Rent to own Homes in Manteno, IL
Manteno, IL is a great place for affordable rent-to-own homes! With a median household income of over $71,576 and a median rent of $921, the Manteno, 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 Manteno, 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.
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Rent to own Homes in Cities Near Manteno, IL
- Alsip
- Blue Island
- Burnham
- Calumet City
- Calumet Park
- Cedar Lake
- Chicago Heights
- Country Club Hills
- Crestwood
- Crete
- Demotte
- Dyer
- East Chicago
- Evergreen Park
- Flossmoor
- Ford Heights
- Frankfort
- Frankfort Square
- Goodenow
- Griffith
- Hebron
- Highland
- Hobart
- Hometown
- Homewood
- Lakes of the Four Seasons
- Manteno
- Markham
- Matteson
- Merrionette Park
- Midlothian
- Mokena
- New Chicago
- Oak Forest
- Orland Park
- Palos Heights
- Park Forest
- Peotone
- Phoenix
- Portage
- Roselawn
- Sauk Village
- Schneider
- Shorewood Forest
- South Chicago Heights
- Steger
- Thayer
- Thornton
- Tinley Park
- Worth
Neighborhoods in Manteno, IL
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No zip codes foundBuying a Home in Manteno, IL
Manteno, IL is seeing rapid growth and Manteno, IL's' housing market remains optimal with an average home price that is -10% below the 2024 national average. Manteno, IL is part of Kankakee 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 Kankakee is 1.91% which is above the national average, which is 0.99%.