Rent to own Homes in Normal, IL
Wide open spaces: Some rent to own properties and housing options come with acreage or lake views, such as the properties in Franklin Heights or on West Northtown Road.
Normal, IL is a great place for affordable rent-to-own homes! With a median household income of over $58,381 and a median rent of $852, the Normal, 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 Normal, 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 Normal, IL Property Resources
Rent to own Homes in Cities Near Normal, IL
- Armington
- Atlanta
- Beason
- Bloomington
- Carlock
- Clinton
- Congerville
- Cooksville
- Danvers
- Deer Creek
- Dewitt
- Downs
- Ellsworth
- El Paso
- Eureka
- Goodfield
- Gridley
- Heritage Lake
- Heyworth
- Hudson
- Kappa
- Kenney
- Le Roy
- Lexington
- Mackinaw
- McLean
- Mc Lean
- Minier
- Normal
- Panola
- Secor
- Shirley
- Stanford
- Towanda
- Twin Grove
- Wapella
- Waynesville
Neighborhoods in Normal, IL
Downtown Normal rent to own homesBuying a Home in Normal, IL
Normal, IL is seeing rapid growth and Normal, IL's' housing market remains optimal with an average home price that is -22% below the 2024 national average. Normal, IL is part of McLean 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 McLean is 2.03% which is above the national average, which is 0.99%.
Median Home Price in Normal, IL
Median Rent in Normal, IL
Top 11 Reasons to Live in Normal
Live right in the center of activity, without breaking the bank . Pine Crest Apartments and Redbird Apartments offer more urban living in a smaller town setting, close to shops and other entertainment options, at affordable prices (the average rent for a one-bedroom apartment is $620).
Uptown Multi Modal station: Hop on a train, walk around the uptown pedestrian center or take a bus to the Central Illinois Regional Airport (only four miles away!) for a far-flung vacation. The uptown Multi Modal Transportation Center in the heart of Normal has revitalized public transit in the city.
Community gardens: The town of Normal, IL is dedicated to sustainable development, and one of those components is local agriculture. For this reason, there are two community gardens - One Normal Plaza Community Garden and Ironwood Park Community Garden - offering family plots for people with a green thumb.
Median household values to make you smile. The median price of a house in Normal, IL has jumped from $116,000 in 2000 to $160,000 in 2011. Find great values on Bull Street and Hovey Avenue.
Transportation for America "Can-Do Places": The town of Normal has made the list of Can-Do Places compiled by Transportation America. This is in part due to the revamp of the Uptown area by planner Doug Farr, and the roundabout at the Multi Modal Transportation Center.
Investments in transportation and sustainability: The recent investments Normal, IL has made in transportation infrastructure and sustainability have brought national recognition. Mayor Koos was recently asked to speak before the U.S. House Panel on Transportation because of these endeavors, and several important buildings such as City Hall and the Children's Discover Museum have moved near the city's transportation center.
Wide range of home prices: The town of Normal, IL offers a range of home prices, starting at about $60,000 and running up to well over $1 million. There are even rent to own houses available. The Kerrick neighborhood and Fort Jesse Road area are great places to settle down.
Diverse housing options: Whether you're looking for an uptown apartment in the Town Center or a single-family home off of Heron Drive, Normal has a housing option that's right for you. Rent to own homes are a great way to find a place when you don't have the funds for an upfront down payment.
Exciting entertainment: When you're looking for a night out on the town, head to the Garlic Press or to Firehouse Pizza and Pub.
City amenities without city traffic: Unlike nearby Bloomington, traffic congestion is a less prominent feature in Normal, IL. It's a good idea to avoid Highway 9 and Interstate 74 during rush hour, but the rest of the city roads are passable throughout the day.
Downtown charm of a small city: Normal retains its downtown charm with such restaurants as Mary Ann's Diner and a small-town movie theater that has been in business for over 75 years. The Normal Theater offers a chance to catch a movie and take a step back in time.