Rent to own Homes in Crown Point, IN
After having played a prominent role in the Gangster Era when the FBI's Public Enemy #1 escaped from the "escape proof" Lake County Jail, Crown Point has settled into a role as a desirable suburb of Chicago with a population of 27,317. Home to numerous events like the Corn Roast and Taste of Crown Point, the city attracts residents who want to be active in the community.
Crown Point, IN is a great place for affordable rent-to-own homes! With a median household income of over $82,222 and a median rent of $1,119, the Crown Point, IN 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 Crown Point, IN. 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 Crown Point, IN
- Aberdeen
- Beecher
- Blue Island
- Burnham
- Burns Harbor
- Calumet City
- Calumet Park
- Cedar Lake
- Chesterton
- Chicago
- Chicago Heights
- Crete
- Demotte
- De Motte
- Dixmoor
- Dyer
- East Chicago
- Flossmoor
- Ford Heights
- Goodenow
- Griffith
- Hazel Crest
- Hebron
- Highland
- Hobart
- Homewood
- Lakes of the Four Seasons
- Lake Village
- Lowell
- Markham
- Matteson
- Merrillville
- New Chicago
- Park Forest
- Phoenix
- Portage
- Roselawn
- Salt Creek Commons
- Sauk Village
- Schererville
- Schneider
- Shorewood Forest
- South Chicago Heights
- South Haven
- Steger
- Thayer
- Thornton
- Valparaiso
- Whiting
- Winfield
Neighborhoods in Crown Point, IN
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Crown Point, IN is seeing rapid growth and Crown Point, IN's' housing market remains optimal with an average home price that is -5% below the 2024 national average. Crown Point, IN 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 1.37% which is above the national average, which is 0.99%.
Median Home Price in Crown Point, IN
Median Rent in Crown Point, IN
Top 5 Reasons to Live in Crown Point
Terrific Annual Events! Crown Point is home to the second-largest fair in Indiana that is held every august at the Lake County Fairgrounds. Events at the festival include live entertainment, delicious food from local restaurants, an arena for horse shows, monster trucks and a demolition derby. In May, the Foodstock Benefit Concert raises money for local food pantries and features nationally recognized artists live in concert.
Support Local Businesses! The historic Downtown Square neighborhood of Crown Point is home to numerous family-owned businesses that help support the thriving economy of the city. At the beautiful Antique Mall, customers can shop among rows and rows of antiques ranging from furniture to books. Or, head to The Courthouse Shops to visit stores like Candy Cove and the Copper Butterfly.
Sample Delicious Restaurants! Rated as the best restaurant in Crown Point, Beggars Pizza is serving up the best deep dish pie outside of Chicago. With pizza slices that are more than three-inches thick, you'll want to bring your appetite. For a restaurant that has been an institution in the city for more than three decades, head to Schoops Hamburgers for a family-friendly atmosphere that features delicious milkshakes and great burgers in a retro-diner feel.
Can't Beat the Rent! Given that the median rent price in Chicago is $1650, Crown Point is a true bargain at just a median price of $1014. With rent to own homes remaining a viable option, look to a neighborhood like White Hawk Nest and Matthews St for the best deals.
Take Advantage of Price Cuts! Given that 43.4% of homes in Crown Point have had a price cut and more than 20% have sold below listing, it is obvious that buyers can negotiate a sale price below ask. Communities like Maple St and Center Creek Dr offer the most home for the money.