Rent to own Homes in Danville, IL
The Midwest has always been known for a certain friendly charm. Danville, IL not only lives up to this reputation, but it also offers accessibility to larger towns and cities, great recreation opportunities for families, a low cost of living, and a rich history as a small town with a good name. Danville has something to offer everyone!
Danville, IL is a great place for affordable rent-to-own homes! With a median household income of over $37,328 and a median rent of $680, the Danville, 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 Danville, 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 Danville, IL Property Resources
Rent to own Homes in Cities Near Danville, IL
- Alvan
- Alvin
- Armstrong
- Belgium
- Bismarck
- Catlin
- Cayuga
- Chrisman
- Collison
- Covington
- Dana
- Danville
- Fairmount
- Fithian
- Foster
- Georgetown
- Hedrick
- Henning
- Hillsdale
- Homer
- Hoopeston
- Indianola
- Judyville
- Kingman
- Marshfield
- Metcalf
- Muncie
- Newport
- Oakwood
- Ogden
- Olivet
- Pence
- Perrysville
- Potomac
- Ridge Farm
- Rossville
- Sidell
- State Line City
- Tab
- Tilton
- Veedersburg
- West Lebanon
- Westville
- Williamsport
Neighborhoods in Danville, IL
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Danville, IL is seeing rapid growth and Danville, IL's' housing market remains optimal with an average home price that is -69% below the 2024 national average. Danville, IL is part of Vermilion 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 Vermilion is 1.72% which is above the national average, which is 0.99%.
Median Home Price in Danville, IL
Median Rent in Danville, IL
5 Reasons to Enjoy Living in Danville, IL
Midwestern paradise: Danville was created in 1827 and holds a long frontier history. The city was the location of some of the first open-mined coal pits, which helped to spur on the American Industrial Revolution. This mining areas have become recreational parks in spots like Kennekuk Cove County park and Vermillion Heights. Today, it's a welcome oasis from big city life, yet still close enough to make a trip to Chicago, IL. Make your home here and live the small town life.
Close to everything! Danville, IL is within commuting or driving distance from several large city areas, making it a great place to be in the middle of everything. Choose to live near the Vermilion Regional Airport, or in proximity to the railways that converge in the area. Rent to own a home in one of the beautiful neighborhoods of Danville, and enjoy the convenience of the big city while living in small town comfort.
Recreation areas are plentiful! The many different coal mining areas in Danville may no longer be active, but they have been put to good use. Two of the largest mines have been converted into beautiful man-made lakes at the Kickapoo State Recreation Area and Kennekuk Cove County Park. Set up camp on these picturesque lakes and enjoy the recreation of a pristine lake year-round. Enjoy the seasonal festivities, held at some of the recreation areas within Danville, as well - such as the Festival of Trees and the World's Largest Gathering of Elves!
Find your Ideal home! Danville is a great area to purchase a property. Homes for sale here average about $90,000 (in 2011), much less than the average cost in Illinois. Check out neighborhoods like Elmwood and Lincoln Park, which both have residential hot spots. This lower cost can benefit those who are just starting out or those who are looking to make a change. The area is beautiful and centrally located, making this lower cost even more appealing - the cost of living index is only 83 here, versus the average of 100 in the United States.
Famous folks! You might not have heard of Danville, IL before, but you've surely heard of some of the city's famous sons and daughters. Dick Van Dyke, Jerry Van Dyke and Gene Hackman are all former residents of Danville, and grew up in neighborhoods like Holiday Hills. Lay out in the sun and relax by Lake Vermillion, just as these actors must have, and dream about your famous future!