Rent to own Homes in Hanover Park, IL
Right on the border of DuPage and Cook Counties, Hanover Park combines the best of both urban and rural Midwestern living. Hanover Park is a quiet city with great food, beautiful parks and numerous housing options, but it's easy to get into the city for a night on the town. There's a lot to love about this Illinois gem, which benefits from a Metra rail stop and plenty of restaurants.
Hanover Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $77,367 and a median rent of $1,320, the Hanover Park, 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 Hanover Park, 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 Hanover Park, IL Property Resources
Rent to own Homes in Cities Near Hanover Park, 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 Hanover Park, IL
No neighborhoods foundPopular Zip Codes in Hanover Park, IL
60133 rent to own homesBuying a Home in Hanover Park, IL
Hanover Park, IL is seeing rapid growth and Hanover Park, IL's' housing market remains optimal with an average home price that is -5% below the 2024 national average. Hanover Park, 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 Hanover Park, IL
Median Rent in Hanover Park, IL
Top 5 Reasons to Live in Hanover Park, IL
Small-town charm near the big city! Hanover Park is a small suburb of Chicago, combining the easy-going charm of rural America with easy access to one of the greatest cities in the country. Metra trains run daily between the Hanover Park station on West Lake Street near Hanover Park Community Park and Chicago's Union Station, making it easy to visit the Windy City for a day of work or play.
Go on a culinary adventure! Hanover Park offers a bevy of dining options for those with diverse tastes. Try the buttery vegetable pakora fritters at Mast Masala restaurant, and round out the meal with a delicious mango lassi. Tuck into some chicken with dragon fire sauce -- a spicy dish loaded with Szechuan peppers -- at Twin Dragons Restaurant, or sample the unique spinach and tomato garlic bread at Rosati's pizza. Hanover Park's restaurants do not disappoint!
Affordable housing! Hanover Park has a median housing price that is well below the Cook County average. In Hanover Park, one gets more space for his or her dollar on rent to own homes compared to inner-ring suburbs like Schaumburg. Easy Metra access to downtown Chicago and surrounding areas makes it commuting a breeze. Homes for sale range from two-bedroom properties on Bolton Way to four-bedroom properties near Irving Park Road.
Diverse housing stock! Hanover Park's proximity to rural Illinois means that the area has a diverse combination of older homes and newer construction. If a historic home is preferable, this town has numerous converted farmhouses that are full of character and charm. If a new property is more appealing, fear not! Hanover Park has plenty of newly built condos near attractions like the Hanover Square Shopping Center and ranch-style homes near Ranger Park, perfect for the modern homeowner.
Beautiful open spaces! Illinois is home to wonderful public parks and outdoor spaces. Places like the Mallard Lake County Forest Preserve are rife with plants and wildlife. Hanover Park is also close to the beautiful Morton Arboretum, a sprawling park where visitors can take in the fresh air while learning about nature.