Rent to own Homes in Munster, IN
The town of Munster only covers about 7.5 square miles, but is home to roughly 23,600 people, according to the 2010 census. Although a fully incorporated town in its own right, Munster is just 30 miles away from the Chicago Loop -- Chicago's central business district. This means that residents have the best of both worlds; they get to live in a small community, while still being closer to all the amenities that a big city has to offer.
Munster, IN is a great place for affordable rent-to-own homes! With a median household income of over $88,010 and a median rent of $1,032, the Munster, 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 Munster, 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 Munster, IN Property Resources
Rent to own Homes in Cities Near Munster, IN
- Alsip
- Blue Island
- Burnham
- Calumet City
- Calumet Park
- Cedar Lake
- Chicago Heights
- Country Club Hills
- Crestwood
- Crete
- Demotte
- Dyer
- East Chicago
- Evergreen Park
- Flossmoor
- Ford Heights
- Frankfort
- Frankfort Square
- Goodenow
- Griffith
- Hebron
- Highland
- Hobart
- Hometown
- Homewood
- Lakes of the Four Seasons
- Manteno
- Markham
- Matteson
- Merrionette Park
- Midlothian
- Mokena
- New Chicago
- Oak Forest
- Orland Park
- Palos Heights
- Park Forest
- Peotone
- Phoenix
- Portage
- Roselawn
- Sauk Village
- Schneider
- Shorewood Forest
- South Chicago Heights
- Steger
- Thayer
- Thornton
- Tinley Park
- Worth
Neighborhoods in Munster, IN
Hollywood rent to own homesPopular Zip Codes in Munster, IN
46321 rent to own homesBuying a Home in Munster, IN
Munster, IN is seeing rapid growth and Munster, IN's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Munster, 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 Munster, IN
Median Rent in Munster, IN
Top 6 Reasons to Live in Munster, IN
Plenty of community events! If you want to be part of a community, Munster has lots of town events going on. Simply attending will allow you to interact with your new neighbors, but if you really want to get involved with the community, you could volunteer to help plan. Some of the highlights of the calendar include the Pumpkins, Witches and Hayrides, Oh My!; and Rock Along With Santa.
It's craft beer heaven! Munster houses Three Floyds Brewing, a cult craft beer company. The last Saturday of every April is officially "Dark Lord Day" at the company. This ticketed event is the only place at which you can buy the much coveted "Dark Lord" ale. The Three Floyds brewpub also opened up in 2005. Munster also hosts a Munster Ale Fest, which features over 100 local and national brews.
Real estate prices are increasing! The cost of homes for sale in Munster is increasing, so now's the time to invest in real estate. While some areas are quite pricey, you can still find property bargains in areas such as Azalea and Northcote.
Parks and recreation facilities! The town of Munster has excellent parks and recreation facilities. One of the most notable parks in the town is Centennial Park, which has its own golf course and dog park. The Parks and Recreation department also puts on a number of events, such as the Munster Car Show at Community Park and the Farmers Market at Centennial Park.
Delicious food! You'll find some amazing places to eat out in Munster, no matter what food you like. Munster Gyros is one of the town's most popular eateries, but other notable restaurants include Mishkenut Mediterranean Cuisine and Cafe Borgia.
A range of homes available! There is a variety of property on the market in Munster, whether you want to buy, rent, or rent to own. For instance, in neighborhoods such as Maynard there are mostly newer houses and townhouses, whereas in the City Center neighborhood you'll find more apartments and historic homes.