Rent to own Homes in Sycamore, IL
Sycamore, IL offers the best of small town charm, with urban inspired amenities. Located 60 miles west of Chicago, Sycamore residents benefit from living in a historic community rich with dining and nightlife options, shopping and specialty stores, museums, outdoor activities and community events. It's tree lined streets and nature paths are a must for nature lovers, and for those who want a taste of city living, Sycamore is still easily accessible to downtown Chicago by car or train.
Sycamore, IL is a great place for affordable rent-to-own homes! With a median household income of over $65,924 and a median rent of $915, the Sycamore, 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 Sycamore, 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 Sycamore, IL Property Resources
Rent to own Homes in Cities Near Sycamore, IL
- Addison
- Barrington
- Barrington Hills
- Batavia
- Bull Valley
- Burlington
- Burtons Bridge
- Campton Hills
- Carpentersville
- Cary
- Deer Park
- DeKalb
- East Dundee
- Elgin
- Elk Grove Village
- Forest Lake
- Fox Lake
- Fox River Grove
- Genoa
- Glendale Heights
- Glen Ellyn
- Hampshire
- Hanover Park
- Hawthorn Woods
- Holiday Hills
- Kaneville
- Kildeer
- Lake Barrington
- Lake in the Hills
- Lakemoor
- Lily Lake
- McCullom Lake
- McHenry
- Mundelein
- Naperville
- North Barrington
- Palatine
- Pingree Grove
- Pistakee Highlands
- Port Barrington
- Prestbury
- Richmond
- Round Lake
- Schaumburg
- South Elgin
- Sycamore
- Volo
- Wauconda
- Wonder Lake
- Woodstock
Neighborhoods in Sycamore, IL
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Sycamore, IL is seeing rapid growth and Sycamore, IL's' housing market remains optimal with an average home price that is -8% below the 2024 national average. Sycamore, IL is part of DeKalb 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 DeKalb is 2.22% which is above the national average, which is 0.99%.
Median Home Price in Sycamore, IL
Median Rent in Sycamore, IL
Top 5 Reasons to Move to Sycamore, IL
Historic downtown: Sycamore's historic downtown is a major contributor to its small town charm. Spend a day at the Midwest Museum of Natural History or the Sycamore History Museum. Stop in a local specialty shop like Made Just For You Gifts, Inc. End the evening at a local establishment like Nat's on Maple or Prairie on State Wine Cellars.
Outdoor amenities: Sycamore residents can take a break from exploring its bustling downtown to enjoy the rural landscape. Sycamore is home to Adee's Woods, where residents can enjoy a nature walk and a picnic. For the more adventurous, residents can bike and snowmobile through Great Western Nature Trail. The Kishwaukee River spans 63 miles through Sycamore and during the warmer months, the river quickly becomes packed with canoes. From June through September, residents enjoy the local farmer's market where they can enjoy locally sourced produce, flowers, cheeses, breads and more.
Need for speed: While located in Maple Park, The Sycamore Speedway is just four miles from Sycamore. The race track attracts visitors from across the Midwest to spend a day watching the car races on its clay track. For those more interested in aquatic speed, the local YMCA offers an eight lane racing pool. Or try out MVP's Sports Club for some downtime after all that speed.
Below average home prices: The median home value in Sycamore is $160,100. The U.S. national average is $177,500, which is $17,000 more than the median Sycamore home. Predictions point to a 2.5% increase in home values over the next year or so. Now could be a good time to buy, whether it is a FSBO (for sale by owner) or REO (bank owned) listing. Some areas to check out could be in the centrally located City Center or the larger area of Charter Grove.
Rent to own benefits: Sycamore's rent to own estate inventory could appeal to the buyer who is looking to save or explore the area before putting down roots, especially if those are pumpkin roots. Every October, the city hosts an annual Pumpkin Festival and Parade that has been around almost as long as their annual Steam Show and Threshing Bee. With Sycamore's small town charm, outdoor amenities and scenic views, who could say no to property in Sycamore!