Rent to own Homes in Mokena, IL
With the Loop just 27 miles to the northeast, Mokena offers its residents room to stretch, while still being near Chicago's awesome amenities and entertainment. Mokena has agricultural roots and grew up quickly once the railroad made its way through the area. Now, Mokena is booming. With over 19,200 residents and counting, folks have their eyes set on Mokena for its great housing options, green spaces, transportation convenience, and friendly atmosphere. Within the Chicago metropolitan area, Mokena is a great place to unpack your bags and stay a while.
Mokena, IL is a great place for affordable rent-to-own homes! With a median household income of over $109,935 and a median rent of $1,182, the Mokena, 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 Mokena, 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 Mokena, IL Property Resources
Rent to own Homes in Cities Near Mokena, IL
- Alsip
- Batavia
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Burr Ridge
- Calumet Park
- Chicago Heights
- Countryside
- Crest Hill
- Crestwood
- Crystal Lawns
- Downers Grove
- Elmhurst
- Fairmont
- Flossmoor
- Forest Park
- Frankfort
- Frankfort Square
- Glendale Heights
- Glen Ellyn
- Glenview
- Hanover Park
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lockport
- Lombard
- Manhattan
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Phoenix
- Plainfield
- Rosemont
- Tinley Park
- Woodridge
- Worth
Neighborhoods in Mokena, IL
Mokena rent to own homesPopular Zip Codes in Mokena, IL
60448 rent to own homesBuying a Home in Mokena, IL
Mokena, IL is seeing rapid growth and Mokena, IL's' housing market remains not optimal with an average home price that is 46% above the 2024 national average. Mokena, 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 Mokena, IL
Median Rent in Mokena, IL
Top 5 Reasons to Live in Mokena, IL
Spend time at the parks! Having green space at your doorstep while still being within Chicago's reach is what attracts people to Mokena. Willowview Park, which covers 8,5 acres, is great for anything from climbing boulders to flying kites. Sports lovers are certain to love Boske Park, where they can play basketball, roller derby, and softball. And Yunker Park covers over 116 acres and offers paths for walking and viewing original farm structures in Mokena.
Select among all sorts of homes! Housing comes in all forms in Mokena, so any kind of resident can find something suitable. 65.5% of units are detached houses, and the rest is a good mix of apartments, condominiums, townhouses, and multi-family homes. For apartments, check near Francis Road. For condos and townhouses, look around McGovney Park and in complexes like Wolf Point. For houses, check throughout town, from near Mokena Park in the center to the outskirts of the village.
Have an unforgettable meal! The food in Mokena always satisfies. Take advantage and go eat breakfast at EggCetera Cafe, order anything from a sandwich to lasagna at Annie's Gourmet Cucina, or have all sorts of seafood at Frank's Shrimp and Kitchen. With such a wide array of tasty dishes, you are certain to be pleased, no matter what you crave.
Nab a home while the market's booming! Property values in Mokena have jumped over 8.0% in the last 12 months and housing forecasts for the village indicate positive growth for years to come. That makes now the time in Mokena to buy or at least rent to own. You can't go wrong with buying a pad in subdivisions like Boulder Ridge and Tara Hills.
Enjoy great transportation options! Whether you like to drive, take public transit, walk, or bike, it's all feasible in Mokena. Proximity to Interstate-80 and U.S. Route 45 makes taking the car to certain places much simpler. The Mokena Metra station enables residents to get around the Chicago region much easier. Within town, many stores and eateries are situated along La Porte Road and Wolf Road, which means walking or biking to run errands is possible.