Rent to own Homes in Wood Dale, IL
Wood Dale is a city in Illinois that is part of Addison Township in DuPage County. The city has around 14,000 residents living in around 5,000 homes in the Wood Dale area, giving the city a population density of just under 2,900 people per square mile. Wood Dale is a part of the Sister Cities International program that links US cities to international cities as part of a non-profit organization. The city of Wood Dale has been partnered with the City of Cefalu in Italy in hopes to establish a cultural partnership between the two locations.
Wood Dale, IL is a great place for affordable rent-to-own homes! With a median household income of over $75,521 and a median rent of $1,428, the Wood Dale, 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 Wood Dale, 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 Wood Dale, IL Property Resources
Rent to own Homes in Cities Near Wood Dale, 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 Wood Dale, IL
Wood Dale rent to own homesPopular Zip Codes in Wood Dale, IL
60191 rent to own homesBuying a Home in Wood Dale, IL
Wood Dale, IL is seeing rapid growth and Wood Dale, IL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Wood Dale, 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 Wood Dale, IL
Median Rent in Wood Dale, IL
Top 6 Reasons to Live in Wood Dale
A city full of history! The history of Wood Dale goes back to John Lester, a settler who named the town Lester's Station after himself. It was later changed to Wood Dale, but the city celebrates its early roots.
Employment opportunities! The top three employers in Wood Dale are HSBC Bank, Quest Diagnostics and Videojet. HSBC leads this list having around 1,600 employees from the Wood Dale area.
Close proximity to Chicago! The nearest major city to Wood Dale is Chicago, a hub for business and cultural activity. The proximity of Wood Dale to Chicago allows some residents to commute to the city for work. In fact, there is an Amtrak service that runs from Wood Dale into downtown Chicago.
Meet your neighbors at community events! Wood Dale has some great events that allow residents to become active in the community. One of the biggest is the Prairie Fest, a celebration that began in 2001 as a one-day picnic to bring the community together and celebrate Wood Dale as a whole. Prairie Fest has grown year by year into what is now a four-day festival. The Fest has a number of attractions that bring the residents together including delightful food, a carnival, live music and a spectacular fireworks display.
A strong real estate market! Wood Dale has a growing real estate market that has been helped by its proximity to Chicago. In 2012, the estimated median house value was $229,373. In terms of Illinois as a whole, Wood Dale is on the higher end of the bracket, with the state average for housing sitting around $170,000. Search for houses along Elmwood Avenue or Lafayette Street.
Opportunities for renters! Another great option for housing in Wood Dale is renting and people who may want to purchase a home in the near future can choose rent to own housing. The median gross rent as of 2012 was $1,230.