Rent to own Homes in Morris, IL
Morris is the county seat of Grundy and has a population of 13,636. At one point, Morris was the site of the commercial nuclear reactor; however, today it is home to one of the most thriving and bustling historic downtown centers in the state. Local residents rave about the quality of life in Morris because it offers the charm of small town living with access to local stores and businesses for everything they need.
Morris, IL is a great place for affordable rent-to-own homes! With a median household income of over $61,419 and a median rent of $985, the Morris, 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 Morris, 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 Morris, IL Property Resources
Rent to own Homes in Cities Near Morris, 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 Morris, IL
No neighborhoods foundPopular Zip Codes in Morris, IL
60450 rent to own homesBuying a Home in Morris, IL
Morris, IL is seeing rapid growth and Morris, IL's' housing market remains optimal with an average home price that is -12% below the 2024 national average. Morris, IL is part of Grundy 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 Grundy is 1.9% which is above the national average, which is 0.99%.
Median Home Price in Morris, IL
Median Rent in Morris, IL
Top 5 Reasons to Live in Morris, IL
Home values holding steady! Not only have home values risen in Morris 1.6 percent in the last year to $160,800, but Zillow also predicts that they will remain steady in the foreseeable future. With a stable housing market, new residents can feel confident in purchasing a rent to own home in Morris in a neighborhood like Paytonville or Langham.
Affordable rental prices! Compared to Chicago where the median rent is a costly $1631, Morris is downright cheap at a median rent price of just $840. Many buyers like to rent first, in order to decide what neighborhood they want to live in, and buy second in areas of the city like the City Center and Old Stage Road.
Great shopping in downtown Morris! After many of the buildings along the historic Main Street had fallen into disrepair, Morris revitalized the district by refurbishing the streets and offering incentives to local businesses to open up new locations. Today, downtown Morris features numerous family-owned stores like Brianna Lynn's Boutique and Harrington's Fine Jewelry.
Delicious dining at local restaurants! For those that like to be in the middle of all the action, Honest Abe's Tap and Grill is the favorite of locals. In addition to one of the best cheeseburgers in the state, Honest Abe's offers live nightly music and a great selection of craft beers. End any day with a delicious piece of homemade apple pie topped with a healthy portion of fresh whipped cream at Lesa's Liberty Street Cafe.
Plenty of things to do! Hidden off the beaten path, you might not find the Montage Wine Bar and Tasting Room if you don't know where to look. Once you've visited, you'll want to keep returning to try one of the largest collections of wine from around the world. Grab your bathing suit and head to Kayak Morris for guided tours along the Illinois River, Mazon River and I & M Canal.