Rent to own Homes in Beach Park, IL
Located along beautiful Lake Michigan, Beach Park is a small village in Lake County, Illinois with a population of 13,638. Beach Park is home to a section of the Illinois Beach State Park. Because of this, residents have access to one of the few sandy regions in the state. This has led to an increase in local tourism, as boaters on the Lake visit Beach Park for lunch and shopping.
Beach Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $71,250 and a median rent of $1,179, the Beach Park, 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 Beach Park, 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 Beach Park, IL Property Resources
Rent to own Homes in Cities Near Beach Park, IL
- Antioch
- Bannockburn
- Bristol
- Caledonia
- Camp Lake
- Channel Lake
- Eagle Lake
- Elmwood Park
- Fox Lake Hills
- Franklin
- Gages Lake
- Grandwood Park
- Grayslake
- Green Oaks
- Hainesville
- Highland Park
- Highwood
- Indian Creek
- Kenosha
- Knollwood
- Lake Catherine
- Lake Shangrila
- Lake Villa
- Libertyville
- Lincolnshire
- Lindenhurst
- Long Lake
- Mettawa
- Mount Pleasant
- Mundelein
- North Bay
- Oak Creek
- Old Mill Creek
- Paddock Lake
- Park City
- Pleasant Prairie
- Racine
- Raymond
- Round Lake
- Salem Lakes
- Silver Lake
- Somers
- South Milwaukee
- Sturtevant
- Trevor
- Union Grove
- Venetian Village
- Wind Point
- Winthrop Harbor
- Zion
Neighborhoods in Beach Park, IL
Sheridan Shore Highlands rent to own homes Lakeview Park rent to own homes Sheridan Road Park rent to own homes Beach Park Country Estates rent to own homes Sheridan Beach rent to own homes Heatherstone rent to own homes Ravine Vista rent to own homes Beachview Estates rent to own homes Beach View Highlands rent to own homesPopular Zip Codes in Beach Park, IL
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Beach Park, IL is seeing rapid growth and Beach Park, IL's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Beach Park, IL 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 2.19% which is above the national average, which is 0.99%.
Median Home Price in Beach Park, IL
Median Rent in Beach Park, IL
Top 6 Reasons to Live in Beach Park, IL
Great Waterfront Living! Nestled along Lake Michigan, Beach Park is home to a section of the Illinois Beach State Park. Here, you'll find the North Point Marina that is the largest freshwater Marina in the United States. In addition, the Illinois Beach Resort and Conference Center makes it home along the Beach Park section of the land.
Delicious Local Restaurants! Because breakfast is the most important meal of the day, you'll want to start the morning at Emily's Pancake House where every meal is made fresh from scratch. For classic American fare at affordable prices, head to the Hickory House Restaurant for their signature entrees like cedar plank salmon with cheddar mashed potatoes.
Great Incentives for New Businesses! In an effort to encourage new businesses to move to Beach Park, the city is offering tax breaks and just finished the construction of a brand new Beach Park Industrial Park. In addition, Beach Park is located in the fastest growing county in the state and is home to the Waukegan Regional Airport that can be used exclusively by business travelers.
Exciting Annual Events! Held annually in August, the Beach Park Fest occurs over an entire weekend and features a throwback movie in the park, music from local artists, delicious food from local vendors and much more. Join the city on the first weekend of December to decorate Beach Park for the holiday season at the Town Hall Tree Lighting Ceremony.
Home Values Shooting for the Moon! After experiencing little to no growth for several years, the median home value in Beach Park is making up for lost time by increasing at a 7.8% rate in 2014 to $134,000. Neighborhoods like the City Center and Dunes Park offers the most desirable properties for sale.
Significantly Less Expensive than Nearby Cities! In Beach Park, $142,500 will buy you a cozy three bedroom single family home; however, you would have to shell out upwards of $500,000 in Lake Bluff or Green Oaks to purchase anything comparable. Check out areas along N Sheridan Rd or W Yorkhouse Rd for the best deals on rent to own homes.