Rent to own Homes in Norridge, IL
Located in Cook County, Norridge is a thriving village with a population of 14,572. Just a short distance from downtown Chicago, Norridge offers an affordable housing market and a low cost of living, both of which appeal to people who have to commute to the Windy City. In Norridge, you will find one of the largest public libraries in the state, the Eisenhower Public Library District. The town also hosts numerous events throughout the year.
Norridge, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,300 and a median rent of $1,464, the Norridge, 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 Norridge, 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.
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Rent to own Homes in Cities Near Norridge, IL
- Addison
- Bannockburn
- Barrington
- Barrington Hills
- Bensenville
- Brookfield
- Burr Ridge
- Calumet Park
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- 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
- Niles
- North Barrington
- Northbrook
- North Riverside
- Oakbrook Terrace
- Palatine
- Palos Park
- Park Ridge
- River Forest
- Riverwoods
- Streamwood
- West Chicago
- Western Springs
- Wheeling
- Woodridge
- Worth
Neighborhoods in Norridge, IL
Norridge rent to own homesPopular Zip Codes in Norridge, IL
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Norridge, IL is seeing rapid growth and Norridge, IL's' housing market remains not optimal with an average home price that is 42% above the 2024 national average. Norridge, 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 Norridge, IL
Median Rent in Norridge, IL
Top 5 Reasons to Live in Norridge, IL
A Shopper's Paradise: One highlight of Norridge is the Harlem Irving Plaza, which includes more than 100 stores, such as Target, Best Buy and Kohl's, and a food court. Residents also support local businesses along the bustling Downtown Center neighborhood, including the Main Street Pantry and Main St Imported Liquors.
Delicious Cuisine from Local Joints! For Chicago-inspired deep-dish pizza, head to Villa Napoli Pizzeria; their pie has been rated the best in the city. Open 24 hours a day, Elly's Pancake House is the go-to joint when you are craving anything from chocolate chip pancakes to homemade blueberry pancakes.
Great Outdoor Parks and Recreation! Keep yourself in shape at the Pool and Fitness Center on North Overhill Ave. For a small annual fee, which is less than the typical cost of a fitness center, you'll receive access to the latest cardio equipment, strength-training machines, and exercise classes like yoga and Pilates. On sunny days, head to the Norridge Park for great walking trails, picnic areas and multiple playgrounds.
Rising Home Values! T he median home value in Norridge has never been higher, currently at $259,900. After growing a whopping 13.3% in less than a year, sources forecast that this record high number will continue to grow at a 5.1% rate in 2015. Because a property is an investment, it is important to buy in a city where values are on the way up. For the best deals in up-and-coming neighborhoods, look to North Cumberland Ave and W Ainslie.
Homes Cost Less than in Nearby Towns! Currently, the median sale price in Norridge is $253,529. While this may sound like a lot of money, it is nothing compared to neighboring cities like River Forest at $339,412 and Park Ridge at $371,050. Because Norridge is growing in popularity, these prices are not expected to remain low for very long. Act now to bag a great rent to own deal in a neighborhood like W Winona St or W Carmen Ave.