Rent to own Homes in Hazel Crest, IL
Home to an estimated 15,000 residents, Hazel Crest is a small village in Cook County, Illinois. Located just 25 miles from Chicago, Hazel Crest is a popular commuter's city because it offers affordable housing and great local parks. In recent years, Hazel Crest has seen an increase in population largely due to it being home to one of the highest rated not-for-profit hospitals in the state.
Hazel Crest, IL is a great place for affordable rent-to-own homes! With a median household income of over $55,010 and a median rent of $1,455, the Hazel Crest, 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 Hazel Crest, 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 Hazel Crest, IL Property Resources
Rent to own Homes in Cities Near Hazel Crest, 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 Hazel Crest, IL
Pottawatomie Hills rent to own homes South Harvey rent to own homes Hazelcrest Highland rent to own homes Stonebridge rent to own homes Chateaux Vsailles rent to own homes Hazel Crest Proper rent to own homes Dynasty Lakes rent to own homesPopular Zip Codes in Hazel Crest, IL
60429 rent to own homesBuying a Home in Hazel Crest, IL
Hazel Crest, IL is seeing rapid growth and Hazel Crest, IL's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Hazel Crest, 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 Hazel Crest, IL
Median Rent in Hazel Crest, IL
Top 5 Reasons to Live in Hazel Crest, IL
Excellent health care facilities! Never travel for your medical emergencies when you can visit one of the most highly rated facilities in the state -- Advocate South Suburban Hospital. As a not for profit facility, the hospital includes 400 doctors on staff and is one of the best medical facilities for newborn babies. Other nearby facilities include Fresenius Medical Care and Ingalls Wellness Center.
Terrific parks and recreation department! For more than 55 years, the Parks and Recreation Department has been providing residents in Hazel Crest with more than 200-acres of park space in the city. Head to Wolf Park for walking trails and baseball on the three athletic fields or Lions Park for camping and fishing.
Delicious local restaurants for every craving! Take a culinary tour of the world with restaurants in Hazel Crest that feature cuisine from places like Africa, the Caribbean, the Middle East and Asia. Begin your culinary adventure at Mabovi for delicious and flavorful Caribbean dishes like fried plantains. Head to Wing Wah Restaurant for delicious Chinese food like General Tso's Chicken that can be had for takeout or eaten in-house.
Declining median sale price! Much like the stock market, you want to purchase a home when it is priced to sell. In 2007, the median sale price in Hazel Crest peaked at nearly $160,000; however, since then prices have plummeted to a median sale price of 109,000 today. Consequently, you'll have no trouble finding a great rent to own home in a desirable neighborhood at an affordable price in areas along Longfellow Ave and Crawford Ave.
Rent at an affordable price! Instead of purchasing a home, many new residents may want to look at rental properties that allow them to learn their favorite areas of Hazel Crest before making the decision to buy. If this is the route for you, consider that Hazel Crest has a median rent price of just $1300. Communities like the Village Center and along Wood Street offer the largest selection of rental homes.