Rent to own Homes in Naperville, IL
Back in 2006, Money Magazine voted Naperville, Illinois, the second best place to live in the whole United States. High praise for a city of only about 150,000 people! The affluence of the city does contribute to its appeal, as Naperville was named the Midwest's wealthiest city in 2010. Naperville has been transformed from a simple farm town to a vibrant city with an extremely high quality of life.
Naperville, IL is a great place for affordable rent-to-own homes! With a median household income of over $127,648 and a median rent of $1,546, the Naperville, 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 Naperville, 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 Naperville, IL Property Resources
Rent to own Homes in Cities Near Naperville, IL
- Batavia
- Berkeley
- Boulder Hill
- Burr Ridge
- Carol Stream
- Countryside
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- East Dundee
- Elmhurst
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Hinsdale
- Hodgkins
- Kaneville
- La Grange Park
- Lily Lake
- Lisle
- Lockport
- Lombard
- Manhattan
- Medinah
- Millbrook
- Mokena
- Naperville
- New Lenox
- Northlake
- Oak Brook
- Palos Park
- Plainfield
- Prestbury
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Shorewood
- South Elgin
- Westchester
- Westmont
- Wheaton
- Willow Springs
- Winfield
- Wood Dale
- Woodridge
- Yorkville
Neighborhoods in Naperville, IL
Downtown Naperville rent to own homes Hobson Village rent to own homes Spring Brook Plant rent to own homes Tall Grass rent to own homes Spring Brook Crossing rent to own homes Saddle Creek rent to own homes McDowell Forest Preserve rent to own homes South Pointe rent to own homes Wood Lake rent to own homes Huntington Hill rent to own homesPopular Zip Codes in Naperville, IL
60540 rent to own homes 60563 rent to own homes 60565 rent to own homes 60564 rent to own homesBuying a Home in Naperville, IL
Naperville, IL is seeing rapid growth and Naperville, IL's' housing market remains not optimal with an average home price that is 95% above the 2024 national average. Naperville, IL is part of DuPage 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 DuPage is 1.71% which is above the national average, which is 0.99%.
Median Home Price in Naperville, IL
Median Rent in Naperville, IL
Top Reasons to Live in Naperville IL
Housing Statistics Recent stats show that property incomes rates for households are at a median of over $110,000, while individual income rates are at $45,000, both of which are well above average for much of the country. Naturally, these high income rates lead to a fairly expensive property market, with average sale prices of $535,000, and median sales prices of $350,000. Again, these are well above the national average. The property market is fairly active as well, with roughly 500 homes sold per month. If you want to move to the area, therefore, rent to own homes might be a good option if you cannot afford these higher real estate costs.
Nightlife With people having plenty of money to spend, the nightlife in Naperville is fairy decent. If it's a proper clubbing session you're looking for, Zero Gravity is the best you're going to get, with international DJs performing regularly, an awesome state of the art surround sound audio and video system, and 36-inch screens and cameras all over the club showing you exactly what's going down and where. While Zero Gravity caters to a younger audience, and sells non alcoholic drinks to their underage customers, Blur is for an older crowd. It's a great place for a top-40 fueled night out with your buddies. If you like a bit of diversity, Frankie's Blue Room is a great bet, with 3 different bars all under the same roof! Start in the bar and grill, and then gravitate towards the live music and club section.
Transportation and Commutes While cars are the main way of getting from A to B in Naperville, there are still some great public transport links through the city as well. Pace provides a convenient bus service throughout the town and beyond, while there are 3 different train lines running through the city as well. When it comes to the roads, there are several interstates running around the city, each with several exits offering easy access.
Arts and Culture Naperville is home to the finest library in the U.S. for cities with populations between 100,000 and 250,000, and it has three popular libraries in total. About 1.5 million people visit them each year, while roughly five million books and other items are borrowed per year as well, proving that libraries remain hugely popular in some areas. Naperville is also home to the Wentz Concert Hall and Fine Arts Center. The Hall is a wonderful auditorium featuring over 600 seats and world class acoustics that are said to be as good as Carnegie Hall in New York. For something more active, the Naperville Century Walk is a great way to see some of the city's art and history all rolled into one, while the Naper Settlement is a lovely 12-acre outdoor historic village that will transport you back to the 19th century where you'll be able to witness the local villagers go about their business.
School Systems There are two K-12 districts that serve the city--the Naperville Community Unit School District 203 and the Indian Prairie School District 204. In the former, there are 13 elementary schools, 4 junior highs, and 2 high schools, while the latter has 21 elementary schools, 7 junior highs, and 3 high schools. In addition, there are a host of private schools within the city, including All Saints Catholic Academy, Bethany Lutheran School and St. Raphael Catholic School.