Rent to own Homes in Vernon Hills, IL
Vernon Hills, IL sits just north of Chicago and is a suburb of the Windy City. The city started out as a farm back in 1851 but has grown to become home to more than 25,000 people. With summer highs in the 80s and winter lows in the 20s and 30s, Vernon Hills gives you a healthy dose of all four seasons. It also has plenty of indoor and outdoor amenities and attractions, so you'll never be without something to do at any time of the year.
Vernon Hills, IL is a great place for affordable rent-to-own homes! With a median household income of over $100,725 and a median rent of $1,672, the Vernon Hills, 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 Vernon Hills, 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 Vernon Hills, IL Property Resources
Rent to own Homes in Cities Near Vernon Hills, IL
- Antioch
- Bannockburn
- Bristol
- Bull Valley
- Camp Lake
- Carpentersville
- East Dundee
- Elmhurst
- Fox Lake
- Gages Lake
- Genoa City
- Glendale Heights
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake in the Hills
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Long Lake
- McCullom Lake
- Mundelein
- Old Mill Creek
- Paddock Lake
- Palatine
- Park City
- Pistakee Highlands
- Port Barrington
- Richmond
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Solon Mills
- Volo
- Wauconda
- Wilmot
- Winthrop Harbor
Neighborhoods in Vernon Hills, IL
Gregg's Landing rent to own homesPopular Zip Codes in Vernon Hills, IL
60061 rent to own homesBuying a Home in Vernon Hills, IL
Vernon Hills, IL is seeing rapid growth and Vernon Hills, IL's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Vernon Hills, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Vernon Hills, IL
Median Rent in Vernon Hills, IL
Top 5 Reasons to Live in Vernon Hills
Lower housing prices! The sales prices for homes in Vernon Hills have gone down, making this an ideal time to buy one. Look for a good deal on a home in the N. Easton Ave. and W. Half Day Rd. neighborhood. Or if you want to live here for a bit before purchasing a home, search for rent to own homes in the Commonwealth Ct. and Hawthorn Pkwy neighborhood.
More homes for sale! The number of homes on the market is on the rise in Vernon Hills, so you should have an easy time finding your new home. For homes with appreciation rates and more value for your money, look in the S. Milwaukee Ave. and Greggs Pkwy neighborhood or the Milwaukee Ave. and Corporate Woods Pkwy neighborhood.
Community events! Vernon Hills offers a number of fun events and celebrations to attend. Visit the European-style French Market at the Metra Parking Lot on Saturdays from June to September to stock up on fresh produce, baked goods and gourmet foods. From late November through early January, you can enjoy seeing beautiful holiday lighting displays at the Drive Thru Holiday Light Show on the Cuneo Mansion and Gardens grounds.
Indoor entertainment! During Vernon Hills' hot summers or cold winters, you can stay inside and have fun. Head to Brunswick Zone Hawthorn for a friendly game of bowling or billiards. At the Glacier Ice Arena, you can lace up your skates and test your skills on the ice. The arena also offers lessons if you need to brush up on ice skating or are trying it out for the first time.
Plenty of dining choices! When you want to dine out, Vernon Hills has several options. Nirvana Wine and Grillerie offers a menu filled with dishes inspired by different parts of the world, as well as an impressive wine list. At Green Basil, you can order some sesame honey beef, stir fried chicken curry or roasted duck and enjoy prompt and friendly service.