Rent to own Homes in Matteson, IL
Located just 30 minutes from the heart of Chicago, Matteson is home to an estimated 20,000 residents. Many of the residents appreciate the quiet charm of the village and the easy access to the entertainment of the Windy City. Matteson offers a state-of-the-art community center where a huge fitness center and numerous exercise classes can be accessed for a nominal fee. The local village council strives to make the city the best possible place to live.
Matteson, IL is a great place for affordable rent-to-own homes! With a median household income of over $84,611 and a median rent of $1,230, the Matteson, 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 Matteson, 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 Matteson, IL Property Resources
Rent to own Homes in Cities Near Matteson, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Popular Zip Codes in Matteson, IL
60443 rent to own homesBuying a Home in Matteson, IL
Matteson, IL is seeing rapid growth and Matteson, IL's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Matteson, 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 Matteson, IL
Median Rent in Matteson, IL
Top 6 Reasons to Live in Matteson, IL
Plenty of local activities! Matteson has a reputation for being one of the friendliest cities in the United States because of its emphasis on community involvement. Each year the village council presents the Good Neighbor Award to a citizen who has done something for the betterment of his neighbors. The council also organizes an annual Breakfast with Santa Festival.
Two community centers! Because just one is never enough, Matteson has two state-of-the-art community centers. The first, on West Oakwood Lane, offers easy access to numerous hiking and walking trails like Memorial and Woodgate Park. The second center features a brand new fitness studio, numerous workout rooms for exercise classes and an Olympic-size swimming pool.
Great local restaurants! Once considered a hidden gem, Hidden Manna Cafe offers delicious cuisine and a casual vibe. Be sure to try the blackened salmon over a rice and carrot medley. From the outside, Mr. Benny's does not look like a place that serves a mean crab cake with a homemade dipping sauce, but once you're inside this will be your new go-to restaurant.
Home values on the rise! The median home value in Matteson has risen more than five percent in the last year to $137,899. With home values expected to continue to rise at a rate of 1.7 percent in 2015, there has never been a better time to find a rent to own property in the city. The most desirable neighborhoods include Crawford Countryside and Ridgeland Avenue.
Median sale price declining! Just six years ago, the median sale price of a home in Matteson was more than $300,000; however, that same home today would cost just $153,800. Given that home values are expected to rise, this is a great opportunity to purchase a residence that will likely increase in value. The communities of Central Avenue and Lincoln Highway offer the most bang for your buck.