Rent to own Homes in Urbana, IL
Noteworthy museums! Find out more about the world's culture and history at the Spurlock Museum while perusing exhibitions that house antiquated artifacts as well as collections from recent eras. Exhibits include a history on Haitian voudou through sequined artifacts. Outdoors, enjoy an education that shines a light on the plant and wildlife native to the area at the Anita Perves Nature Center, which also houses wounded animals that are up for adoption and need nurturing.
Urbana, IL is a great place for affordable rent-to-own homes! With a median household income of over $35,984 and a median rent of $833, the Urbana, 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 Urbana, 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 Urbana, IL Property Resources
Rent to own Homes in Cities Near Urbana, IL
- Allerton
- Armstrong
- Bondville
- Broadlands
- Camargo
- Champaign
- Dewey
- Elliott
- Fisher
- Fithian
- Foosland
- Gifford
- Homer
- Ivesdale
- Lake of the Woods
- Longview
- Ludlow
- Mahomet
- Mansfield
- Monticello
- Ogden
- Paxton
- Penfield
- Pesotum
- Philo
- Rantoul
- Royal
- Sadorus
- Savoy
- Seymour
- Sidney
- St. Joseph
- Thomasboro
- Tolono
- Tuscola
- Urbana
- Villa Grove
- White Heath
Neighborhoods in Urbana, IL
Stone Creek rent to own homesBuying a Home in Urbana, IL
Urbana, IL is seeing rapid growth and Urbana, IL's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Urbana, IL is part of Champaign 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 Champaign is 2% which is above the national average, which is 0.99%.
Median Home Price in Urbana, IL
Median Rent in Urbana, IL
Urbana, IL
Great outdoors! Busey Woods is a 59 acre jaunt around ponds and forest preserves that allows locals to unwind in a serene setting. The Crystal Lake Park offers a bit more activity with water sports around the lake including paddleboats and volleyball as well as the quintessential walking trails for those seeking a simple stroll.
Serious about the arts! Consistently stellar productions keep popping up at nearby Station Theater, where residents can enjoy a cutting edge show in an intimate setting. Music, theater, and dance collide cross town at Krannert Center for the Performing Arts, with a space a bit more expansive, locals can enjoy the latest for a nominal fee.
Local watering holes! Take a stool at nearby dive that offers friendly service and a unique atmosphere full of regular patron. The Tumble Inn Tavern is a hidden gem known for it's impeccable staff that'll lend an ear and a libation while you watch the game or catch up with friends. At the Brass Rail nostalgia keeps folks coming in as the scent from the outdated interior looms, so does the generosity of the barkeep who ensures the cans of Hamm's and PBR are chilled to perfection and that the darts for the board are in sets of three.
Fine rack of ribs! The town isn't short of BBQ joints and the top spots to indulge in smoke laden meat stuffs are Hickory River Smokehouse and Black Dog Smoke And Ale House who specialize in gut busting, charred, delectable mains and sides.
Affordable rent to own properties! The blocks near North Cunningham and East University Avenue are prime for renters, seeing an average rent per month of $743. The neighborhood near East Florida Avenue and Philo Road may be another option with averages of $601 per month.
Low cost housing! If you're seeking rent to own homes for a fraction of the cost look to the Augerville community where median home values are $54,270. An additional area of interest is North Lincoln and Bradley Avenue, the median value there is $82,185.
Vacancy rates allow for options! One area that sees a high vacancy rate surrounds East Curtis Road and South Race Streets, where the rate is 28.1%, higher than that of 93.1% of the nations neighborhoods. Pick rent to own houses near South Race and Windsor and you'll be situated down the block from Meadowbrook Park.