Rent to own Homes in Zion, IL
Zion, IL is a small city with only 9.81 square miles to its name, but it has a lot of character. The city, which also happens to be where actor Gary Coleman was born, is steeped in history and offers easy access to some of the state's most scenic natural settings. The population passed 24,000 in the 2010 census, and continues to grow as more and more people discover the many attractions available in this Lake County city.
Zion, IL is a great place for affordable rent-to-own homes! With a median household income of over $56,819 and a median rent of $1,078, the Zion, 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 Zion, 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 Zion, IL Property Resources
Rent to own Homes in Cities Near Zion, IL
- Antioch
- Bannockburn
- Bristol
- Caledonia
- Camp Lake
- Channel Lake
- Eagle Lake
- Elmwood Park
- Fox Lake Hills
- Franklin
- Gages Lake
- Grandwood Park
- Grayslake
- Green Oaks
- Hainesville
- Highland Park
- Highwood
- Indian Creek
- Kenosha
- Knollwood
- Lake Catherine
- Lake Shangrila
- Lake Villa
- Libertyville
- Lincolnshire
- Lindenhurst
- Long Lake
- Mettawa
- Mount Pleasant
- Mundelein
- North Bay
- Oak Creek
- Old Mill Creek
- Paddock Lake
- Park City
- Pleasant Prairie
- Racine
- Raymond
- Round Lake
- Salem Lakes
- Silver Lake
- Somers
- South Milwaukee
- Sturtevant
- Trevor
- Union Grove
- Venetian Village
- Wind Point
- Winthrop Harbor
- Zion
Neighborhoods in Zion, IL
Dunes Manor rent to own homesPopular Zip Codes in Zion, IL
60099 rent to own homesBuying a Home in Zion, IL
Zion, IL is seeing rapid growth and Zion, IL's' housing market remains optimal with an average home price that is -37% below the 2024 national average. Zion, IL is part of Lake 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 Lake is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Zion, IL
Median Rent in Zion, IL
Top 4 Reasons to Live in Zion, IL
Rising appreciation rates! Appreciation rates on Zion homes have gone up considerably, meaning that these properties have increased in value. That's a great sign for home buyers looking to settle here. If you're among those interested in homes for sale in Zion, look around the W. 18th St. and N. Thompson Ave. neighborhood or the Hermon Ave. and 26th St. neighborhood for your next place. Houses in these areas have higher appreciation rates compared to other local neighborhoods.
Lots of rental choices! With a little over one-third of properties being renter-occupied and a vacancy rate that's almost twice as high as the US average, there are plenty of rental options available in Zion. Whether you're looking for apartments for rent or rent to own houses, your best bet is most likely either the 21st Street and Gabriel Avenue area or the 10th Street and N. Hayner Avenue community. These tend to have higher numbers of rentals available.
Outdoor recreation! Zion provides you with some great places to enjoy the outdoors, whether you're looking for excitement or relaxation. Illinois Beach State Park on Zion's eastern edge features 4,160 acres of parkland, which includes pine forests and dunes. You can go hiking, fishing, camping, swimming, and biking here. At Shiloh Park, you can play tennis, baseball or horseshoes, enjoy a picnic, or take a ride on your bike on the park's trails. Shiloh Park Golf Course is also nearby.
History and culture! Explore Zion's history and learn more about its founder at the Shiloh House, also known as Zion's Museum. Among the artifacts on display are sports scrapbooks, furniture, dresses, and a collection of photos. At the Platen Press Museum, you can learn about hot metal casting, bookbinding, stone lithography, and letterpress printing. The museum provides a fascinating look at the world of printing, and you might even be able to purchase your own press.