Rent to own Homes in Woodstock, IL
Located 50 miles from Chicago, Woodstock has a population of 24.770 residents. In 2007, Woodstock was named one of the Dozen Distinctive Destinations in the United States due to its numerous festivals and a vibrant local music scene. With a growing population and a thriving economy that is home to employers like McHenry County, Brown Printing Company and Centegra Health System, it is easy to see why Woodstock is one of the most popular cities in the state.
Woodstock, IL is a great place for affordable rent-to-own homes! With a median household income of over $69,470 and a median rent of $1,056, the Woodstock, 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 Woodstock, 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.
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Rent to own Homes in Cities Near Woodstock, IL
- Antioch
- Bohners Lake
- Bristol
- Browns Lake
- Bull Valley
- Burlington
- Camp Lake
- Carpentersville
- Como
- Eagle Lake
- East Dundee
- Fontana-on-Geneva Lake
- Fox Lake
- Gages Lake
- Genoa City
- Grayslake
- Green Oaks
- Hainesville
- Harvard
- Hawthorn Woods
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake Geneva
- Lake in the Hills
- Lake Ivanhoe
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Lyons
- McCullom Lake
- Paddock Lake
- Palatine
- Pell Lake
- Pingree Grove
- Port Barrington
- Powers Lake
- Richmond
- Rochester
- Round Lake
- Salem Lakes
- Solon Mills
- Springfield
- Trevor
- Twin Lakes
- Volo
- Wilmot
Neighborhoods in Woodstock, IL
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60098 rent to own homesBuying a Home in Woodstock, IL
Woodstock, IL is seeing rapid growth and Woodstock, IL's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Woodstock, IL is part of McHenry 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 McHenry is 2.09% which is above the national average, which is 0.99%.
Median Home Price in Woodstock, IL
Median Rent in Woodstock, IL
Top 6 Reasons to Live in Woodstock, IL
A mecca of culture! The Blue Lotus Buddhist Temple was founded in 2002 and makes its home in Woodstock. Come during the week for various events on Buddhism or to attend a guided meditation. Known for being the music hub of McHenry County, Woodstock promotes live music through summer concerts and local events.
Local traditions! In Woodstock, nearly every day is cause for a celebration or a festival. One of the more popular festivals is the lighting of the Square held on the day after Thanksgiving; townspeople gather to sing carols, drink hot chocolate, play with Santa and watch the Mayor light all the trees and shops along Main Street. As the site of the movie "Groundhog Day," Woodstock would be remiss if it did not celebrate the occasion. On Groundhog Day, the town offers tours of where the movie was filled and much more.
Rising home values! No one wants to buy a home that is worth less than what they paid so buying in a city like Woodstock, where home values have risen 8.7% in the last year to $165,600, is imperative. Deals can be had in a neighborhood like Rodger Rd or Mchenry Ave.
Nighttime entertainment! Head to the Woodstock Opera House for family-friendly and affordable amateur plays. Finish with a night cap at the Red Iron Tavern where locally brewed beer is offered on tap.
Great food! For delicious food at a great price, head to the Woodstock Public House to try their lemon butter salmon with mashed potatoes. If you're looking for comfort food, try the BBQ King Smokehouse for fall off the bone baby back ribs and fried potato salad.
Price Cuts galore! 47.3% of homes for sale in Woodstock have had a price cut and 52% have sold below the listing. As a result, buyers are able to snag great deals on rent to own homes in neighborhoods such as Ridgefield and Washington St.