Rent to own Homes in Merrillville, IN
Merrillville, Indiana is known as the retail hub of Lake County. At just under an hour from Chicago, it is a bustling, retail-oriented town with some distinctions of big city life, all without the crowds and traffic. If you're looking for a wonderful place to call home without big city lights and noise, you'll find Merrillville -- with its ample entertainment, shopping and dining opportunities -- an excellent choice.
Merrillville, IN is a great place for affordable rent-to-own homes! With a median household income of over $63,381 and a median rent of $1,075, the Merrillville, 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 Merrillville, 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.
More Merrillville, IN Property Resources
Rent to own Homes in Cities Near Merrillville, 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 Merrillville, IN
No neighborhoods foundBuying a Home in Merrillville, IN
Merrillville, IN is seeing rapid growth and Merrillville, IN's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Merrillville, 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 Merrillville, IN
Median Rent in Merrillville, IN
5 Great Reasons to Live in Merrillville, IN
Golf, Golf, Golf! If you love to golf, Turkey Creek Golf Course won't disappoint you. With a newly remodeled pro shop, an excellent turf care program and professional landscaping, you might just experience your best game ever amid some of the most beautiful scenery Lake County has to offer. Innsbrook Country Club also offers an exceptional course, and more!
Inspirational Dance Programs Available! For the more refined tastes, the Indiana Ballet Theatre has brought Merrillville exposure to spectacular dance performances, outreach for underprivileged ballerinas and some of the finest dance education available. They offer a multitude of programs for those little ballerinas wanting to learn dance, and by offering full-length traditional ballet productions they can stay focused on local talent. You might just catch a glimpse of a neighbor or witness the historical ballet stories while enjoying some of the finest entertainment imaginable.
See the Stars and Planets! For those wanting to look into the sky through some amazing visuals, the Merrillville Community Planetarium is the place to visit. As part of the Merrillville Community School Corp., this public theater dedicates itself to enlightening those who enter its doors to the world beyond Earth, through programs about astronomy and space -- on a domed ceiling and special effects that show the universe in a special and unique way. Group and public programs are available to those wanting to escape into another world.
Low Real Estate Prices! The average home price in Merrillville in 2014 was $128,884 -- a price that any newcomer can afford. Lake County offers some extremely popular areas with wonderful schools. For real estate that is more expensive and closer to Lake Michigan, rent to own homes are available, making the down payment more affordable -- and you can move in immediately! The local Realtor, Merrillville Realty, can get you into available homes, and quick!
Low Rental Prices for Apartments and Houses! If you just want to explore the area, consider renting an amazing property because it is affordable. The median rental price, which includes apartments, condos and family homes, can be found for $450 and up. This is the way to explore the homes for sale in the area -- paying low rent while searching for the perfect home. Check in with the local property management company, Equity Property Management, for their listing of properties for rent. They can also scope out properties that will be coming up for rent.