Rent to own Homes in Mundelein, IL
There are many reasons to love Mundelein, IL. The open spaces and outdoor activities draw many people out of Chicago and into this suburb. However, this quiet village is still close enough to the big city that you can partake of those entertainment options, museums, and nightlife venues with a drive that will take less than an hour. Better still, if you choose to live in the Ivanhoe neighborhood or the Sylvan Lake and Diamond Lake communities you can almost walk to the golf course.
Mundelein, IL is a great place for affordable rent-to-own homes! With a median household income of over $91,535 and a median rent of $1,396, the Mundelein, 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 Mundelein, 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 Mundelein, IL Property Resources
Rent to own Homes in Cities Near Mundelein, IL
- Antioch
- Bannockburn
- Bristol
- Bull Valley
- Camp Lake
- Carpentersville
- East Dundee
- Elmhurst
- Fox Lake
- Gages Lake
- Genoa City
- Glendale Heights
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake in the Hills
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Long Lake
- McCullom Lake
- Mundelein
- Old Mill Creek
- Paddock Lake
- Palatine
- Park City
- Pistakee Highlands
- Port Barrington
- Richmond
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Solon Mills
- Volo
- Wauconda
- Wilmot
- Winthrop Harbor
Neighborhoods in Mundelein, IL
Cambridge Chase rent to own homes Forest Manor rent to own homes Lakewood Heights rent to own homes Diamond Lake Park rent to own homes Cameron Park rent to own homes North Shore Park rent to own homes Cardinal Terrace rent to own homes Hawthorne Hills rent to own homes Western Slope rent to own homes Mundelein Home Crest rent to own homesPopular Zip Codes in Mundelein, IL
60060 rent to own homesBuying a Home in Mundelein, IL
Mundelein, IL is seeing rapid growth and Mundelein, IL's' housing market remains not optimal with an average home price that is 9% above the 2024 national average. Mundelein, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Mundelein, IL
Median Rent in Mundelein, IL
Top 4 Reasons You Should Move To Mundelein, IL
Country club neighborhoods! In the northwest corner of town, you'll find the Ivanhoe Country Club and one of the most desirable communities in Mundelein. You'll also find the best salon in town, O Salon & Spa, and one of the best Italian restaurants, Lino's Ristorante & Pizzeria. With median home values right around $200,000, you can count on your investment to grow.
Close to Chicago! Within Ivanhoe, you'll find places like Cambridge Country Park and Sandburg Park. However, just a short drive south from here you'll find the city life of Chicago. When you want to take advantage of the many attractions a major city has to offer, Chicago is only a short drive way. Field Museum of Natural History, Adler Planetarium, and Navy Pier can all be reached in under an hour. When you want to relax in nature, it's good to come home to Ivanhoe.
The great outdoors! Nestled around Saint Marys Lake, Loch Lomond, and Diamond Lake, Mundelein offers plenty of outdoor spaces. Far from the hustle and bustle of Chicago, you'll find a quiet and relaxed lifestyle here. This is a great place to go when you want to get out of the city and explore what nature and your own community has to offer.
Lakeside communities! Southwest of the Mundelein town center, you'll find another community built around two lakes and the Countryside Golf Club - with median rents around $1,000. This is the Sylvan Lake and Diamond Lake community areas. Looking around this neighborhood could yield a rent to own house or two. You will also find the other top Italian restaurant in Mundelein, Carmen's Pizza. When you visit, be sure to compare them with Lino's and share your favorite.