Rent to own Homes in Westchester, IL
Originally a bustling prairie town, Westchester still boasts one of the largest black-soil prairie spaces (85 acres) east of the Mississippi. With a population of 16,825, Westchester locals enjoy cool winters with highs in the 30s, balanced by moderate summers in the mid-80s. With a close-knit residential community, Westchester has all the charm of a small Midwest town, but it also has a thriving business community that's home to the national headquarters for technology giant Sogeti.
Westchester, IL is a great place for affordable rent-to-own homes! With a median household income of over $88,861 and a median rent of $1,474, the Westchester, 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 Westchester, 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 Westchester, IL Property Resources
Rent to own Homes in Cities Near Westchester, IL
- Alsip
- Bannockburn
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Burnham
- Chicago Heights
- Downers Grove
- Elmhurst
- Evanston
- Forest Park
- Frankfort
- Frankfort Square
- Glendale Heights
- Glen Ellyn
- Glenview
- Golf
- Hanover Park
- Highland Park
- Highwood
- Hodgkins
- Hometown
- Indian Head Park
- La Grange Park
- Lincolnshire
- Lockport
- Lombard
- Markham
- Marley
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Naperville
- Niles
- Oak Brook
- Oakbrook Terrace
- Oak Forest
- Palatine
- Palos Heights
- Rosemont
- Schaumburg
- Schiller Park
- Thornton
- Westchester
- Willow Springs
- Wilmette
Neighborhoods in Westchester, IL
Westchester rent to own homesPopular Zip Codes in Westchester, IL
60154 rent to own homesBuying a Home in Westchester, IL
Westchester, IL is seeing rapid growth and Westchester, IL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Westchester, 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 Westchester, IL
Median Rent in Westchester, IL
Top Five Reasons to Live in Westchester
Healthy housing market! The median price of a home is around $202,750, an increase of 6.4 percent over last year. Over on Bristol Avenue, a beautiful mid-century three-bedroom, complete with a wood-burning fireplace, might sell for less than $230,000. Likewise, in centrally-located Stratford Avenue, a similar-style house with three bedrooms and two baths might list for under $229,000.
Spacious rental homes! Westchester has a good selection of rental properties all year round, including rent to own houses and standard monthly rentals. On centrally-located Shakespeare Street, a mid-century, two-bedroom home can rent for less than $1,500, while a more-modern three bedroom in the Plymouth Court area might rent for less than $2,300.
Great casual dining! Westchester has its share of casual eateries, and a favorite among locals is Paul's Pizza and Hot Dogs, which serves great pizzas, subs and signature Vienna hot dogs. Another favorite is Mattone Restaurant and Bar, which serves wood-fired pizza and casual Italian-style entrees such as chicken marsala and eggplant parmigiana.
Fitness and fun! Golf lovers flock to Chicago Highlands, a scenic, 18-hole course with fantastic hills and vistas of the Chicago skyline. It also boasts a country club with a skating rink and three pools. For more fitness and fun, locals visit the Mayfair Recreation Center, which offers everything from dance classes and yoga to kick boxing and total body toning.
Community festivals! In true village spirit, Westchester offers a full roster of outdoor festivals throughout the year. A favorite is the Fall Festival at the Fountain, a celebration that includes music, food, pumpkin painting and train rides. It's held at Crestwood Lane and Mannheim Road every October. For movie lovers, there's Movies in the Park, an annual series at Community Center Park that features free movies throughout the summer months.