Rent to own Homes in Washington, IL
Washington is a city in Illinois with a population of about 15,000 people. Though small, it is within driving distance of Chicago, St. Louis, and Indianapolis. Though it's about three hours away from Lake Michigan, Washington is a mere 20 minutes from a local Upper Peoria Lake.
Washington, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,608 and a median rent of $915, the Washington, 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 Washington, 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 Washington, IL Property Resources
Rent to own Homes in Cities Near Washington, IL
- Bartonville
- Bay View Gardens
- Bellevue
- Bradford
- Brimfield
- Chillicothe
- Creve Coeur
- Dahinda
- Dunlap
- East Peoria
- Edelstein
- Edwards
- Elmwood
- Farmington
- Galva
- Germantown Hills
- Glasford
- Hanna City
- Hopewell
- Kewanee
- Lacon
- La Fayette
- Lake Camelot
- Laura
- Lowpoint
- Mapleton
- Marquette Heights
- Mossville
- Neponset
- North Pekin
- Norwood
- Oak Run
- Pekin
- Peoria
- Peoria Heights
- Princeville
- Putnam
- Rome
- Smithville
- Sparland
- Speer
- Spring Bay
- Toulon
- Trivoli
- Victoria
- Washington
- West Peoria
- Williamsfield
- Wyoming
- Yates City
Neighborhoods in Washington, IL
Devonshire Estates rent to own homes Washington Original Town rent to own homes Holland Dorsey Wathan And Robinson rent to own homes Hillcrest rent to own homes Downtown Washington rent to own homes Garrisons rent to own homesPopular Zip Codes in Washington, IL
61571 rent to own homesBuying a Home in Washington, IL
Washington, IL is seeing rapid growth and Washington, IL's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Washington, IL is part of Tazewell 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 Tazewell is 1.85% which is above the national average, which is 0.99%.
Median Home Price in Washington, IL
Median Rent in Washington, IL
Top 6 Reasons to Move to Washington, IL
Affordable homes for sale! The median home price in this city is about $166,000. This is a bit lower than the national median price of $181,000 and even lower than the Illinois average of $191,000. If you plan to become a homeowner any time soon, Washington is a good city to consider. Freat areas to look for homes for sale include Washington Road, McClugage Road, North Summit Drive and Centennial Drive.
Parks and golf courses! If you want to spend time outside, Washington makes that easy. Here you will find several parks with rolling, green hills and sport courts. You can choose from Washington Park, Harry LaHood Park, Meadow Valley Park, and Oak Ridge Park if you're looking for a fun day outdoors. You can also play a round of golf at Hillcrest Country Club.
Inexpensive rentals! Whether you want to rent or rent to own in Washington, you will find the rental rates to be reasonable. The median rent is about $700, which is much lower than the average of nearly $900 in the rest of the country. South Main Street and Peoria Street have some great homes for rent, as do South Summit Drive and Lexington Drive.
Lots of eateries! When you get hungry in Washington, you won't have to go far for something good. You can stop by casual eateries like Kep's Sports Bar and Grill, Gracie's Sports Grille and Pizza, and Tequila's Mexican Bar and Grill. If you want brunch, head to Cummins Family Restaurant, and then go to Basta O'Neill's for Irish cuisine for lunch or dinner.
Stores and shops! There are plenty of places to shop in this city. You can get your groceries at Kroger, pharmacy items at Walgreens, and bargains at Goodwill. Other stores include specialty shops like Peddler's Way Quilt Co., Lori's Kitchen Store, and Game Stop.
Fun events! This community puts on several events per year. They include holiday celebrations such as the Memorial Day Parade and the Veterans Day Parade. There is also the Good Neighbor Days Festival, which features crafts and local vendors.