Rent to own Homes in Lake Zurich, IL
Situated in Lake County, Illinois, Lake Zurich is a village with a population of 19,631. Settled by George Ela and Seth Paine along with New England farmers and German immigrants, Lake Zurich was incorporated as a village in 1896. It was for many years known as a summer resort centered on lake activities, but today it is a residential area that covers an area of 7.18 square miles.
Lake Zurich, IL is a great place for affordable rent-to-own homes! With a median household income of over $113,467 and a median rent of $1,618, the Lake Zurich, 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 Lake Zurich, 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 Lake Zurich, IL Property Resources
Rent to own Homes in Cities Near Lake Zurich, IL
- Antioch
- Bannockburn
- Bristol
- Bull Valley
- Camp Lake
- Carpentersville
- East Dundee
- Elmhurst
- Fox Lake
- Gages Lake
- Genoa City
- Glendale Heights
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake in the Hills
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Long Lake
- McCullom Lake
- Mundelein
- Old Mill Creek
- Paddock Lake
- Palatine
- Park City
- Pistakee Highlands
- Port Barrington
- Richmond
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Solon Mills
- Volo
- Wauconda
- Wilmot
- Winthrop Harbor
Neighborhoods in Lake Zurich, IL
East Side Lake Zurich rent to own homes North Central Lake Zurich rent to own homes Southeast Lake Zurich rent to own homes West Side Lake Zurich rent to own homes Main Street rent to own homesPopular Zip Codes in Lake Zurich, IL
No zip codes foundBuying a Home in Lake Zurich, IL
Lake Zurich, IL is seeing rapid growth and Lake Zurich, IL's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Lake Zurich, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Lake Zurich, IL
Median Rent in Lake Zurich, IL
Top 5 Reasons to Live in Lake Zurich, IL
High property values! In 2012, the median household income was $102,733 while the state average was $55,137. Median house or condo value was $297,437 in 2012, while for the state, the median property value was $170,600. Residences near Lake Zurich Golf Club, Kemper Lakes Golf Club, Makray Memorial Golf Club and Red Pond Lake are popular with those who like golfing or water sports. The residential area on Miller Road has some grand 4- and 5-bedroom waterfront estates for sale.
Great shopping! There are so many shopping centers, you're sure to find everything you need. Visit Lakeview Plaza Shopping Center, Courtyard Center, Deerpath Court Shopping Center, Lake Zurich Square or Northlake Commons Shopping Center to find that perfect gift.
Lots of fun things to do! Cozzi's Adventure Golf and Games is an amusement park provides hours of fun for local residents. The Lake Zurich Courier keeps a village calendar listing everything from hand bell choir presentations to Open Mic at the Irish Mill Inn, and meetings of the Rotary Club of Lake Zurich at the Holiday Inn Express.
Enjoy city parks! From Oak Ridge Marsh Nature Park to Breezewald Park, Knox Park, Braemar Park, Countryside West Park and Soccer Park to Kuechmann Park and Manor Park, there is always a place to go to enjoy the great outdoors.
Abundant housing! Lake Zurich is 5.8 miles from Palatine and just 32.1 miles from Chicago. This proximity means that big-city amenities are close, but without the noise, congestion and crowding that comes with the major urban areas. Residential subdivisions with single-family homes in Lake Zurich include Braemar, Cambridge Creekside, Countryside and Bristol Trails. Bayshore Village, Mohawk Trail, Willow Ponds, Wicklow Village and Lakebreeze Villas are townhome communities. Everything from rent to own cottages to traditional sales of upscale apartments or mansions can be found in the village.