Rent to own Homes in Harvey, IL
Harvey, Illinois has a population of just over 25,000 residents. Part of Cook County, Harvey is located conveniently close to Chicago. With a land area of only 6.3 square miles, Harvey was founded in 1891 and modeled itself after the nearby city of Pullman. Though Pullman was eventually annexed to become part of Chicago, Harvey remained independent. Recent changes in the local population have led to a more affordable real estate market.
Harvey, IL is a great place for affordable rent-to-own homes! With a median household income of over $32,635 and a median rent of $940, the Harvey, 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 Harvey, 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 Harvey, IL Property Resources
Rent to own Homes in Cities Near Harvey, 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
Popular Zip Codes in Harvey, IL
60426 rent to own homesBuying a Home in Harvey, IL
Harvey, IL is seeing rapid growth and Harvey, IL's' housing market remains optimal with an average home price that is -67% below the 2024 national average. Harvey, 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 Harvey, IL
Median Rent in Harvey, IL
Top 5 Reasons to Live in Harvey, Illinois
Access to the area is easy! Getting in and out of Harvey, Illinois is extremely easy and convenient, as Harvey has major roads throughout the city that helps move traffic along. The local Dixie Highway runs through much of Illinois and keep residents moving quickly. Additionally, Harvey has a Metra Electric branch in the city, which gives them an alternative transit option.
Very low real estate costs! Whether you are looking at buying outright or renting a home or an apartment, Harvey enjoys an inexpensive real estate market. Compared to the national average, you can get much more bang for your buck on homes for sale. The least expensive homes are found in the area around Halsted and Morgan St, whereas more expensive homes can be found around E159 St.
Rental opportunities! Of course, if you would prefer to rent, there are plenty of apartments throughout Harvey. Like the cost of buying a home, the rental price both of these units and rent to own homes are much lower than the national average. Both Governors Place and Thornwood Apartments offer great options.
A very active Parks and Recreation department! There is a surprising amount of parks in this beautiful little town. In fact, there are 15 separate parks that residents can enjoy. The New Holmes Park offers basketball courts, pavilions, and a variety of other amenities. If you are looking for a larger park, the Gloria J. Taylor Park covers 52 acres of land and includes a variety of activities.
Plenty of sporting opportunities! Harvey takes pride in its local community involvement. In addition to the many parks around the city, there are plenty of organized sporting opportunities within the community. The Harvey Boxing Club includes more than 50 active members and helps to teach valuable skills while assisting members as they work to stay in shape. There are also plenty of activities for the youth of Harvey such as the Harvey Colts pee-wee football team and the local Harvey Wrestlers.