Rent to own Homes in Villa Park, IL
Located just 18 miles west of Chicago, Villa Park is a DuPage County village that offers its residents a nice mesh of suburban and urban lifestyles. Life within the spacious Villa Park is enhanced by close access to the bustling Windy City. With ample parks, a close-knit community, and lots of fun activities, residents can still have a blast on any given day in Villa Park. With a population of 22,100 and growing, it's easy to see why folks are eyeing Villa Park as their next home.
Villa Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $79,314 and a median rent of $1,172, the Villa Park, 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 Villa Park, 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 Villa Park, IL Property Resources
Rent to own Homes in Cities Near Villa Park, IL
- Alsip
- Arlington Heights
- Batavia
- Bedford Park
- Bellwood
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carol Stream
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Fairmont
- Forest Park
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Hanover Park
- Hawthorn Woods
- Hodgkins
- Hometown
- La Grange Park
- Lake Barrington
- Lincolnshire
- Lockport
- Lombard
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Norridge
- Oak Brook
- Oak Forest
- Palatine
- Palos Heights
- Plainfield
- Ridgewood
- Rockdale
- Rosemont
- Schaumburg
- Schiller Park
- South Elgin
- Westchester
- Willow Springs
- Wilmette
Neighborhoods in Villa Park, IL
Villa Park rent to own homesPopular Zip Codes in Villa Park, IL
60181 rent to own homesBuying a Home in Villa Park, IL
Villa Park, IL is seeing rapid growth and Villa Park, IL's' housing market remains not optimal with an average home price that is 16% above the 2024 national average. Villa Park, IL is part of DuPage 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 DuPage is 1.71% which is above the national average, which is 0.99%.
Median Home Price in Villa Park, IL
Median Rent in Villa Park, IL
Top 4 Reasons to Live in Villa Park, IL
Enjoy some local food! Locally owned restaurants are truly a delight in Villa Park. Billy's Pizza Dugout is the spot in town for having a slice of pizza. Hi-View Restaurant serves up everything from tasty steaks to tuna salad in an elegant setting. And Stulgin's Park Boulevard Tavern has an array of daily specials and beverages. Those who want to buy food and cook at home are in luck, too; the Villa Park French Market occurs each Sunday from May to October, and is where residents can buy all sorts of local produce, meats, and other foods.
Enter the market while it's hot! Property value in Villa Park has increased over 10% over the last 12 months. Housing forecasts also indicate positive growth for Villa Park should continue. If you are moving here, you are arriving at an advantageous time, as buying a property is certain to offer significant return on investment. If you aren't ready to buy yet, consider opting for a rent to own contract. There are many areas to search, including the historic Ovaltine Court district (one of the original subdivisions) and the Summit neighborhood.
Greet the great outdoors! Green space lines many pockets of Villa Park, which further enhances the beauty of living here. With Chicago easily accessible via Metra train or Interstate-290, residents get to live near natural areas while still having a major city at their doorstep. So take advantage and play a round of golf at Sugar Creek Golf Course, take a stroll along Salt Creek, and soak up the views at North Terrace Park. The Churchill Prairie Nature Preserve, which is located just west of town, has great hiking trails and lots of cool birds to view as well.
Get a house with a yard! With 71.8% of housing units in Villa Park being stand-alone houses, most residents here get a yard to utilize for whatever they want, from having barbecue parties to swimming in a pool. And you can too! Houses with sizable lawns can be located throughout the village, from near Lufkin Park in the south to around North Park Mall Shopping Center in the north.