Rent to own Homes in Morton Grove, IL
Incorporated in 1895 and located in Cook County, Illinois, Morton Grove has a population of over 23,000. As a northern suburb of Chicago, the town offers easy access to many of the benefits of the Windy City, while also providing the advantages of small town living. Morton Grove's most notable residents include actor Harrison Ford, guitarist Harvey Mandel and Olympic gymnast Bart Conner. Morton Grove is also the location of the Alpha Delta Phi fraternity headquarters.
Morton Grove, IL is a great place for affordable rent-to-own homes! With a median household income of over $87,063 and a median rent of $2,022, the Morton Grove, 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 Morton Grove, 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 Morton Grove, IL Property Resources
Rent to own Homes in Cities Near Morton Grove, IL
- Addison
- Alsip
- Bannockburn
- Barrington
- Bedford Park
- Bensenville
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burr Ridge
- Cicero
- Clarendon Hills
- Countryside
- Deer Park
- Des Plaines
- Elk Grove Village
- Evanston
- Forest Lake
- Forest View
- Glencoe
- Golf
- Green Oaks
- Harwood Heights
- Hawthorn Woods
- Highland Park
- Highwood
- Indian Creek
- Indian Head Park
- Kildeer
- Knollwood
- Libertyville
- Lincolnshire
- Lincolnwood
- Mettawa
- Morton Grove
- Mundelein
- Niles
- Northbrook
- North Riverside
- Oakbrook Terrace
- Palatine
- Palos Park
- Park City
- Park Ridge
- River Forest
- Riverwoods
- Western Springs
- Wheeling
- Worth
Neighborhoods in Morton Grove, IL
Morton Grove rent to own homesPopular Zip Codes in Morton Grove, IL
60053 rent to own homesBuying a Home in Morton Grove, IL
Morton Grove, IL is seeing rapid growth and Morton Grove, IL's' housing market remains not optimal with an average home price that is 50% above the 2024 national average. Morton Grove, 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 Morton Grove, IL
Median Rent in Morton Grove, IL
Top 6 Reasons to Live in Morton Grove, IL
Many great restaurant options! There are many choices when it comes to fine dining or casual fare. Pequod's Pizza serves pastas, sandwiches, and Chicago style deep dish pizzas. Bar Louie offers American options, such as hamburgers, sandwiches, and appetizers, as well as a large drink selection. For those looking for fresh sushi, Dempster Fish Market serves many options, including Maki and Sashimi.
Explore the great outdoors! Morton Grove has many options for hiking, biking, and relaxing in the outdoors. Algonquin Road Trail offers 10 miles of paved pathway for exploring and exercising. The Busse Woods Trail includes over 11 miles of trails and 3,700 acres of forest and park spaces. There's always something to do outdoors in Morton Grove!
Rising real estate values! With property values increasing, now is a great time to purchase a home in Morton Grove. There are also great neighborhoods to choose from, including Village Center and the Central Avenue area; both of these areas offer many types of properties. Buyers can also choose between purchase options, including conventional mortgages and rent to own agreements.
Improve your golf game! With several nearby golf courses, Morton Grove is a great location for those looking to improve their golf game. Chick Evens Golf Course offers lessons and events with a beautiful scenic background. Billy Caldwell Golf Course features nine holes on 3,000 yards of green space for those looking for a quick game.
Many home style options! Whether you are looking for a charming older home or a new, modern version, Morton Grove has many options. Throughout the community, there are numerous parks, including Caldwell Woods and Gompers Park; both offer beautiful green spaces for exploring and relaxing.
Access to great entertainment! Options for entertainment include the Regal Gardens Stadium, featuring the latest blockbusters and the nearby AMC Showplace Niles 12, which includes a state-of-the-art IMAX screen. For those looking for live performances, the Skokie Theatre offers plays, music, and comedy acts.