Rent to own Homes in Batavia, IL
The city of Batavia is actually a Chicago suburb, but it does have the distinction of being the oldest city in the county. Batavia was first settled way back in 1833 and became an incorporated city in 1872. It started out with the name Big Woods but was later renamed after the town of Batavia, NY. Today, the city has more than 26,000 residents who get to take advantage of all that Batavia has to offer.
Batavia, IL is a great place for affordable rent-to-own homes! With a median household income of over $97,995 and a median rent of $1,168, the Batavia, 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 Batavia, 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.
More Batavia, IL Property Resources
Rent to own Homes in Cities Near Batavia, IL
- Batavia
- Berkeley
- Boulder Hill
- Burr Ridge
- Carol Stream
- Countryside
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- East Dundee
- Elmhurst
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Hinsdale
- Hodgkins
- Kaneville
- La Grange Park
- Lily Lake
- Lisle
- Lockport
- Lombard
- Manhattan
- Medinah
- Millbrook
- Mokena
- Naperville
- New Lenox
- Northlake
- Oak Brook
- Palos Park
- Plainfield
- Prestbury
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Shorewood
- South Elgin
- Westchester
- Westmont
- Wheaton
- Willow Springs
- Winfield
- Wood Dale
- Woodridge
- Yorkville
Neighborhoods in Batavia, IL
No neighborhoods foundPopular Zip Codes in Batavia, IL
60510 rent to own homesBuying a Home in Batavia, IL
Batavia, IL is seeing rapid growth and Batavia, IL's' housing market remains not optimal with an average home price that is 43% above the 2024 national average. Batavia, IL is part of Kane 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 Kane is 2.09% which is above the national average, which is 0.99%.
Median Home Price in Batavia, IL
Median Rent in Batavia, IL
Top 5 Reasons to Live in Batavia, IL
Lower home prices! Prices on Batavia homes for sale have decreased slightly, which gives you a good chance to get a great deal. Scope out the Mooseheart or Woodland Hills neighborhoods to look for available houses. Rent to own homes are another option to consider if you don't want to buy right away.
High appreciation rates! Appreciation rates for homes in Batavia are twice as high as the national average. That makes buying a house in Batavia a great investment. Concentrate your search on the Main Street and Deerpath Road neighborhood or the Butterfield Road and Wagner Road neighborhood, since these are the areas with the highest appreciation rates.
Fun in the fresh air! Batavia provides a few spots where you can enjoy being outside for some fun and relaxation. Red Oak Nature Center, located right next to Fox River, gives you a 40-acre forest to explore with hiking trails and an observation deck. The nature center includes a wildlife room and classrooms for learning more about local species, and you can also check out Devil's Cave. At the Dick Young Forest Preserve, you can see pelicans, mink and other wildlife, or ride around on horseback and go bike riding on the preserve's trails.
Great dining options! You don't have to venture into the heart of the Windy City to enjoy great food. Stay in Batavia and have a handmade pizza or a big plate of pasta at Aliano's Ristorante. Take in the scenic views of Fox River and order a hearty steak or some seafood at The RendezVu Restaurant.
History and the arts! Learn all about Batavia's fascinating railroad history at the Depot Museum, where you can view artifacts and photos and even try out a telegraph to send Morse Code. Batavia's Albright Theatre Company puts on exciting productions throughout the year, so you can watch the area's talented actors do their thing.