Rent to own Homes in Jacksonville, IL
This city of over 19,000 residents has made its official motto 'Where People Make The Difference,' and this has undoubtedly remained true over Jacksonville's history. For instance, the first hospital in Illinois for developmentally challenged individuals opened in this city. Abraham Lincoln also frequented Jacksonville and he even gave a two-hour speech in opposition to slavery in 1856. If this isn't enough to show that the city is all about making a difference, maybe the fact that it was a huge stopping point on the Underground Railroad will do the job.
Jacksonville, IL is a great place for affordable rent-to-own homes! With a median household income of over $46,500 and a median rent of $659, the Jacksonville, 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 Jacksonville, 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 Jacksonville, IL Property Resources
Rent to own Homes in Cities Near Jacksonville, IL
- Alexander
- Alsey
- Arenzville
- Ashland
- Beardstown
- Berlin
- Bluffs
- Chambersburg
- Chandlerville
- Chapin
- Concord
- Exeter
- Franklin
- Glasgow
- Greenfield
- Jacksonville
- Literberry
- Lynnville
- Manchester
- Meredosia
- Merritt
- Modesto
- Murrayville
- Naples
- New Berlin
- Oxville
- Palmyra
- Pleasant Plains
- Riggston
- Roodhouse
- Scottville
- South Jacksonville
- Virginia
- Waverly
- White Hall
- Winchester
- Woodson
Neighborhoods in Jacksonville, IL
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62650 rent to own homesBuying a Home in Jacksonville, IL
Jacksonville, IL is seeing rapid growth and Jacksonville, IL's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Jacksonville, IL is part of Morgan 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 Morgan is 1.79% which is above the national average, which is 0.99%.
Median Home Price in Jacksonville, IL
Median Rent in Jacksonville, IL
Top 3 Reasons to Live in Jacksonville
Substantial growth in property value! Many people recognize that owning a home is an investment, and in Jacksonville, it's a very good investment. This is due to the fact that housing values in the area have increased over 16 percent in the last decade. By comparison, the American housing market only increased a little over 12 percent in the same period of time. So whether you choose to snag a home out by Mauvaise Terre Lake or further west around the Morgan County Fairground, there's no doubt that making the purchase or getting one of the city's rent to own houses will turn out to be a great investment.
Chock full of culture! The culture surrounding Jacksonville goes further than its walls. In fact, the recording industry has actually taken notice. A 2005 album from Sufjan Stevens had a track named 'Jacksonville' about the city, and Mary Chapin Carpenter had a song entitled 'John Doe #24' about a man who was found in Jacksonville. Outside of being immortalized in song, residents of Jacksonville can also get their cultural fill by visiting the Jacksonville Symphony Orchestra. Not into orchestral music? The David Strawn Art Gallery and Jacksonville Theatre Guild are also nearby. If you can't find something to make you more cultured around this city, you're simply not looking.
Affordable prices on houses! Even though the housing market has been moving up in Jacksonville, it doesn't mean that property isn't affordable. Sure, a 16 percent increase in values would make it seem like a house in the area would cost a pretty penny. But in reality, the price of a home in Jacksonville is nearly 50 percent lower than the national average. This means that properties up north around Highway 78 all the way down to Interstate 72 are far more affordable than many others in America. That should save you enough money for many trips to the local RMC Cinemas.