Rent to own Homes in Lindenhurst, IL
A thriving village in Illinois' Lake County, Lindenhurst lies just ten miles northwest of Waukegan and a little under 45 miles from Chicago. Built specifically to protect the surrounding beaches, lakes and green spaces, the area is home to a residential population of around 14,500 people. In addition to natural beauty, the community enjoys a high standard of living, courtesy of exceptionally low crime and poverty rates, a stable housing market and plenty of local amenities.
Lindenhurst, IL is a great place for affordable rent-to-own homes! With a median household income of over $115,495 and a median rent of $1,562, the Lindenhurst, 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 Lindenhurst, 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 Lindenhurst, IL Property Resources
Rent to own Homes in Cities Near Lindenhurst, IL
- Antioch
- Bannockburn
- Bohners Lake
- Bristol
- Browns Lake
- Bull Valley
- Burlington
- Caledonia
- Camp Lake
- Carpentersville
- Eagle Lake
- Fox Lake
- Gages Lake
- Genoa City
- Grayslake
- Green Oaks
- Hainesville
- Hawthorn Woods
- Highland Park
- Highwood
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake in the Hills
- Lake Ivanhoe
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Long Lake
- McCullom Lake
- Mundelein
- Old Mill Creek
- Paddock Lake
- Palatine
- Park City
- Pistakee Highlands
- Port Barrington
- Richmond
- Rochester
- Round Lake
- Solon Mills
- Sturtevant
- Union Grove
- Volo
- Wauconda
- Wilmot
- Winthrop Harbor
Popular Zip Codes in Lindenhurst, IL
No zip codes foundBuying a Home in Lindenhurst, IL
Lindenhurst, IL is seeing rapid growth and Lindenhurst, IL's' housing market remains not optimal with an average home price that is 3% above the 2024 national average. Lindenhurst, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Lindenhurst, IL
Median Rent in Lindenhurst, IL
Top 5 Reasons to Live in Lindenhurst, IL
Outdoor living! Life in Lindenhurst is ideal if you enjoy being outdoors. Green spaces such as the McDonald Woods and Duck Farm Forest Preserves perfectly complement water features like Waterford and Crooked Lakes. If you prefer the feeling of sand between your toes, you can be at Illinois Beach State Park in under half an hour.
Ample amenities! Find plentiful local stores along East Grand Avenue, enjoy breakfast at Emily's Pancake House or take a lunchtime breather at Rosati's Pizza. If romance is in the air, enjoy fine Polish cuisine at the lakeside Reflections Restaurant. If you feel like rustling up your own meal, take a jaunt to the historic community of Grayslake to visit Illinois' longest running farmer's market.
Get to know your neighbors! Perhaps united by a common desire to keep Lindenhurst as picturesque as the environmentally-sympathetic developers intended, residents of Lindenhurst are a tightly knit bunch. Soak up the small town vibe at the annual four-day festival, Lindenfest, or take part in community initiatives such as Shop with a Cop and Earth Day festivities.
Attractive rental homes! At a little under $1,400 a month, renting in Lindenhurst is likely to set you back a little more than in the rest of the state. The higher price tag doesn't come without its benefits though; the beautiful rental homes in the area also feature a higher than average number of rooms. If you have your heart set on something cheaper, try complexes such as Water's Edge or Grand Oak Apartments.
Settle down! More than 90 percent of homes in Lindenhurst are owner-occupied, so if you decide to put down roots and go for a mortgage or rent to own property, you'll be in good company. You can expect an average price tag of around $230k, but there is some variation. A three-bedroom condo on Falling Waters Lane might go for $145k, while a four-bedroom house on Crosswind Lane is likely to fetch upward of $470k.