Rent to own Homes in Hickory Hills, IL
Just 15 miles from Chicago lies the city of Hickory Hills. Once called North Palos, this area was rich in natural resources and provided a home for native Americans. Named for its indigenous hickory trees, the area is home to over 15,000 residents who enjoy their proximity to Chicago as well as living in a community that prides itself on maintaining green spaces and parks for community enjoyment.
Hickory Hills, IL is a great place for affordable rent-to-own homes! With a median household income of over $66,272 and a median rent of $997, the Hickory Hills, 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 Hickory Hills, 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.
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Rent to own Homes in Cities Near Hickory Hills, IL
- Alsip
- Batavia
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Burr Ridge
- Calumet Park
- Chicago Heights
- Countryside
- Crest Hill
- Crestwood
- Crystal Lawns
- Downers Grove
- Elmhurst
- Fairmont
- Flossmoor
- Forest Park
- Frankfort
- Frankfort Square
- Glendale Heights
- Glen Ellyn
- Glenview
- Hanover Park
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lockport
- Lombard
- Manhattan
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Phoenix
- Plainfield
- Rosemont
- Tinley Park
- Woodridge
- Worth
Neighborhoods in Hickory Hills, IL
Hickory Hills rent to own homesPopular Zip Codes in Hickory Hills, IL
60457 rent to own homesBuying a Home in Hickory Hills, IL
Hickory Hills, IL is seeing rapid growth and Hickory Hills, IL's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Hickory Hills, 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 Hickory Hills, IL
Median Rent in Hickory Hills, IL
Top 5 Reasons to Live in Hickory Hills, Illinois
Proximity to Chicago! Just half an hour from Hickory Hills, Chicago offers world-class amenities and cuisine that are second to none. Take in the views from the Skydeck of the 103 story Willis Tower, and be sure to stop at Lou Malnati's eatery for the town's favorite deep-dish pizza.
Enjoy a day in the park! With a total of seven parks to choose from, Hickory Hills has outdoor recreation covered. Kasey Park has year-round activities for young and old, with a splash pad for hot months and a sledding hill for snowy days. If that's not your cup of tea, the Kruger Park Recreation Center offers a fitness center and classes for resident health and well-being.
Take the train! One of the benefits of living in the greater Chicago area is the excellent public transportation. It's possible to live here even without an automobile. If you're taking the train into the city, the Metra Rail will pick you up at the Palos Heights Station, just near the Water's Edge Golf Club.
Rising home values! Home values in Hickory Hills have appreciated over seven percent in the last 12 months. When you're ready to invest in a rental property, take a look around the City Center, where you'll find the Pit Rib House and Alex's Marathon. The median home price here is over $250,000, which is about average for a town so close to the Windy City.
High rates of owner occupancy! A higher than average rate of home ownership here means that the Hickory Hills community is in demand, and that the resident population is stable. Vacancies here are low, but your best chances of finding your next rent to own home is by looking in the West 87th Street/South Kean Avenue neighborhood, where you'll also find Kruger Park and a convenient Walgreens.