Rent to own Homes in Wilmette, IL
Wilmette is one of the suburbs that make up Chicago's North Shore, an area of towns north of the city and close to the shores of Lake Michigan. Located in New Trier Township, Wilmette is just 14 miles north of the city of Chicago. Thanks to its fast commute time and excellent school system, Wilmette is an ideal town for those looking to enjoy the benefits of living the suburbs while staying close to the city.
Wilmette, IL is a great place for affordable rent-to-own homes! With a median household income of over $161,765 and a median rent of $1,498, the Wilmette, 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 Wilmette, 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 Wilmette, IL Property Resources
Rent to own Homes in Cities Near Wilmette, IL
- Addison
- Alsip
- Bannockburn
- Barrington
- Bedford Park
- Bensenville
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burr Ridge
- Cicero
- Clarendon Hills
- Countryside
- Deer Park
- Des Plaines
- Elk Grove Village
- Evanston
- Forest Lake
- Forest View
- Glencoe
- Golf
- Green Oaks
- Harwood Heights
- Hawthorn Woods
- Highland Park
- Highwood
- Indian Creek
- Indian Head Park
- Kildeer
- Knollwood
- Libertyville
- Lincolnshire
- Lincolnwood
- Mettawa
- Morton Grove
- Mundelein
- Niles
- Northbrook
- North Riverside
- Oakbrook Terrace
- Palatine
- Palos Park
- Park City
- Park Ridge
- River Forest
- Riverwoods
- Western Springs
- Wheeling
- Worth
Popular Zip Codes in Wilmette, IL
60091 rent to own homesBuying a Home in Wilmette, IL
Wilmette, IL is seeing rapid growth and Wilmette, IL's' housing market remains not optimal with an average home price that is 215% above the 2024 national average. Wilmette, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Wilmette, IL
Median Rent in Wilmette, IL
Top 5 Reasons to Move to Wilmette, IL
Ideal for city transplants! Buyers who have outgrown their city home and are looking to establish roots in the suburbs but are not ready to buy property, can explore Wilmette's rent to own housing options. Wilmette's rent to own inventory includes homes close to area favorites, like Al's Meat Market, North Shore Meats & Deli and Char House Grill.
Fast access to world class city! Just 14 miles north of the city of Chicago, Wilmette is a quick Metra train ride or drive to the city's cultural, dining and historical institutions. For residents who aren't interested in traveling to Chicago, there are dining options right in town, including The Avenue Wilmette or the Plaza del Lago, which houses local restaurants and retail businesses.
Third coast! During the warmer months, Wilmette is a water lovers' dream. Its Gillson Park, which sits on 59.2 acres, provides access to Lake Michigan and residents and visitors can access Gillson Beach, where they can spend a day at the beach, or go sailing, just minutes from home. Wilmette is also home to the Sheridan Shore Yacht Club, the Wilmette Park District and has a local dog beach.
Playground for outdoor enthusiasts! Wilmette has an abundance of neighborhood parks, bike paths, lighted tennis and softball courts, an ice rink and is home to the Wilmette golf course, From April through November, Wilmette hosts the French Market farmers market. Wilmette boasts access to Lake Michigan and is home to the Sheridan Shore Yacht Club, Wilmette Park Beach House, neighborhood parks, bike paths, the Wilmette Golf Course, and more.
Varied housing costs! Homes for sale for sale in Wilmette vary in price, with a median sale price of $659,000, according to Trulia. For buyers looking to establish roots on Chicago's North Shore, Wilmette could be an attractive option, thanks to the housing stock available include rent to own homes, lease to own homes, for sale by owner (FSBO) homes, REO foreclosure homes or pre-foreclosure homes.