Rent to own Homes in Bradley, IL
The Village of Bradley is in Kankakee County. Previously called North Kankakee, it was only in 1895 that the town was renamed Bradley to honor one of America's last pioneer men, David Bradley, who brought a factory to town. Factories were a huge part of the village until they all closed their doors in the 1980s, but the area has been revived by the arrival of retail giants.
Bradley, IL is a great place for affordable rent-to-own homes! With a median household income of over $54,824 and a median rent of $1,086, the Bradley, 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 Bradley, 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.
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Rent to own Homes in Cities Near Bradley, IL
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- Phoenix
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Neighborhoods in Bradley, IL
Bradley rent to own homesPopular Zip Codes in Bradley, IL
60915 rent to own homesBuying a Home in Bradley, IL
Bradley, IL is seeing rapid growth and Bradley, IL's' housing market remains optimal with an average home price that is -38% below the 2024 national average. Bradley, 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 Bradley, IL
Median Rent in Bradley, IL
Top 3 Reasons to Live in Bradley, IL
Great value on homes! Those looking for apartments, rent to own houses, or other types of housing can find it in Bradley. Due to all the area has to offer, over 62 percent of houses in the area are actually owned rather than rented.The price of the average home in the city is about 20 percent lower than the national average. So whether you're near Aspen Ridge Golf course or Lills Park, you'll get a great deal. With this kind of savings, you could easily afford to head north on Interstate 57 to visit Chicago on a whim.
Interesting nightlife selections for all! It's not often that nightlife is on the top of anyone's concerns list when looking for a place to stay, but with as much that's going on in Bradley, it would be pointless not to mention it in advance. There are all types of exciting night spots where people can partake in anything from pool games and karaoke to trivia and having a few cocktails with new friends. The Looney Bin has live music on Fridays and comedy shows biweekly. The Spot on Broadway, on the other hand, has live DJs to keep the music spinning and the party going.
Home valuations are increasing! Everyone knows that the national economy took a hard hit, and with it the housing market suffered in many areas. Fortunately, the real estate market in Bradley has already rebounded. The local house values have increased five percent over the past decade, showing great growth even during a recession. For those wanting to take advantage of the valuable property in the area, they should also consider the location. Just know that with retail stores like Walmart and Northfield Square Mall around, your residence will also have a desired location near shopping.