Rent to own Homes in Lemont, IL
Located 27 miles southwest of Chicago, Lemont is a suburban community with a rich history. This village of 16,000 has been an important community as a railroad stop along the Illinois and Michigan Canal, which connected the Great Lakes with the Mississippi River. Lemont was also known for its limestone quarries, and its unique architecture and layout has made the village a popular filming location for movies, television shows and music videos.
Lemont, IL is a great place for affordable rent-to-own homes! With a median household income of over $114,509 and a median rent of $1,223, the Lemont, 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 Lemont, 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 Lemont, IL Property Resources
Rent to own Homes in Cities Near Lemont, 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
Popular Zip Codes in Lemont, IL
60439 rent to own homesBuying a Home in Lemont, IL
Lemont, IL is seeing rapid growth and Lemont, IL's' housing market remains not optimal with an average home price that is 72% above the 2024 national average. Lemont, 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 Lemont, IL
Median Rent in Lemont, IL
Top 5 Reasons to Live in Lemont, Illinois
Tee it up! Lemont is a perfect place for passionate golfers as it hosts one of the best golf courses in the United States, Cog Hill Golf & Country Club. Cog Hill has four different courses and has been a regular stop for the professional tours, hosting the Western Open from 1991-2006 and the BMW Championship from 2007-2011. Golfers who might be intimidated by Cog Hill can also enjoy the Gleneagles Country Club and the Ruffled Feathers Golf Course.
Newer housing stock! Lemont has seen quite a bit of home construction in the past 15-20 years, providing the community with new and young homes that are available to buy outright or rent to own. Areas that have seen considerable housing construction include the Village Center neighborhood just south of the Des Plaines River and the southeast part of the village just west of the Tampier Slough Woods.
An architectural marvel! While there are a lot of new houses, Lemont is well-known for its older architecture, especially its churches. The Lemont Area Historical Society is based in the old Methodist Episcopal Church on Lemont Street, while the Hindu Temple of Chicago and the SS. Cyril and Methodius Polish Cathedral church have picturesque hillside locations and layouts.
Great for working near and far! Many Lemont citizens commute to Chicago because of the town's proximity to interstate highways as well as its Metra train station in the Heritage Corridor. The city is also the home of the Argonne National Laboratory, a 1,700-acre facility north of the Des Plaines River dedicated to life sciences, engineering, and renewable energy.
Appreciating home values! The extension of Interstate 355 has made Lemont a popular destination, as shown in its recent population boom - 16.22 percent since 2000. Coinciding with this growth, home values have appreciated 7.2 percent just in the past year. Whether you are looking for a house for sale downtown by State Street or something west of downtown near the Interstate and West 127th Street, now is a great time to buy property!