Rent to own Homes in Geneva, IL
A true gem of the Windy City region, Geneva is a city of 21,694 that's filled with great things, from historical sties and nature preserves to all kinds of shops and eateries. Located in Kane County, and just 35 miles to the west of Chicago, Geneva has even spent time in the Hollywood spotlight (most recently, The Road to Pedition) and rightfully so. Its location along the Fox River is beautiful.
Geneva, IL is a great place for affordable rent-to-own homes! With a median household income of over $116,083 and a median rent of $1,590, the Geneva, 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 Geneva, 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 Geneva, IL Property Resources
Rent to own Homes in Cities Near Geneva, IL
- Addison
- Barrington
- Barrington Hills
- Batavia
- Bensenville
- Berkeley
- Boulder Hill
- Bull Valley
- Campton Hills
- Carpentersville
- Clarendon Hills
- Deer Park
- Des Plaines
- Downers Grove
- Dundee
- East Dundee
- Elgin
- Elk Grove Village
- Elmhurst
- Fox Lake
- Fox River Grove
- Glendale Heights
- Grayslake
- Hainesville
- Hampshire
- Hawthorn Woods
- Holiday Hills
- Indian Creek
- Kildeer
- Lake Barrington
- Lake in the Hills
- Lakemoor
- Lincolnshire
- McCullom Lake
- Mettawa
- Mundelein
- North Barrington
- Northbrook
- Palatine
- Pingree Grove
- Port Barrington
- Riverwoods
- Round Lake
- St. Charles
- Trout Valley
- Volo
- Wauconda
- West Chicago
- West Dundee
- Woodridge
Neighborhoods in Geneva, IL
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60134 rent to own homesBuying a Home in Geneva, IL
Geneva, IL is seeing rapid growth and Geneva, IL's' housing market remains not optimal with an average home price that is 58% above the 2024 national average. Geneva, IL is part of Kane 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 Kane is 2.09% which is above the national average, which is 0.99%.
Median Home Price in Geneva, IL
Median Rent in Geneva, IL
Top 5 Reasons to Live in Geneva, IL
Explore its remarkable history! The Geneva History Center display's this city's story in wonderful detail, but there are several museums and historical landmarks that also tell its story throughout town. The Fabyan Villa Museum, which Frank Lloyd Wright redesigned, houses all sorts of artifacts, and the Fabyan Windmill, which was built around 1850, is a landmark that still works today. The Campana Factory building stands as a testament to the town's proud industrial roots, though all the architecture throughout town offers a marvelous window into the past, with design styles from Colonial to Mission Revival.
Live in a historic house! Almost 12 percent of homes in Geneva were built prior to 1940 and some of these, such as Elizabeth Place and the Davis Residence, are historic landmarks that showcase classic architecture and undeniable charm. While ownership of those residences is securely squared away, getting a similar property within the iconic Geneva Historic District is always possible.
Enjoy great annual events! From outings at Geneva Golf Club to bike excursions along the Fox River Trail, there is always something going on in town. One of Geneva's most festive events, Swedish Days, occurs each June and features classic entertainment like carnival rides and live music. The Geneva Arts Fair, which occurs each July, brings local art into the spotlight by displaying all kinds of works by local talents. Finally, Festival of the Vine is held in September and welcomes foodies from far and wide to sample local foods and wine.
Enter a hot real estate market! Now is the time in Geneva to buy or rent to own. Housing value has increased 10.1 percent over the past 12 months and market forecasts predict more growth for years to come. You can't go wrong with residences in the Sunset Prairie community or the Fisher Farms subdivision.
Shop all day and dine all night! You don't have to take the train or highway into Chicago for great shopping and dining. The historic district near the Fox River is home to Geneva's Antique Market, which has a wide range of vintage items and rare finds. You'll discover great home decor at Circa and The Mossy Twig stocks everything from fragrances to plants. When you're finished shopping, get a bite to eat at local favorites like Morano's Pizza, Fiora's Restaurant and Egg Harbor Cafe.