Rent to own Homes in Montgomery, IL
Montgomery is located in Illinois' Kane and Kendall counties. Settlers began to arrive in the area in 1832, and the village of Montgomery was incorporated in 1858. The village has had significant population growth in the last few years. In 2000, the population was a little over 5,000 people, but today it is more than 18,000. The village is close to the larger town of Aurora and is within commuting distance of Chicago.
Montgomery, IL is a great place for affordable rent-to-own homes! With a median household income of over $99,208 and a median rent of $1,454, the Montgomery, 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 Montgomery, 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 Montgomery, IL Property Resources
Rent to own Homes in Cities Near Montgomery, IL
- Aurora
- Bartlett
- Batavia
- Bloomingdale
- Bolingbrook
- Bonnie Brae
- Boulder Hill
- Burlington
- Carol Stream
- Channahon
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- Elburn
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Ingalls Park
- Joliet
- Kaneville
- Lily Lake
- Lisle
- Lockport
- Lombard
- Millbrook
- Minooka
- Naperville
- Newark
- New Lenox
- Oak Brook
- Oswego
- Plainfield
- Plattville
- Prestbury
- Preston Heights
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Sheridan
- Shorewood
- South Elgin
- Westmont
- Wheaton
- Winfield
- Woodridge
- Yorkville
Neighborhoods in Montgomery, IL
No neighborhoods foundPopular Zip Codes in Montgomery, IL
60538 rent to own homesBuying a Home in Montgomery, IL
Montgomery, IL is seeing rapid growth and Montgomery, IL's' housing market remains not optimal with an average home price that is 3% above the 2024 national average. Montgomery, IL is part of Kendall 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 Kendall is 2.16% which is above the national average, which is 0.99%.
Median Home Price in Montgomery, IL
Median Rent in Montgomery, IL
Top 6 Reasons to Live in Montgomery, IL
Fun parks and recreation centers! Enjoy the Philips Park Family Aquatic Center all summer long, which has flume slides and play areas with spray guns and a waterfall. There's also a sand play area, concession stand and volleyball courts. If you're a hiker, the Oswegoland Park District has plenty of trails, including the Fox River Trail and the Grove Road Trail.
Great green initiatives! The community of Montgomery is taking sustainability seriously. In an effort to keep hazardous materials away from local landfills, Montgomery's government offers battery recycling drop off points at the Village Hall and the Police Department on Civic Center Avenue. They also have plans in place for water preservation, clean air and sustainable transportation.
Delicious food for every craving! Whether you're going out for the evening or looking for take-out when you don't feel like cooking, Montgomery has plenty to offer. Popular local eateries include Grandma's Table, which offers breakfast and more. If you love spicy food, try Taco Madre on Base Line Road. For Italian favorites, check out Gario's Pizza Villa.
Healthy local economy! According to 2012 statistics, Montgomery's median household income is well above the state's median. The town's unemployment rate was nine percent in 2013, which is 0.5 percent below the Illinois unemployment rate. Local businesses include 3 Artwork Communications Technologies, Anderson Produce on Montgomery Road and Braeburn Systems.
Plenty of recently built houses! Montgomery has seen a big growth in population in the last 15 years, and thousands of new homes have been built to meet that demand. Local subdivisions include Foxmoor, located on Orchard Road and Season's Ridge located on Douglas.
Variety of housing available! Whether you're looking for a place to rent or to buy, Montgomery has great options. Rent to own homes are also available in a variety of price ranges for both older and new properties. You'll find condos in areas including Rebecca Circle and Waverly Way.