Rent to own Homes in East Moline, IL
East Moline is one of the five towns that make up the Quad Cities of Illinois and has a population of 22,000. Considered a great place to live, East Moline has a thriving local economy that accounts for much of the employment in the city. Home to more than 10 parks, East Moline offers excellent hiking and recreational activities through adult and youth sports leagues.
East Moline, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,388 and a median rent of $690, the East Moline, 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 East Moline, 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 East Moline, IL Property Resources
Rent to own Homes in Cities Near East Moline, IL
- Alpha
- Andalusia
- Andover
- Argo
- Barstow
- Blue Grass
- Buffalo
- Cable
- Camanche
- Cambridge
- Campbells Island
- Carbon Cliff
- Cleveland
- Clinton
- Coal Valley
- Colona
- Coyne Center
- De Witt
- Edgington
- Grand Mound
- Hamlet
- Hillsdale
- Illinois City
- Joslin
- Low Moor
- Lynn Center
- Matherville
- Maysville
- McCausland
- Milan
- Moline
- Montpelier
- New Windsor
- Oak Grove
- Ophiem
- Orion
- Osco
- Panorama Park
- Port Byron
- Preemption
- Princeton
- Reynolds
- Riverdale
- Rock Island
- Rock Island Arsenal
- Silvis
- Swedona
- Taylor Ridge
- Viola
- Woodhull
Neighborhoods in East Moline, IL
No neighborhoods foundPopular Zip Codes in East Moline, IL
61244 rent to own homesBuying a Home in East Moline, IL
East Moline, IL is seeing rapid growth and East Moline, IL's' housing market remains optimal with an average home price that is -48% below the 2024 national average. East Moline, IL is part of Rock Island 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 Rock Island is 2.01% which is above the national average, which is 0.99%.
Median Home Price in East Moline, IL
Median Rent in East Moline, IL
Top 6 Reasons to Live in East Moline, IL
Thriving local economy! East Moline's population is on the rise because the economy is showing signs of steady growth. Many of the employed residents in East Moline work at one of the major companies that make the town home like John Deere Harvester Works with 1750 employees, Illini Hospital with 800 employees and East Moline Correctional Facility with 267 employees.
Local community services! East Moline has free yard waste removal from October till December for those who don't have a dump sticker and don't want to shell out the cash to purchase one. The East Moline Public Library is one of the leading research institutions in the state and is home to a number of free classes like a computer and ebook course.
Home values are on the rise! Buying a home is an investment and as a result, it is important to purchase a property in an area where the value is expected to increase. Unlike many other towns in the community, Zillow predicts that the median home value in East Moline should rise 2.8% in the next year. Look to buy in an area like Forest Road or Archer Drive.
Great local eateries! Smokey's Country Diner has won numerous awards for having the best BBQ in the county; not only is the BBQ packed full of flavor, it's also tender and delicious. Wash down the melt-in-your-mouth ribs with a delicious homemade ice cream cone from Whitey's Ice Cream which has been named the best in the Quad Cities.
Bustling Main Street! East Moline is home to a vibrant and historic Main Street that features more than 100 stores. With everything from automotive repair facilities like Chilo's Tire Service to retail stores like Chiquis Boutique, residents don't have to leave the comfort of East Moline to find what they need.
Median sales price decreasing! Since summer 2014, the median sales price of homes in East Moline has fallen from 112,500 to 103,500. Snag a deal on a rent to own home in a neighborhood like the City Center or 7th Street.