Rent to own Homes in Blue Island, IL
Nestled against the border of Chicago, Blue Island is one of ten communities in Illinois to be awarded Preserve America status by the White House. It's not just heritage that makes life in the southern suburbs a great place to call home: located just 15 miles from the Loop, Blue Island packs a real punch into its 4.5 square miles, and a robust calendar of community events makes it easy to make friends with 23,000 new neighbors.
Blue Island, IL is a great place for affordable rent-to-own homes! With a median household income of over $51,859 and a median rent of $897, the Blue Island, 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 Blue Island, 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 Blue Island, IL Property Resources
Rent to own Homes in Cities Near Blue Island, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Neighborhoods in Blue Island, IL
Mt. Hope rent to own homesPopular Zip Codes in Blue Island, IL
60406 rent to own homesBuying a Home in Blue Island, IL
Blue Island, IL is seeing rapid growth and Blue Island, IL's' housing market remains optimal with an average home price that is -42% below the 2024 national average. Blue Island, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Blue Island, IL
Median Rent in Blue Island, IL
Top 6 Reasons to Live in Blue Island, IL
Discover local history! Once the most influential settlement south of the Windy City, Blue Island boasts a wealth of historic homes. Check out the Woolworth Building and the Russell Heacock Farmhouse, then top up your local knowledge by taking a look at the memorabilia displayed in Albee House.
Stay active! Take advantage of the 189 annual sunny days to practice your swing at the Meadows Golf Club or wander along the city's portion of the Calumet-Sag Trail. Memorial Park is a year round attraction: refresh in the outdoor pool during the summer months and try out the sledding hill in winter.
Whet your appetite! Indulge your inner foodie at the city's dining hot spots. Tuck into New Orleans-inspired soul food at the Maple Tree Inn or grab a slice of deep dish pizza at Giuseppe's. Just want to quench your thirst? Down a cold one at the Raven's Place sports bar or soak up the ambiance at Gayla's Irish Pub.
Get involved! Play a role in your local community. Support local traders at the weekly farmer's market at Hart Park or try growing your own produce at the California Gardens Community Garden. More into sports? Cheer on the local hockey team at the Oak Lawn Ice Arena.
Enjoy city living without the price tag! Life in Blue Island places you within easy reach of Chicago's attractions, but you won't need to hand over your entire paycheck to enjoy them. The typical house price in Blue Island is around $160,000, although you'll pay less in the Silk Stocking District and a little more in the Fay's Point neighborhood.
Affordable deals on rental homes! The average rent in Blue Island stands at around $1,100, although rental homes at Blue Station Apartments are as little as $575. Need a little more space? Up your budget to $1,800, and you could pick up the keys to a smart three bedroom house on Meadow Lane. It's also worth considering rent to own options.