Rent to own Homes in Schererville, IN
Located within the Chicago metropolitan area and St. John Township, Schererville is a town with a population of 29,243 in the 2010 census. The area was once a crossroads where several Indian trails intersected then in 1865, Nicholas Scherer moved to the area and founded the town. The town is at the crossroads of U.S. Highways 30 and 41 and near the Borman Expressway Interstate 80/94 as well as Interstate 65. For these reasons, the town adopted its slogan as Crossroads of the Nation. Schererville was added to Money Magazine's list in 2007 as one of the 100 Best Places to live in the U.S. The population is 100 percent urban.
Schererville, IN is a great place for affordable rent-to-own homes! With a median household income of over $75,327 and a median rent of $985, the Schererville, 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 Schererville, 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 Schererville, IN Property Resources
Rent to own Homes in Cities Near Schererville, 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 Schererville, IN
No neighborhoods foundPopular Zip Codes in Schererville, IN
46375 rent to own homesBuying a Home in Schererville, IN
Schererville, IN is seeing rapid growth and Schererville, IN's' housing market remains not optimal with an average home price that is 9% above the 2024 national average. Schererville, 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 Schererville, IN
Median Rent in Schererville, IN
Top 5 Reasons to Live in Schererville, IN
Enjoy reasonable housing costs and strategic location! As a part of the Chicago metro area, Schererville puts you strategically close enough to work in the Windy City but still live in a small town atmosphere. The estimated average cost of all housing units was $238,271, making it a more affordable option than big city prices. Also, Chicago is approximately 27.2 miles from Schererville, so it is an easy commute. Autumn Creek, Amber Fields, Fawn Valley, Camden Woods and Woodland Pines are some residential subdivisions where you may find homes for sale. There are houses available both to buy outright and rent to own.
Lots of entertainment and dining venues! Head to the movies and take your pick: AMC Showplace Schererville 12 is located on Eagle Ridge Drive and AMC Showplace Schererville 16 is situated on Deer Creek Drive. After the movies, go for dinner to Teibel's Family Restaurant, Culver's Restaurant, Ciao Bella Ristorante or Pepino's Restaurant.
Take advantage of lower real estate property taxes! In 2012, the median real property taxes were $2,278 for homes with a mortgage and $1,886 for those with no mortgage. While some cities are closer to $6,000, this town provides ample savings in this area. With all the money you save, you might want to take a vacation or buy a new car at Napleton Autowerks Nissan, BMW of Schererville, Alpine Motor Sales, Hillpine Motors - or any of dozens of locations in the nearby area.
Discover the south shore of Lake Michigan, golf courses and 26 local parks! South Shore Indiana Tourism Department is a great place to start discovering all the many things to do in the nearby area, from dockside casinos to Navy Pier in nearby Chicago. Scherwood Golf Course is located on East Joliet Street in Schererville. The town's Parks and Recreation Department manages over 260 acres of land and boasts 26 parks. Among these are Novo Sello Park, Scherwood Park, Trace Park, Smith Park and Grimmer Park.
Enjoy fun events and social activities! JAK's Warehouse is a family fun center located in Schererville. They offer bumper cars, go-karts, urban golf and an arcade. For adults, try Longshots Sports Bar, Social 219, Cavanaugh's Sports Bar and Eatery or Bullpen Bar and Grill.