Rent to own Homes in North Aurora, IL
A suburb of Chicago, North Aurora was once called Schneider's Mill after John Peter Schneider, a German immigrant who established a mill and dam on the Fox River. With a population of over 15,800 and an attractive riverfront park, North Aurora is a sweet spot near the Windy City. The village also has plenty of green space and a large array of shopping and dining options.
North Aurora, IL is a great place for affordable rent-to-own homes! With a median household income of over $90,315 and a median rent of $1,271, the North Aurora, 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 North Aurora, 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 North Aurora, IL
- Aurora
- Bartlett
- Batavia
- Bloomingdale
- Bolingbrook
- Bonnie Brae
- Boulder Hill
- Burlington
- Carol Stream
- Channahon
- Crest Hill
- Crystal Lawns
- Darien
- Downers Grove
- Elburn
- Elwood
- Fairmont
- Glendale Heights
- Glen Ellyn
- Hanover Park
- Ingalls Park
- Joliet
- Kaneville
- Lily Lake
- Lisle
- Lockport
- Lombard
- Millbrook
- Minooka
- Naperville
- Newark
- New Lenox
- Oak Brook
- Oswego
- Plainfield
- Plattville
- Prestbury
- Preston Heights
- Ridgewood
- Rockdale
- Romeoville
- Schaumburg
- Sheridan
- Shorewood
- South Elgin
- Westmont
- Wheaton
- Winfield
- Woodridge
- Yorkville
Neighborhoods in North Aurora, IL
North Aurora rent to own homesPopular Zip Codes in North Aurora, IL
60542 rent to own homesBuying a Home in North Aurora, IL
North Aurora, IL is seeing rapid growth and North Aurora, IL's' housing market remains not optimal with an average home price that is 18% above the 2024 national average. North Aurora, IL is part of Kane 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 Kane is 2.09% which is above the national average, which is 0.99%.
Median Home Price in North Aurora, IL
Median Rent in North Aurora, IL
Top 5 Reasons to Live in North Aurora, IL
Good grub! Oberweis Dairy is the spot for the best ice cream in the state. The Turf Room offers elegant dining with fresh cocktails and updated classic entrees. For classic American fare, try the heaping brunch at Ari's Kitchen. Harner's Bakery is another classic, famous for its homemade banana bread. Raimondo's Pizza & Pub is another well regarded spot, with a variety of delicious pizzas, and renowned gelato in flavors like pistachio and double chocolate. Craft beer and beer tasting nights make Raimondo's a lively choice for an evening out.
Well-regarded real estate! A rent to own home is a good option in this community, where the average real estate purchase is some 52 percent higher than elsewhere in the state or across the U.S. Moving to this coveted suburban community puts you near Valley Green Golf Course and Fox River Island Park. The town was dubbed an official Tree City by the Arbor Day Foundation in 2014, so expect plenty of shaded areas throughout North Aurora.
Excellent variety of home styles! Whether you choose the Hart Road area or the village center, there are single family homes of all sizes, town homes, and apartment complexes. The majority of properties in the Hart Road neighborhood are owner-occupied, while village center has a mix of renters and owners who enjoy nearby Highland Park and Goodwin Park.
Community events! Whether it's a Fourth of July Festival in the summer or Evergreen Holidays in December when the riverfront bike path is decorated with 30 holiday trees, there's always plenty to do. The North Aurora Activities Center offers sports programs and arts and crafts all year long. The town also celebrates National Night Out in the summer months.
Fine shopping options! North Aurora's town center features shops like Justice and Maurice's, while delicious baked goods are a choice at The Cakery, whose artistic and creative designs are well regarded throughout the greater Aurora area. North Aurora's town center also has major national chains like J.C. Penney's. Westfield Mall Fox Valley is also a part of North Aurora's shopping options.