Rent to own Homes in Rolling Meadows, IL
Located just 24 miles northwest from the heart of Chicago, Rolling Meadows is close enough to commute into the vibrant Windy City while retaining its own unique identity. Explore the urban wilds of the Salt Creek Rural Park District or enjoy the large reading collection at the Rolling Meadows Library. Once known as Plum Grove, this is a "plum" of a city to its population of just over 24,000.
Rolling Meadows, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,609 and a median rent of $1,399, the Rolling Meadows, 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 Rolling Meadows, 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 Rolling Meadows, IL Property Resources
Rent to own Homes in Cities Near Rolling Meadows, IL
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Carpentersville
- Downers Grove
- East Dundee
- Elmhurst
- Forest Park
- Gages Lake
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Hodgkins
- Indian Creek
- Knollwood
- La Grange Park
- Lake Barrington
- Lakemoor
- Lake Villa
- Lincolnshire
- Lombard
- Long Lake
- Maywood
- Melrose Park
- Mundelein
- Naperville
- Oak Brook
- Old Mill Creek
- Palatine
- Park City
- Port Barrington
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Volo
- Wauconda
- Westchester
- Willow Springs
Neighborhoods in Rolling Meadows, IL
Rolling Meadows rent to own homesPopular Zip Codes in Rolling Meadows, IL
60008 rent to own homesBuying a Home in Rolling Meadows, IL
Rolling Meadows, IL is seeing rapid growth and Rolling Meadows, IL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Rolling Meadows, 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 Rolling Meadows, IL
Median Rent in Rolling Meadows, IL
6 Reasons to Live in Rolling Meadows, IL
Parks and rec pleasures! From the eight landscaped acres of Plum Grove Park--a grassy retreat with a pool and banquet room--to the ice skating meccas of West Meadows Ice Arena and Nelson Sports Complex, there's plenty of activities to enjoy. For something different, try the new Disc Golf at North Salk park, where twelve holes are available for play along both sides of scenic Salt Creek.
Attractive housing choices! Every Rolling Meadows neighborhood offers unique opportunities for rent to own options, from large to medium-sized single family homes to smaller townhouses and condominiums. With a vacancy rate of 5.92 percent, this town is in demand, but newcomers can still find real estate gems whether they want to live near Kimball Hill Park or along the banks of Salt Creek.
Shopping scene fun! Need a little retail therapy at Rolling Meadows shopping center or Woodfield Mall? It might be tough to choose your spot, with a wide variety of national chains and local boutiques to browse -- from American Eagle to Ann Taylor.
Dining delights! There's live music throughout the week along with tasty sandwiches at a the Potbelly Sandwich Shop, a chain that originated in the Chicago area. Chef Ping's Chinese cuisine is another local favorite.
Strong property values! A coveted community, Rolling Meadows' home values are higher than properties in over 67 percent of U.S. neighborhoods, and 65.3 percent of neighborhoods within Illinois. What makes values this substantial? Northwest Community Hospital offers well-regarded medical care, and I-90 is close at hand to help commuters get where they want to go fast. Another reason for high property values: the average commute time is less than fifteen minutes -- one of the shortest commute times nationwide.
Fitness fun! No matter what the weather, there's exercise equipment, classes and programs at the Nelson Sports Complex all year long. So even if it's snowy outside, there are no excuses not to feel the burn. In the summer months, get back into the swing of things and enjoy tennis at the courts in Countryside Park or Waverly Parks.