Rent to own Homes in Streator, IL
Streator is an Illinois city that is situated about an hour and a half southwest of Chicago and Lake Michigan. Though technically the area is landlocked, there are enough rivers, creeks, and lakes to please any fan of the water. In fact, Streator is located right off the Vermillion River and is only about a half hour away from LaSalle Lake State Fish and Wildlife Area, as well as the Illinois River.
Streator, IL is a great place for affordable rent-to-own homes! With a median household income of over $40,778 and a median rent of $661, the Streator, 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 Streator, 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 Streator, IL Property Resources
Rent to own Homes in Cities Near Streator, IL
- Ancona
- Blackstone
- Cedar Point
- Cornell
- Dalzell
- Dana
- Dayton
- Earlville
- Grand Ridge
- Harding
- Kangley
- Kinsman
- Ladd
- Lake Holiday
- LaSalle
- La Salle
- Leland
- Leonore
- Long Point
- Lostant
- Marseilles
- Mc Nabb
- Mendota
- Millington
- Naplate
- Newark
- North Utica
- Oglesby
- Ottawa
- Peru
- Ransom
- Rutland
- Seneca
- Serena
- Sheridan
- Spring Valley
- Standard
- Streator
- Tonica
- Triumph
- Troy Grove
- Utica
- Verona
- Wedron
- Wenona
Neighborhoods in Streator, IL
No neighborhoods foundPopular Zip Codes in Streator, IL
61364 rent to own homesBuying a Home in Streator, IL
Streator, IL is seeing rapid growth and Streator, IL's' housing market remains optimal with an average home price that is -67% below the 2024 national average. Streator, IL is part of LaSalle 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 LaSalle is 2.1% which is above the national average, which is 0.99%.
Median Home Price in Streator, IL
Median Rent in Streator, IL
4 Reasons to Move to Streator, IL
Inexpensive homes! The median home price here is about $80,000, which is less than half the average of homes for sale in Illinois. Clearly, you will get a great deal on a home if you choose to buy in Streator. Even if you decide to rent or rent to own, you will be pleased with the rental prices, since the median is a little less than $600. You can start looking for housing near major streets that include East Main Street, South Park Street, East 12th Street, and South Otter Creek Street.
Great city events! You will find that community spirit is alive here when you attend a few of the city's events. If you enjoy the arts, you can head to Arts on the Prairie in September, or perhaps check out the Pipe Dreams festival every February for some great music. Of course, holidays are also celebrated in a big way. Fourth of July alone boasts a carnival, parade, and several contests for residents, while December brings the sparkling Parade of Lights.
Lots of homeowners! The housing prices are so affordable that more than 72% of people choose to buy a home. So if you are considering becoming a homeowner, Streator is the place to be. You can find homes for sale near the water on South Bloomington Street or West Bridge Street. You will also find some great homes around James Street and South Illinois Street.
Fun things to do outside! If you are a fan of the weather in Illinois, you will be glad to have lots of things to do outdoors. You can visit the Vermillion River for boating, fishing, and sightseeing, or you can play some golf at The Eastwood Golf Course. Streator also has plenty of picturesque parks for locals to check out. Marilla Park is beautiful, and Otter Creek runs right through it, while Eagle Creek runs through Spring Lake Park.