Rent to own Homes in Glen Ellyn, IL
Glen Ellyn was first settled in 1834 by settlers who moved west from New York. Then shortly after mineral springs were discovered in its valley, the town started promoting itself as a health resort. By the end of the 19th century, it was considered a suburb of Chicago, which is located 25 miles East of Glen Ellyn. One of its popular attractions, Lake Ellyn, was created at that time by damming a stream.
Glen Ellyn, IL is a great place for affordable rent-to-own homes! With a median household income of over $118,208 and a median rent of $1,109, the Glen Ellyn, 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 Glen Ellyn, 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 Glen Ellyn, IL Property Resources
Rent to own Homes in Cities Near Glen Ellyn, IL
- Alsip
- Arlington Heights
- Batavia
- Bedford Park
- Bellwood
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carol Stream
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Fairmont
- Forest Park
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Hanover Park
- Hawthorn Woods
- Hodgkins
- Hometown
- La Grange Park
- Lake Barrington
- Lincolnshire
- Lockport
- Lombard
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Norridge
- Oak Brook
- Oak Forest
- Palatine
- Palos Heights
- Plainfield
- Ridgewood
- Rockdale
- Rosemont
- Schaumburg
- Schiller Park
- South Elgin
- Westchester
- Willow Springs
- Wilmette
Popular Zip Codes in Glen Ellyn, IL
60137 rent to own homesBuying a Home in Glen Ellyn, IL
Glen Ellyn, IL is seeing rapid growth and Glen Ellyn, IL's' housing market remains not optimal with an average home price that is 114% above the 2024 national average. Glen Ellyn, IL is part of DuPage 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 DuPage is 1.71% which is above the national average, which is 0.99%.
Median Home Price in Glen Ellyn, IL
Median Rent in Glen Ellyn, IL
Top 5 Reasons to Live in Glen Ellyn, IL
Great downtown shops and restaurants! Drive to Historic Downtown Glen Ellyn and eat at Vitorio's Ristorante or Thipi Thai. Then stroll town and check out the bargains at the resale children's clothes bargains at Le Petit Armoire.
Beautiful scenery! Located in a valley, the community of Glen Ellyn offers trails, a lake, and beautiful seasonal scenery. Enjoy the changing of the leaves in the autumn and the prospect of a White Christmas. While close to Chicago, the village of Glen Ellyn offers the best of country life. Or if you prefer your outdoors with a putter in your hand, try Village Links, a restaurant bar and golf course. Visit Ackerman Park and take a stroll or just sit and watch the world go by.
Affordable homes! With both historic and modern houses available, Glen Ellyn has an average house sale price of $350,000, and offers affordable housing close to Chicago. While largely owner occupied, rental and rent to own properties are also available. Check out the Arbors of Glen Ellyn for great apartments or tour the older homes of the Historic Downtown area.
Great atmosphere! Glen Ellyn offers a village atmosphere. Over 60 percent of all homes in Glen Ellyn are occupied by married couples. Schools are conveniently located around the village. The Historic Downtown shopping and restaurant area on Pennsylvania Avenue bring family and friends together amid seasonal displays and flowers.
Broad range of listings! Glen Ellyn and nearby Wheaton has an extensive array of homes for sale. While dominated by construction from the 19th through to the 1960's, Glenn Ellyn also offers new construction. For sale by owners listings are easy to find and often offer the best value for money, as well as room for negotiation. Newer homes can be found at Bradwell Estates, while older houses can be found in the Foxcroft Drive area of Glen Ellyn.