Rent to own Homes in Woodridge, IL
Woodridge is a lovely suburb of Chicago, a village built primarily after 1950 and overlooking the Dupage River. It was founded by a housing developer named Albert Kaufman. Today, the area of Woodridge is located along major highways, but still remains peaceful and wooded with maple trees; this pleasant community offers great local shopping at Centerpointe of Woodridge, and an extensive parks and rec program for residential enjoyment.
Woodridge, IL is a great place for affordable rent-to-own homes! With a median household income of over $88,803 and a median rent of $1,367, the Woodridge, 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 Woodridge, 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 Woodridge, IL Property Resources
Rent to own Homes in Cities Near Woodridge, IL
- Alsip
- Batavia
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Burbank
- Downers Grove
- Elmhurst
- Fairmont
- Forest Park
- Frankfort
- Frankfort Square
- Glendale Heights
- Glen Ellyn
- Glenview
- Hanover Park
- Hillside
- Hodgkins
- Homer Glen
- Hometown
- Itasca
- La Grange Park
- Lockport
- Lombard
- Manhattan
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Mooseheart
- Naperville
- Oak Brook
- Oak Forest
- Palatine
- Palos Heights
- Plainfield
- Ridgewood
- Rockdale
- Rosemont
- Schaumburg
- Schiller Park
- South Elgin
- Streamwood
- Warrenville
- Wayne
- Westchester
- Willow Springs
Neighborhoods in Woodridge, IL
Natural Falls rent to own homes Farmingdale Village rent to own homes Woodridge Center rent to own homes Winston Hills rent to own homesPopular Zip Codes in Woodridge, IL
60517 rent to own homesBuying a Home in Woodridge, IL
Woodridge, IL is seeing rapid growth and Woodridge, IL's' housing market remains not optimal with an average home price that is 30% above the 2024 national average. Woodridge, IL is part of DuPage 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 DuPage is 1.71% which is above the national average, which is 0.99%.
Median Home Price in Woodridge, IL
Median Rent in Woodridge, IL
5 Reasons to Live in Woodridge, IL
Great pizza and brew! Woodridge is the birthplace of both Pabst Brewing Company and the Home Run Inn pizza chain. Maybe this is part of the reason Woodridge was rated number 61 by Money magazine on their list of "100 Best Places to Live."
River views and plenty of green space! Woodridge is located along the east branch of the Dupage River. Enjoy hikes and strolls through the Dupage County Green Valley Forest Preserve or Harriet Lake Park. Waterfall Glen Forest Preserve showcases 700 acres of rock and woods in a series of habitats including woodlands, savannas, and prairies, making it a great spot for bird watching and viewing over six hundred species of plants. Morton Arboretum is a flower-lover's oasis, with a guided tram tour, Meadow Lake, and sixteen miles of fragrant paths.
Stay fit and have fun! There are also two golf courses owned by the village, Seven Bridges and the Village Greens of Woodridge. If getting a hole in one isn't your thing, then strap on some skates and skim the ice at the Seven Bridges Arena. Or get on a state-of-the-art treadmill at the Edwards Health and Fitness Center.
Varied rental options available! While vacancy rates are low in this village community, there is a good variety of rent to own houses if you seek them out. Live close to South Grove Park, or within walking distance from the massive IMAX screen theater at Seven Bridges and Hollywood Boulevard. Whatever part of town you select, you'll have a choice of medium to large single family homes, apartment complexes, townhouses, and condominiums of all sizes.
Home prices and home values are rising! Illinois is seeing a renaissance in home values, so there's no better time to find a great deal on homes for sale or rent. One reason for an increase in the Woodridge neighborhood is that homes here offer fast access to work and play throughout the community and region. Major highways I-355 and I-55 take commuters to Chicago in around 45 minutes and Joliet in under 35 minutes. Commuter rail service is close at hand and the Pace bus system is coordinated by the Regional Transportation Authority.