Rent to own Homes in Canton, IL
The scenic city of Canton is found in West Central Illinois within Fulton County, an area largely known for its wildlife and natural landscapes. Canton is filled with sites to explore, from hiking trails along Banner Marsh and Rice Lake to the Emiquon National Wildlife Refuge and its 11,122 acres of wetlands. If you long to rediscover the beauty of natural habitats in a city rich with history, Canton is an ideal place to call home.
Canton, IL is a great place for affordable rent-to-own homes! With a median household income of over $46,362 and a median rent of $578, the Canton, 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 Canton, 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 Canton, IL Property Resources
Rent to own Homes in Cities Near Canton, IL
- Banner
- Bartonville
- Bay View Gardens
- Bellevue
- Brimfield
- Chillicothe
- Creve Coeur
- Deer Creek
- Delavan
- Dunlap
- East Peoria
- Edelstein
- Edwards
- Elmwood
- Eureka
- Farmington
- Forest City
- Germantown Hills
- Glasford
- Goodfield
- Green Valley
- Groveland
- Hanna City
- Heritage Lake
- Hopedale
- Hopewell
- Kingston Mines
- Lake Camelot
- Laura
- Lowpoint
- Manito
- Mapleton
- Metamora
- Morton
- Mossville
- North Pekin
- Norwood
- Pekin
- Peoria
- Peoria Heights
- Princeville
- Rome
- Smithville
- South Pekin
- Speer
- Spring Bay
- Tremont
- Trivoli
- Washington
- West Peoria
Neighborhoods in Canton, IL
No neighborhoods foundPopular Zip Codes in Canton, IL
61520 rent to own homesBuying a Home in Canton, IL
Canton, IL is seeing rapid growth and Canton, IL's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Canton, IL is part of Fulton 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 Fulton is 1.78% which is above the national average, which is 0.99%.
Median Home Price in Canton, IL
Median Rent in Canton, IL
Top 6 Reasons to Live in Canton, IL
Outdoor recreation! There's certainly no shortage of outdoor activities in Canton, from hiking and water sports to bird watching. The Chautauqua National Wildlife Refuge is home to various migratory birds and waterfowl, and the Dickson Mounds Museum allows visitors to learn more about Native American culture at one of the largest on-site archaeological museums in the country.
Beautiful neighborhoods and properties! Canton's downtown community harbors an assortment of older homes for those who cherish historical architecture, while the city's outlying neighborhoods feature modern amenities. 61 percent of the houses here are owner-occupied, and the median home value is roughly 53 percent less than the average nationwide.
Meet your neighbors at community festivities! Each year, Canton comes alive with festivals and holiday gatherings. Enjoy local art displays at the Art on Main Fine Arts Festival downtown, or check out vintage automobiles at the Annual Cruise car show in June. The Old Fashioned Christmas Walk features trolley tours, vendors and horse-drawn carriage rides.
Affordable rental costs! Those in the market for a rent to own home will love the costs in Canton. Median rental rates here are almost 33 percent below the average across the United States, and the cost of living is 22 percent less than the national average so you can rent a property without feeling like you're breaking the bank. Due to the city's affordability, residents have more options for spending money on homemade goodies at Blessman's Boutique or sweet treats at the aptly named Sweet Shop.
Incredible road trips! If you enjoy life on the road and the scenes that come along with it, Canton is a perfect destination. Situated along the Illinois River Road National Scenic Byway, the six-community area shows the culture of the American Indian as well as the natural habitats clustered throughout the entire county. The byway is dotted with local boutiques, restaurants and monuments for a comprehensive cultural experience. The city is part of the annual Spoon River Valley Scenic Drive each October, as well.
Ample shopping and dining! Stop inside Blessings for a collection of unique home decor or visit One East Boutique for the latest fashionable finds. If you're craving some culinary treats, Canton is packed with locally owned restaurants, from Bistro 101 to American Grille.