Rent to own Homes in Oak Lawn, IL
It's a sought after place to live! Oak Lawn, IL is a popular place to call home. People there find wonderful purchasable homes, rent to own houses, or rental homes. The vacancy rate there is only about 4%! If you want to live near water in Oak Lawn, check out homes near Wolfe State Wildlife Refuge or by the the lake between East Shore and West Shore Drives.
Oak Lawn, IL is a great place for affordable rent-to-own homes! With a median household income of over $69,352 and a median rent of $1,115, the Oak Lawn, 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 Oak Lawn, 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 Oak Lawn, IL Property Resources
Rent to own Homes in Cities Near Oak Lawn, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Neighborhoods in Oak Lawn, IL
No neighborhoods foundBuying a Home in Oak Lawn, IL
Oak Lawn, IL is seeing rapid growth and Oak Lawn, IL's' housing market remains optimal with an average home price that is -3% below the 2024 national average. Oak Lawn, 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 Oak Lawn, IL
Median Rent in Oak Lawn, IL
Top 14 Reasons to Live in Oak Lawn
Eaters paradise. If you love to eat, you'll love Oak Lawn. The town is home to fantastic restaurants like Palermo's 95th and old school Italian Papa Joe's/
Nightlife is awesome! In Oak Lawn, you can have fun after the sun goes down. The city has some great bars, like Tailgator's Sports Bar and Deja Brew Bar & Grill.
You can rent! If you're hoping to rent a home, Oak Lawn is a great place to do it! About 21% of properties here are rented. Ever wanted to rent near a park? You can in Oak Lawn: near Harnew Park or Brandt Park. Consider finding rent to own homes as well.
Tennis anyone? If you love playing tennis, you'll find yourself right at home in Oak Lawn. The town is home to Oak Lawn Racquet a fitness center and tennis facility. Palmer Park also has tennis courts.
You can own! Oak Lawn is a place where many people own their homes. In fact, about 75% of homes are owned! Consider getting a home near the southern part of town. You'll be close to Stoney Creek Golf Complex and the beautiful Holy Sepulchre Cemetery.
Fun abounds! Like to go out and have wholesome fun? There's plenty to be had in Oak Lawn. Check out Arena Lanes for great bowling and Odyssey Fun World for Laser Tag.
Make friends. Move to Oak Lawn, and you'll most likely make friends with your neighbors! People come here and don't leave; the annual residential turnover is only about 11%. Spend time with other residents at community gathering spots like the Oak View Center or the Oak Lawn Park District Community Pavilion.
Lots of arts! Catch a flick at the Chicago Ridge 6 if you love movies, or check out a new play at the Oak Law Community Theatre.
Affordable living! If you want to rent without putting too much stress on your wallet, you can do it in Oak Lawn. Expect to pay an average of $815 per month for a one bedroom. Want to shop near where you rent or rent to own? Enjoy the Marketplace of Oak Lawn, which is also near the beautiful Anderson Park.
Museums galore! Do you like to visit museums? You can do it whenever you want in Oak Law. Check out the Children's Museum in Oak Lawn or the Balzekas Museum of Lithuanian Culture.
Literary lovers. Do you like to read? There are lots of places to do it in Oak Lawn. Paperback Trading Co. is a great used bookstore, and Chimer'as Comics is a great place to check out books of the illustrated sort. If you like borrowing books, a great place to do it is the Oak Lawn Public Library.
Sports lovers will feel at home. Love to play sports? You can catch a game of ball at Standard Bank Stadium, or you can watch the Westside Warriors play and win. Into horse racing? You can find great races and polo matches at Oak Lawn Jockey Club.
Great place for pets! Are you an animal lover? You can definitely bring your dog along when you move to Oak Lawn. Bailey's Crossing is an excellent dog park in town, and you can find excellent veterinary care at Oak Lawn Animal Hospital. Cats are welcome, too, of course!