Rent to own Homes in Burbank, IL
Located just minutes from Chicago, Burbank is the dwelling place of nearly 30,000 residents. Today, Burbank is considered one for the most desirable cities in the Chicago area because of its affordable cost of living, stable housing market and a plethora of great local restaurants. Finished in 2008, the Fusion Recplex is open to any resident of Burbank for a low annual fee and allows access to a state-of-the-art gym, excellent exercise classes and rentable conference space.
Burbank, IL is a great place for affordable rent-to-own homes! With a median household income of over $70,052 and a median rent of $1,120, the Burbank, 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 Burbank, 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 Burbank, IL Property Resources
Rent to own Homes in Cities Near Burbank, 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 Burbank, IL
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60459 rent to own homesBuying a Home in Burbank, IL
Burbank, IL is seeing rapid growth and Burbank, IL's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Burbank, 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 Burbank, IL
Median Rent in Burbank, IL
Top 5 Reasons to Live in Burbank, IL
Burbank Park District! The Newcastle Recreation Center and the Fusion Recplex offer outside spaces for hiking, walking and biking, while also serving as the hub of youth and adult sports leagues. Additionally, the Fusion Recplex is open to residents for a nominal fee and includes a fitness center with the latest cardio equipment, exercise rooms for yoga and Pilates, and office space for rent.
Great Local Restaurants! Craving delicious comfort food? Head straight to the city's longest-running restaurant, Chuck's Southern Comforts Cafe, for great slow-cooked BBQ infused with flavors from around the world. Finish off the meal with a delicious slice of homemade blueberry or apple pie from the Bakers Square.
A Shopper's Paradise! Although it is only a few minutes from downtown Chicago, residents of Burbank don't have to leave the city for their shopping needs. Head to the Burbank Town Center for shopping at stores like Kohl's, Best Buy and Dollar Tree, while at Burbank Station on S. Cicero Drive you will find Sports Authority Sporting Goods and many more department stores.
Rent in an Affordable City! Compared to the median rent price of $2,200 in Chicago, Burbank offers an inexpensive alternative at just $1,600. Because moving can be stressful, many newcomers to the area may want to consider rent to own homes, which offer the flexibility of moving after the lease term is up or purchasing the property. Great homes that fit this bill are available in neighborhoods like Bedford Park and S Harlem Ave.
Home Values at Record High! Not since the height of the real estate market in 2006 has the median home value in Burbank been so high. In just the last year, it has risen 11.9% to $161,200. Experts see no end in sight to the rise, with the prediction that home prices will rise another 3% in 2015. Snag an awesome deal on a great property in a neighborhood like State Road or Leclaire Ave.