Rent to own Homes in Northbrook, IL
Northbrook is a suburban town right on the edge of Chicago. Residents enjoy both the proximity to the city and the strong sense of community in Northbrook. It is also a green town that is dedicated to bicycling, recycling programs and other environmental initiatives, making it perfect for those who want to reduce their carbon footprint while still enjoying the benefits of big city life.
Northbrook, IL is a great place for affordable rent-to-own homes! With a median household income of over $128,883 and a median rent of $1,949, the Northbrook, 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 Northbrook, 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 Northbrook, IL Property Resources
Rent to own Homes in Cities Near Northbrook, IL
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Forest Park
- Gages Lake
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Hodgkins
- Indian Creek
- Knollwood
- La Grange Park
- Lake Barrington
- Lakemoor
- Lake Villa
- Lincolnshire
- Lombard
- Long Lake
- Maywood
- Melrose Park
- Mundelein
- Naperville
- Oak Brook
- Old Mill Creek
- Palatine
- Park City
- Port Barrington
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Volo
- Wauconda
- Westchester
- Willow Springs
Neighborhoods in Northbrook, IL
Downtown Northbrook rent to own homes Northbrook rent to own homes North Shore rent to own homesBuying a Home in Northbrook, IL
Northbrook, IL is seeing rapid growth and Northbrook, IL's' housing market remains not optimal with an average home price that is 159% above the 2024 national average. Northbrook, 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 Northbrook, IL
Median Rent in Northbrook, IL
7 Reasons to Live in Northbrook, IL
Easy access to Chicago! If your heart's in the big city but you'd rather live in a smaller town, you'll love Northbrook. Northbrook is just 30 minutes from Chicago by car, making it simple to get into the city when you need to and then come home when you're ready to unwind. If you prefer not to drive, the Milwaukee District North Line offers trains to and from the city, and you can also take the Pace bus line.
Be part of the movies! Lots of movies are filmed in Northbrook, including some famous ones. In fact, Ferris Bueller's Day Off used the local high school as a set for the school scenes, and several other movies have used the Northbrook Court mall as a set.
It's a green community. Northbrook is dedicated to reducing carbon footprints and keeping the world green for the next generation. There are recycling and reuse programs in place and some green utilities available. There's also a community garden for those who want to grow their own vegetables.
There's lots of room for bicyclists. If you love to bike, you'll love Northbrook. There are bicycle routes all over the village, and you can even get a map showing you the best, safest places to ride your bicycle.
Lots of shopping opportunities. Downtown Northbrook is full of stores and restaurants. Whether you like to buy gifts for others or love dining out, you'll want to visit local shops, boutiques and eateries often. Shopping centers like White Plains or Park Place are located only a short bike or car ride away from residential areas, so you can shop whenever the mood strikes you.
Plenty of apartments for rent. Renters can almost always find a place to live in one of Northbrook's many apartment buildings. Try Village Center or North Northfield if you are looking for apartments. Other areas of the community offer a wider selection of houses.
Rent-to-own homes available. If you dream of becoming a homeowner, come to Northbrook! Many houses are rent to own, which means within a few years' time you can become a homeowner. There are plenty of homes available on County Line Road and Dundee Road.