Rent to own Homes in Oswego, IL
Located in Kendall County, Illinois, Oswego is a village with an estimated population of 32,174, as of 2013. The village made the Top 100 Best Towns list by CNN Money based on economic strength, safety, schools and job opportunities. It is set in one of the fastest growing counties in the U.S. and the population of the village continues to grow. Oswego earned early fame for its historic race track and, although the race track is gone now, the town still celebrates its muscle car heritage in annual festivals.
Oswego, IL is a great place for affordable rent-to-own homes! With a median household income of over $97,330 and a median rent of $1,513, the Oswego, 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 Oswego, 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 Oswego, IL Property Resources
Rent to own Homes in Cities Near Oswego, IL
- Aurora
- Batavia
- Bolingbrook
- Bonnie Brae
- Boulder Hill
- Burr Ridge
- Carol Stream
- Channahon
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- East Dundee
- Elmhurst
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Hinsdale
- Ingalls Park
- Joliet
- Kaneville
- Lily Lake
- Lisle
- Lockport
- Lombard
- Medinah
- Millbrook
- Naperville
- Newark
- New Lenox
- Oak Brook
- Palos Park
- Plainfield
- Prestbury
- Preston Heights
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Shorewood
- South Elgin
- Westmont
- Wheaton
- Willow Springs
- Winfield
- Wood Dale
- Woodridge
- Yorkville
Neighborhoods in Oswego, IL
No neighborhoods foundPopular Zip Codes in Oswego, IL
60543 rent to own homesBuying a Home in Oswego, IL
Oswego, IL is seeing rapid growth and Oswego, IL's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Oswego, IL is part of Kendall 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 Kendall is 2.16% which is above the national average, which is 0.99%.
Median Home Price in Oswego, IL
Median Rent in Oswego, IL
Top 5 Reasons to Live in Oswego, IL
Dive into delicious cuisine! For those who love the home-cooked, down-home, 1950s diner experience, head over to Oswego Family Restaurant, a perennial local favorite. Other restaurants that earn high praise among locals are Portillo's, La Cabana D' Oswego, Emerson Creek Pottery and Tea Room, Firehouse Pizza & Subs and Giordano's.
One of the Top 100 Best Towns and ample housing! Oswego was ranked 58th on CNN Money's Top 100 Best Towns to Live in 2011. The population doubled from 2000 through 2010, and along with all that growth came a boom of new construction, including single-family homes, rent to own houses, condominiums and apartments. The growth of the village translates to greater opportunities to find your ideal castle.
Discover the parks and Townes Crossing Shopping Center! Heritage Park, Northampton Park, Civic Center Park and Jaycee Park are all great places to spend an afternoon. Shop to your heart's content at Towne's Crossing Shopping Center where you'll find everything you need for the household. Practice your golf swing and socialize with friends at the public Fox Bend Golf Course. Visit the Little White School Museum, which houses the Oswego heritage museum.
Oswego's fame means great residential resale value! CNN Money ranks towns based on their job opportunities, schools, safety, economic strength and other lifestyle factors, including availability of good housing. Oswego's ranking in the Top 100 means that the secret is out -- everyone knows how great the village is now, which has sent residential values soaring and the population climbing. According to City-Data, the median dwelling price in 2012 was $274,649. A mansion on Main Street was listed for over $800K in 2014 and a Fox River estate at $1,275,000.00, yet three-bedroom ranches are still available for less than $200K. Southbury is one example of a planned community in Oswego with many modern amenities.
Enjoy festivals, shop, dine or live in historic downtown! The renovated downtown district bustles with activity in its historic buildings, shops and restaurants. This quaint historic district has been redesigned for pedestrian comfort and features brick walkways, benches and the Waubonsee Creek Promenade, which runs from downtown to the new park. There are at least five annual festivals -- including Drag Strip Days, and one parade. The village hosts a country farmers market on Sundays, May through October. From Re-Joyce, the village's largest antique mall, to its many consignment shops, Oswego has something for everyone.