Rent to own Homes in Orland Park, IL
Finding luxury real estate: In Orland Park, real estate prices are well above the rest of the state, with median values around $267,972. Shop in Alpine or along Brook Crossing Drive to find great rent to own real estate options.
Orland Park, IL is a great place for affordable rent-to-own homes! With a median household income of over $84,676 and a median rent of $1,203, the Orland Park, 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 Orland Park, 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 Orland Park, IL Property Resources
Rent to own Homes in Cities Near Orland Park, 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 Orland Park, IL
Heritage rent to own homes Eagle Ridge rent to own homes Grasslands rent to own homes Golfview rent to own homes Catalina Villas rent to own homes Fernway rent to own homes Main Street District rent to own homes Orland Crossing rent to own homes Downtown Orland Park rent to own homes Catalina rent to own homesBuying a Home in Orland Park, IL
Orland Park, IL is seeing rapid growth and Orland Park, IL's' housing market remains not optimal with an average home price that is 33% above the 2024 national average. Orland Park, IL is part of Cook 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 Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Orland Park, IL
Median Rent in Orland Park, IL
Top 14 Reasons to Live in Orland Park, IL
Tasty nibbles and top restaurants: As a Chicago suburb, Orland Park has some of the top restaurants in the state. For traditional American fare, check out Cooper's Hawk Winery and Restaurant or Rock Bottom Restaurant and Bar.
Improving real estate market: Usually rising prices causes a slow down on sales, but in Orland Park, homes are selling 40% faster. Tour rent to own homes along 108th Avenue or Will Cook Road.
After dark fun: Fat Sam's Pub offers some of the best bar food in the area. For a night filled with laughter, be sure to visit Riddle's Comedy Club.
Live near top shopping: Orland Park has some of the best shopping in the state, from top name retailers at the Orland Park Mall and Orland Park Crossing. Car enthusiasts will enjoy the many dealerships along the 159th Street corridor.
Living in elegant and spacious homes: In many areas, homes often have approximately 1,200 to 1,500 square feet of living space. In Orland Park, the median home size is above 2,000 square feet. Rent to own houses surrounding Lake Ashbourne or along 88th Avenue are some great examples of the expansive square footage on offer.
Travel using expansive bike trails: Orland Park has numerous bike paths that traverse the city. Tinley Creek Forest Preserve and Sag Valley Forest Preserve both offer lengthy, well-maintained trails and stunning scenic views.
Lounge in style: To sample some of the best tobacco and enjoy a relaxing atmosphere, the Dwan Hookah Lounge offers a five-star atmosphere. For live shows in a lounge environment, check out the Zante Lounge of Orland.
Home ownership in a stable community: Orland Park has one of the highest percentages of home ownership in the nation. More than 90% of residents own their home. Make time to visit some open houses along Lakeside Drive or Nancy Lane if you are looking to buy a home.
Wonderful winter and snow sports: A big part of living in Chicago is enjoying the snow. Winters often come with significant snowfall, making activities like ice skating and skiing a common activity. The Arctic Ice Arena offers a smooth skate, and Four Lakes Alpine Snow Resort has numerous downhill trails.
Fun festivals and special events: Events span the calendar and bring in the crowds all year long. From Winter Follies in Centennial Park to the Open Lands Garden Walk in the Orland Park Civic Center, the excitement never stops.
Enjoy luxury living at its finest: Take a tour of some of the many million-dollar homes on W. 151st Street or Glenlake Drive. These homes have shown some of the most dramatic increases in price, upwards of 13% in some zip codes.
Delightful cuisine: Not only does Orland Park have some great traditional restaurants, it is also is home to some top-rated restaurants that serve food from other areas of the world. Fuji Japanese Steak House and Taj Mahal Restaurant both offer bites that pack a lot of punch.
Live in one of the nation's top cities: Orland Park routinely makes the list for one of the top 100 places to live in America, in large part due to its strong community and long-term residents. Locals enjoy Centennial Park and the numerous antique shops in the Old Orland Historic District.