Rent to own Homes in Joliet, IL
Joliet, Illinois has long been considered a suburb of Chicago, but people are now discovering that Joliet is a destination unto itself. Joliet, which is the fastest growing city in Illinois, is home to The Route 66 Raceway, one of the best racecar tracks in the Midwest, as well as the Chicagoland Speedway, another great place to quench your need for speed. Located just 45 miles southwest of Chicago, Joliet offers quiet, peaceful living with easy access to one of the most exciting cities in the country. Here, you can visit the site of the first Dairy Queen, now a church, as well as see the beautiful and historic Rialto Square Theatre.
Joliet, IL is a great place for affordable rent-to-own homes! With a median household income of over $72,871 and a median rent of $1,077, the Joliet, 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 Joliet, 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 Joliet, IL Property Resources
Rent to own Homes in Cities Near Joliet, IL
- Aurora
- Bartlett
- Batavia
- Bloomingdale
- Bolingbrook
- Bonnie Brae
- Boulder Hill
- Burlington
- Carol Stream
- Channahon
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- Elburn
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Ingalls Park
- Joliet
- Kaneville
- Lily Lake
- Lisle
- Lockport
- Lombard
- Millbrook
- Minooka
- Naperville
- Newark
- New Lenox
- Oak Brook
- Oswego
- Plainfield
- Plattville
- Prestbury
- Preston Heights
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Sheridan
- Shorewood
- South Elgin
- Westmont
- Wheaton
- Winfield
- Woodridge
- Yorkville
Neighborhoods in Joliet, IL
Crystal Lawns rent to own homes Revan Acres rent to own homes Beverly Place rent to own homes Chese Lakes rent to own homes Essington Road rent to own homes Grand Prairie rent to own homes Summerfield rent to own homes Glenwood Manor rent to own homes Evergreen Terrace rent to own homes Timbers rent to own homesPopular Zip Codes in Joliet, IL
60431 rent to own homes 60434 rent to own homes 60435 rent to own homes 60433 rent to own homesBuying a Home in Joliet, IL
Joliet, IL is seeing rapid growth and Joliet, IL's' housing market remains optimal with an average home price that is -11% below the 2024 national average. Joliet, IL is part of Will 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 Will is 2.05% which is above the national average, which is 0.99%.
Median Home Price in Joliet, IL
Median Rent in Joliet, IL
Top Reasons to Live in Joliet, IL
Housing While Joliet is a great place to live, it's not necessarily a cheap place to live. The median home sale price there is $110,000, and it continues to be a seller's market. It also has a very small number of housing vacancies - 6.37 percent - so it can be a little difficult to find just the right place for you to buy, rent, or rent to own. The annual residential turnover in Joliet is 14 percent, though, so it's not impossible to find a home there when you decide to relocate. Most residences in Joliet are single-family homes; there are nearly 10 times as many of them on the market than all the townhouses, condos, and multi-family homes combined. So if you're looking to rent or buy an apartment, Joliet might not be the best place for you.
About the City Lots of people in Joliet love to watch the races at Chicagoland Speedway and the Route 66 Raceway. But people who like to actually play sports can find lots to do in Joliet as well. There are several parks in the city, each of which offers sports leagues for both kids and adults. Golfers can play a round at one of the city's three public golf courses - Inwood, Wedgewood, and Woodruff - and skaters can ice skate at the Inwood Ice Area. There's not much to offer in Joliet in terms of professional sports, but luckily, nearby Chicago has professional basketball, baseball, football and hockey teams.
Nightlife While Joliet residents like sports during the day, they like to have a good time at night, and Joliet has no shortage of nightlife options. Chicago Street Pub is a local favorite; it serves bar food and great drinks, and there is live music on the weekends. Judge's is a great sports bar if you can't actually make it into Chicago to watch your favorite teams play live, but you still want to watch with a raucous crowd. The Department is one of Joliet's trendier bars; it is a place to see and be seen, and the atmosphere is great for anyone who likes more sophisticated surroundings when they drink.
Transportation Getting around Joliet is never a hassle, though residents say it's necessary to have a car. There isn't any public transportation right in the city, but it is possible to get to Chicago by commuter rail. Traffic getting into Chicago can be hectic, especially at rush hour and weekends, so if it's possible to take public transportation from your home into the city, do it.
Neighborhoods Joliet is so small that some people consider it a neighborhood unto itself. The downtown area is the hub of business and entertainment, but there are lots of great places to live throughout the entire town, whether you are looking for a rental apartment, purchasable home, or rental home.