Rent to own Homes in Lockport, IL
Get out of the city and reconnect with nature in Lockport! Here, you'll find an abundance of outdoor activities, nature preserves, and parks. However, you're still close enough to Chicago for the occasional trip into the big city. This provides the best of both worlds -- the relaxed countryside yet close enough to the hustle and bustle of a major city. To make the transition even easier, there are both for sale and rent to own properties available throughout Lockport.
Lockport, IL is a great place for affordable rent-to-own homes! With a median household income of over $87,817 and a median rent of $1,305, the Lockport, 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 Lockport, 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 Lockport, IL Property Resources
Rent to own Homes in Cities Near Lockport, 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 Lockport, IL
60441 rent to own homesBuying a Home in Lockport, IL
Lockport, IL is seeing rapid growth and Lockport, IL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Lockport, IL is part of Will 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 Will is 2.05% which is above the national average, which is 0.99%.
Median Home Price in Lockport, IL
Median Rent in Lockport, IL
Top 5 Reasons To Live In Lockport, IL
Real Estate in the Broken Arrow neighborhood! Take a look around Broken Arrow neighborhood in Lockport and you'll fall in love. At the center of this community, you'll find Broken Arrow Golf Club. Just to the west of that, Lambs Woods offers 75 acres where you can reconnect with nature. Trudging through the woods or hiking across a golf course, however you like to spend your time among the trees and forests of Illinois, Lockport has you covered. There are a few rent to own homes hidden among the trees here.
You don't live in Chicago! Lockport is located along one side of the Des Plaines River across from the Lockport Prairie Nature Preserve. Unlike what you find in Chicago, Lockport has ample open spaces and easy access to natural landscapes. At the south end of town, there's Lower Spring Creek County Forest Preserve. Along the north side there's the Long Run Seep Nature Preserve. In the east, there's the Messenger Woods Nature Preserve.
Still close to Chicago! Places like Karen Springs Park and Butler Park are located right in Lockport and you can drive to Chicago when you need something from the city. When you want to get out of the woods and back into the hustle and bustle of a big city, Chicago is only 45 minutes away. Visit the Shedd Aquarium, climb to the top of Willis Tower, or spend the day at Wrigley Field. All of these attractions are close by, but you don't have to live within the crowds.
Real Estate in the Messenger Woods community! One of the top neighborhoods in Lockport is the Messenger Woods community. Here you can find rent to own housing encircling the Messenger Woods Nature Preserve. If you want to work on your game, you can also find the T-Time Golf Range in the northeast part of the Messenger Woods area.
Outdoor spaces! There are so many parks and nature preserves in and around Lockport that they require their own bullet on this list. Hadley Valley Preserve, Messenger Marsh, and Twin Lakes Park are just a few more to help round out this list.