Ristorante serves classic Italian cuisine, while Salamandra Restaurant brings Mexican flavor to the table.
Active nightlife! Locals can hole up at nighttime hot spots like the Corner Spot Bar and Grill and Shamrock Pub. They offer a place to relax and enjoy a game or simply grab a beer after work.
Pick a park! Dixon is home to several stunning parks, some of which have been listed on the National Register of Historic Places, like Lowell Park, a beautifully landscaped, local favorite. The largest park is The Meadows, which has enough acreage to offer bow hunting, soccer fields, roller hockey courts and more.
Boutique bags of shopping! Full of small, independently owned shops, Dixon is home to boutique stores like Reuben's Relics for antiques and retro decorations or Crystal Cork Wine Shoppe for customized gifts.
Tee off time! Several local golf courses, including Timber Creek Golf and Lost Nation Golf Club, make it easy for enthusiasts to practice their drives.