Rent to own Homes in Evanston, IL
Evanston, Illinois, is an idyllic city on the shore of Lake Michigan. It grew out of its early rail links with Chicago and has continued to prosper because of how easy it is to go to and from the city. Evanston has a rich calendar of cultural and artistic events, which befits a city that has produced many famous actors and actresses, the most notable being two-time Academy Award winner Marlon Brando.
Evanston, IL is a great place for affordable rent-to-own homes! With a median household income of over $82,335 and a median rent of $1,433, the Evanston, 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 Evanston, 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 Evanston, IL Property Resources
Rent to own Homes in Cities Near Evanston, IL
- Addison
- Alsip
- Bannockburn
- Bedford Park
- Bensenville
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burr Ridge
- Calumet Park
- Cicero
- Clarendon Hills
- Countryside
- Des Plaines
- Elmhurst
- Evanston
- Forest Park
- Glenview
- Golf
- Green Oaks
- Highland Park
- Highwood
- Hodgkins
- Hometown
- Indian Creek
- Indian Head Park
- Knollwood
- La Grange Park
- Libertyville
- Lincolnshire
- Lombard
- Maywood
- Melrose Park
- Merrionette Park
- Mundelein
- Niles
- Oak Brook
- Oakbrook Terrace
- Palatine
- Rosemont
- Schaumburg
- Schiller Park
- Westchester
- Western Springs
- Wheeling
- Willow Springs
- Wilmette
- Worth
Neighborhoods in Evanston, IL
No neighborhoods foundPopular Zip Codes in Evanston, IL
60204 rent to own homes 60208 rent to own homes 60202 rent to own homes 60201 rent to own homesBuying a Home in Evanston, IL
Evanston, IL is seeing rapid growth and Evanston, IL's' housing market remains not optimal with an average home price that is 88% above the 2024 national average. Evanston, 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 Evanston, IL
Median Rent in Evanston, IL
Top Reasons to Live in Evanston IL
Housing Statistics Rent to own homes and rented properties account for 44% of Evanston homes, while 48% of properties are owned. The remaining 8% are vacant. Evanston has a 19% annual resident turnover rate. The city has seen growth both in terms of number of sales and the median sales price. There were 296 sales between May and July 2013, with the median sales price being $348,000.
School Systems The city has one public high school, Evanston Township High School, that educates 3,000 students between grades 9 and 12 and is overseen by Evanston Township High School District 202. Primary schools in the area are covered by the Evanston-Skokie Community Consolidated School District 65. There are also several independent schools that aren't associated with the city's public school districts, including Roycemore School, which educates students from pre-kindergarten to grade 12.
Local Events and Festivals From June through August, you can attend free outdoor concerts featuring a diverse range of music - there's everything from indie-rock to jazz - at six different parks around the city. A turn of bad weather can't spoil the fun as indoor replacement sites have been set up just in case. While most people look forward to a turkey on Thanksgiving Day, residents of Evanston look forward to the Flying Turkey 5k - the perfect way to work up an appetite.
Transportation and Commutes Six CTA and four Pace bus routes operate throughout Evanston, while the Chicago L system has a line that runs throughout the city. The comprehensive public transport links both within Evanston and into Chicago mean that a massive 18.4% of Evanston residents travel to work by public transport - that's 16.6% more than the national average - while a further 11.7% of residents walk to work. However, the daily commute is five minutes longer than the national average at just under 34 minutes. While Evanston has a great public transportation system, no major highways run directly through the city.
Arts and culture Evanston has a packed arts and culture calendar, which becomes even busier during October, which is designated as Arts and Humanities month. A dedicated website - http://evanstonartsbuzz.com - keeps residents up to date with all the latest goings on. The Evanston Ethnic Arts Festival is a particular highlight: taking place every July, more than 100 countries are represented by different cuisine, dance, music and craft activities, with Evanston's lakefront providing a spectacular backdrop. Meanwhile 140 artists exhibit their art while accompanied by live blues, folk and jazz music at the Lakeshore Arts Festival in August.