Rent to own Homes in Bourbonnais, IL
Started as a fur-trading outpost in the 19th century, Bourbonnais has become a nice respite for people who want a break from the hustle and bustle of Chicago, but still want close access to the city. Located 57 miles south of the Windy City along Interstate 57, this village of 18,631 is perfect for small-town country living, with its quaint neighborhoods and landscapes, while being close enough to the urban energy of Chicago.
Bourbonnais, IL is a great place for affordable rent-to-own homes! With a median household income of over $76,920 and a median rent of $940, the Bourbonnais, 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 Bourbonnais, 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 Bourbonnais, IL Property Resources
Rent to own Homes in Cities Near Bourbonnais, IL
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- Burnham
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- Chicago Heights
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- 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
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- Midlothian
- Mokena
- New Chicago
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- Phoenix
- Portage
- Roselawn
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- Schneider
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- Steger
- Thayer
- Thornton
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- Worth
Neighborhoods in Bourbonnais, IL
Downtown Bourbonnais rent to own homes Bourbonnais rent to own homesPopular Zip Codes in Bourbonnais, IL
60914 rent to own homesBuying a Home in Bourbonnais, IL
Bourbonnais, IL is seeing rapid growth and Bourbonnais, IL's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Bourbonnais, IL is part of Kankakee 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 Kankakee is 1.91% which is above the national average, which is 0.99%.
Median Home Price in Bourbonnais, IL
Median Rent in Bourbonnais, IL
Top Reasons to Live in Bourbonnais, Illinois
A place for football fans! Bourbonnais has been the training camp home of the NFL's Chicago Bears for the last 12 years, as the Bears practice at Olivet Nazarene University for a month in July and August before moving up to the city. Bradley-Bourbonnais High School takes it from there, providing residents with high school football in the fall.
Young housing stock! With Bourbonnais increasingly serving as a bedroom community for Chicago commuters, there has been quite a bit of new home building in the village, as 1,233 new housing permits have been granted since 1997. Neighborhoods where you can find newer housing stock include the Village Center area in the northern part of the village and the area between U.S. Highway 52 and Interstate 57.
A place for shopping! Bourbonnais provides multiple options for shopaholics. Downtown Bourbonnais is filled with quaint small-town stores, while Northfield Square Mall and the neighboring Water Tower Plaza offer shopping from bigger national department chains and stores along with a large movie theater.
People are moving in! With commuters moving further and further away from Chicago, Bourbonnais has seen its population grow 22 percent since 2000. That means demand for rent to own homes is increasing, with property values set to increase as well. Areas of the village to look to buy in include the Altorf area along the Kankakee River and by Olivet Nazarene University just north of Perry Farm Park.
Indoor and outdoor recreation! There are plenty of things to do in the village. Nature lovers can head to Kankakee River State Park, which is known for its lush forests, great camping, and horse-riding stables. Bourbonnais also is the home of the Strickler Planetarium and the Exploration Station children's museum, providing entertainment for all ages.
Great restaurants for every craving! Lovers of Japanese food should flock to Bourbonnais, as Koi Asian Bistro is known for its tasty sushi while Kansai Japanese Cuisine has a wide variety of favorites. Barbecue lovers are also in luck, as Jimmy Jo's BBQ is also highly regarded.