Rent to own Homes in Mount Vernon, IL
With just over 15,000 residents, Mount Vernon is a gem of a city in an area known as the gateway to Southern Illinois. Conveniently located at the junction of Interstates 57 and 64, Mount Vernon is centrally located for easy access to Chicago, St. Louis and the southern region of the state. Residents have local access to many educational, occupational and entertainment opportunities. It also has a robust tourism industry, evident by the town's 13 hotels.
Mount Vernon, IL is a great place for affordable rent-to-own homes! With a median household income of over $42,194 and a median rent of $749, the Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, IL
- Belle Rive
- Benton
- Blairsville
- Bluford
- Bonnie
- Buckner
- Bush
- Cambria
- Carbondale
- Carterville
- Christopher
- Colp
- Crab Orchard
- Crainville
- Dahlgren
- Dowell
- Du Bois
- Du Quoin
- Elkville
- Energy
- Ewing
- Freeman Spur
- Galatia
- Hanaford
- Herrin
- Hurst
- Ina
- Johnston City
- Macedonia
- Marion
- Mount Vernon
- Mulkeytown
- Nason
- North City
- Opdyke
- Orient
- Pittsburg
- Royalton
- Scheller
- Sesser
- St. Johns
- Tamaroa
- Valier
- Waltonville
- West City
- West Frankfort
- Whiteash
- Whittington
- Woodlawn
- Zeigler
Neighborhoods in Mount Vernon, IL
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62864 rent to own homesBuying a Home in Mount Vernon, IL
Mount Vernon, IL is seeing rapid growth and Mount Vernon, IL's' housing market remains optimal with an average home price that is -64% below the 2024 national average. Mount Vernon, IL is part of Jefferson 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 Jefferson is 1.43% which is above the national average, which is 0.99%.
Median Home Price in Mount Vernon, IL
Median Rent in Mount Vernon, IL
The Top 5 Reasons to Live in Mount Vernon, Illinois
The housing market is thriving! If you're looking for rent to own homes, rental properties or properties for sale, Mount Vernon is a prime location. In addition to its great location to major roadways, the local area is beautiful and the economy has been thriving. A recent building boom has led to plenty of properties to choose from. Top locations are those near the Jefferson County Fairgrounds and the Mount Vernon Airport Authority.
Property values are rising! Whether you're looking at rentals or houses for purchase, the rising property values are a great indicator of this town's healthy economy. This is a great time to buy a home that you can be sure will increase in value. A couple of great home locations to start your search would be the Summersville and Idlewood neighborhoods.
Outdoor activities are calling! If you're an outdoor lover then you're going to love life in Mount Vernon! Great weather most of the year means that you can spend a lot of time enjoying golf at the Green Hills Country Club or hiking, fishing and boating at nearby Rend Lake Recreation Area.
There are plenty of dining options! You can find all sorts of great things to eat in Mount Vernon. In addition to the normal franchise options be sure to stop in at Rare Chop House Restaurant and try one of their steaks. Their homemade bourbon source is outstanding. For the best Gyro you are going to get in Illinois, visit Jimmie James Blue Goose.
Local attractions abound in Mount Vernon! There's a lot to see and do in this bustling little city, and the best part is that most of the local attractions are either free or have a minimal fee. Be sure to visit the chrome gorilla at Cedarhurst Center for the Arts, and take a step back in time at the Jefferson County Historical Village. As a special treat, history buffs can visit the Appellate Courthouse, where a young Abraham Lincoln practiced law.