Rent to own Homes in Godfrey, IL
A pleasant village in the greater St. Louis, Missouri area, Godfrey is located at the mouth of the Missouri River. The Missouri River served as the start of the Lewis and Clark expedition. Today, you can join some 16,000 plus residents exploring life right here. Scenic river views and a wide number of community parks and programs, like an annual Fun Run, make Godfrey a spirited community.
Godfrey, IL is a great place for affordable rent-to-own homes! With a median household income of over $73,041 and a median rent of $1,034, the Godfrey, 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 Godfrey, 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 Godfrey, IL Property Resources
Rent to own Homes in Cities Near Godfrey, IL
- Alton
- Bellefontaine Neighbors
- Bel-Ridge
- Black Jack
- Breckenridge Hills
- Brentwood
- Castle Point
- Charlack
- Columbia
- Concord
- Cool Valley
- Country Club Hills
- Creve Coeur
- Dellwood
- Des Peres
- Dow
- Edmundson
- Ellisville
- Elsah
- Fenton
- Glasgow Village
- Grantwood Village
- Greendale
- Jennings
- Kirkwood
- Ladue
- Lemay
- Mackenzie
- Maplewood
- Marlborough
- Mehlville
- Moline Acres
- Northwoods
- Norwood Court
- Oakville
- Old Jamestown
- Pasadena Hills
- Pasadena Park
- Richmond Heights
- Riverview
- Rock Hill
- Sappington
- Shrewsbury
- Spanish Lake
- St. Ann
- St. Charles
- St. George
- St. John
- Sunset Hills
- Winchester
Neighborhoods in Godfrey, IL
No neighborhoods foundPopular Zip Codes in Godfrey, IL
62035 rent to own homesBuying a Home in Godfrey, IL
Godfrey, IL is seeing rapid growth and Godfrey, IL's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Godfrey, IL is part of Madison 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 Madison is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Godfrey, IL
Median Rent in Godfrey, IL
6 Reasons to Live in Godfrey, IL
Real estate bargains! Want a rent to own property near the Missouri River? It can be found at a reasonable rate. Median real estate in the Village Center of Godfrey is less expensive than 73.8% of other Illinois neighborhoods and 72.5% of all neighborhoods nationwide. Take a stroll near Godfrey Pond or Jones Pond while perusing the community.
Variety of housing options! While vacancies can be tight in this charming community, there's a variety of home types in each neighborhood. Smaller homes and apartments are readily found in Village Center, and medium to large single family homes and mobile homes are available in Fairmont/Clifton near Clifton Terrace Park and the Great River Road.
Annual maze magic! The autumn season brings with it the Great Godfrey Maze with themes like 2014's Harry Potter's Wizarding World. This outdoor attraction is located in lovely Glazebrook Park, which also offers picnic spots and walking trails.
Fun, food, and drink! Check out the entertainment and All-American fare at Roper's Regal Beagle, or choose a more sedate dining option with Josephine's Tea Room and Gifts. Enjoy a delightful cup o' tea anytime. Fritz's Frozen Custard is a local sweet treat favorite.
Shopping delights! The Shops at Beverly Farm brings a combination of coffee shop and bakery items as well as gifts and resale items to discerning shoppers. No matter what you're in the mood to buy, you'll want to start with the Buzy Bee Bakery's regional favorite Gooey Butter Cake or Deluxe Chocolate Marshmallow bars.The Riverside Flea Market offers plenty of inexpensive and unique finds. Ten different vendors are a part of Aerie's Grounds & Gifts including special local wares like DipSticks Candles and Grafton Pottery,
Biking and hiking! Many trails and views are available along the Great River Road, including the Sam Vadalabene Bike Trail that stretches some 20 miles to Pere Marquette State Park. Grafton is one stop along this panoramic route. The Confluence Greenway Project is built on river levees paralleling the Mississippi River.