Rent to own Homes in Calumet City, IL
Located just outside of Chicago, Calumet City, IL has easy access to big city living, without the daily grind of congested streets, ambient noise and high crime. This quiet suburb has miles of coastline along Lake Michigan, an active night scene, affordable cost of living and plenty of peace and quiet. With a population of just over 37,000, it is home to a well established and diverse community.
Calumet City, IL is a great place for affordable rent-to-own homes! With a median household income of over $50,640 and a median rent of $959, the Calumet City, 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 Calumet City, 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 Calumet City, IL Property Resources
Rent to own Homes in Cities Near Calumet City, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Neighborhoods in Calumet City, IL
No neighborhoods foundPopular Zip Codes in Calumet City, IL
60409 rent to own homesBuying a Home in Calumet City, IL
Calumet City, IL is seeing rapid growth and Calumet City, IL's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Calumet City, 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 Calumet City, IL
Median Rent in Calumet City, IL
Top 6 Reasons to Live in Calumet City, IL
Easy commuting! Enjoying the benefits of suburban living, with an easy commute into Chicago, all at well below market rate might seem impossible, but Calumet City makes it a breeze. A short 30-minute drive along I-94 or I-90 makes living in the suburbs and working in the city a simple proposition.
Buy big without big price tags! With a price per square foot of only $48, Calumet City is well below the national average. This means you can afford a lot more house for your money. Look in areas like Wakarusa Marketplace or Remington Square to find homes for sale.
Tee-off time! Several golf clubs make it easy to keep improving your game while living in Cal City. The George W. Dunn National Golf Course is challenging and offers driver clinics at Ben Mutz Golf. Gimme Golf brings famous courses to you, as you play on simulated courses. If offers all the fun of a good game, without worrying about the weather.
Put on the skates! Ice skating rinks abound in this northern city, with lessons and free skate time available at the Calumet City Indoor Ice Skating Rink. For those who enjoy skating off the ice, the Lynwood Roller Rink hosts parties, roller derby and tons of other events for locals to enjoy.
Roll the dice! Enjoy a good gamble at any one of several local casinos. The Horseshoe Hammond Casino and the Ameristar Casino Hotel also act as venues for musical acts and live theater performances. The Band Perry, Styxx and Air Supply are just a few of the possible options.
Affordable housing! Located in northeast Illinois, Calumet City has very affordable real estate prices, with an average listing price of only $66K. This is well below the state average of almost $300K. Shop for rent to own homes in areas like Dolton or Austin to find the best property deals.