Rent to own Homes in Wheeling, IL
As a bedroom community of Chicago, Wheeling offers the best of both worlds: proximity to the city for activities like the Chicago Bulls and Chicago Cubs, but also the quiet of suburban life. Home to an estimated 38,000 residents, newcomers to the city need to be prepared for chilly and windy winters and hot and humid summers.
Wheeling, IL is a great place for affordable rent-to-own homes! With a median household income of over $71,966 and a median rent of $1,270, the Wheeling, 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 Wheeling, 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 Wheeling, IL Property Resources
Rent to own Homes in Cities Near Wheeling, 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 Wheeling, IL
Wheeling rent to own homesPopular Zip Codes in Wheeling, IL
60090 rent to own homesBuying a Home in Wheeling, IL
Wheeling, IL is seeing rapid growth and Wheeling, IL's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Wheeling, 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 Wheeling, IL
Median Rent in Wheeling, IL
Top 5 Reasons to Live in Wheeling, IL
Great city for renters! Median rent for a three-bedroom home is significantly lower in Wheeling ($1467 a month) than in Chicago, where the average rent is $1641 per month. You can snag a great deal on a property in an area like Capitol Drive or Tahoe Circle.
Activities for any age! Splurge on a one-of-a-kind adventure by visiting Chicago Helicopter Express for a spectacular panoramic view of the city's skyline. Visit the Wheeling Park District Fitness Center to have instantaneous access to activities such as kayaking, squash, yoga and more. Best of all, membership is virtually free for Wheeling residents.
Now is the time to buy! Because the banks want to recoup their losses as soon as possible, foreclosure properties are often priced below market value for a quick sale. With Wheeling having 308 homes in pre-foreclosure, auction or bank-owned stages, now is the time to capitalize on great prices. If you're not ready to buy, rent to own homes are available in neighborhoods like Village Center and Buffalo Grove.
Tasty food at local eateries! Start your day off on the right foot with a delicious breakfast from Rise N Dine Pancake Cafe. Ask to see their secret menu for access to hidden treats like the chocolate chip pancakes. For lunch, head to Bob Chinn's Crab House for the chef's legendary seafood bisque. When dinner time rolls around, the Cooper's Hawk offers traditional American cuisine and an excellent wine list. End the day with a delicious Mexican pastry from Lupita's Bakery.
Emphasis on community! Held the third Sunday of every November, the Village of Wheeling hosts the annual tree lighting ceremony. Enjoy a steaming cup of hot chocolate and watch in awe as the trees throughout downtown light up in harmony. In the summer, you can celebrate Independence Day in style at the Wheeling Freedom Fest. From live music to fireworks to food, the festival is an event for any age.