Rent to own Homes in Libertyville, IL
Located in Lake County, Illinois, Libertyville has the town motto "Fortitudine Vincimus," which means "By endurance we conquer." In its early development, the city underwent frequent name changes, expanding from a small and mostly insignificant settlement to have a current land area of 9.15 square miles. According to the most recent census data, the village has a population of 20,315, which is higher than the previous census. The village is expected to continue this cycle of growth for years to come.
Libertyville, IL is a great place for affordable rent-to-own homes! With a median household income of over $150,580 and a median rent of $1,363, the Libertyville, 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 Libertyville, 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 Libertyville, IL Property Resources
Rent to own Homes in Cities Near Libertyville, IL
- Antioch
- Bannockburn
- Bristol
- Bull Valley
- Camp Lake
- Carpentersville
- East Dundee
- Elmhurst
- Fox Lake
- Gages Lake
- Genoa City
- Glendale Heights
- Glenview
- Golf
- Grayslake
- Green Oaks
- Hainesville
- Hanover Park
- Hawthorn Woods
- Highland Park
- Highwood
- Holiday Hills
- Indian Creek
- Knollwood
- Lake Barrington
- Lake Catherine
- Lake in the Hills
- Lakemoor
- Lake Villa
- Lily Lake
- Lincolnshire
- Long Lake
- McCullom Lake
- Mundelein
- Old Mill Creek
- Paddock Lake
- Palatine
- Park City
- Pistakee Highlands
- Port Barrington
- Richmond
- Rosemont
- Round Lake
- Schaumburg
- Schiller Park
- Solon Mills
- Volo
- Wauconda
- Wilmot
- Winthrop Harbor
Neighborhoods in Libertyville, IL
Green Tree rent to own homes Riva Ridge rent to own homes Red Top Farm rent to own homes Red Top Farm Of Libertyville rent to own homes Nordic Park rent to own homes Copeland Manor North rent to own homes Valley Park rent to own homes Parkhurst rent to own homes Virgin Creek rent to own homes Concord Green rent to own homesPopular Zip Codes in Libertyville, IL
60048 rent to own homesBuying a Home in Libertyville, IL
Libertyville, IL is seeing rapid growth and Libertyville, IL's' housing market remains not optimal with an average home price that is 107% above the 2024 national average. Libertyville, 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 Libertyville, IL
Median Rent in Libertyville, IL
7 Reasons to Live in Libertyville, IL
A diverse supply of homes available! No matter what type of home you are looking for, the price of homes for sale in Libertyville can vary greatly from one neighborhood to the next. This is due in part by the various homes that are available in different sizes and land areas. If you look along Peterson Rd/U.S. Route 45, you will find some of the nicest homes in Illinois. Should you wish to find something less expensive, S Milwaukee Ave is the place to go. In either case, there are rent to own options out there.
Lots of rental home opportunities! Apartments are not very common in Libertyville, but there are more than a few homes for rent on the market at any given time. Thorneberry Ct. is a common road to find good rental opportunities. There are also plenty of chances along W Park Avenue, including some apartments.
Play a competitive game of golf! Libertyville is home to two major golf courses, both offering a unique play. Riverside and Merit Club are great courses to check out if you enjoy golf.
Explore the local parks! While in the area, you may want to check out some of the local parks. Butler Lake and Blueberry Hill are two of the many parks maintained by the city of Libertyville, and both offer a nice breath of fresh air.
Always stay fit! If you are looking to stay fit, there are plenty of opportunities available in Libertyville. Whether you want the variety offer by Amphibian Multisport or are looking for a gym membership to stay active like at Bodyworks Fitness & Spa, you will find what you need.
Enjoy the local entertainment! Staying entertained is also easy and the city has plenty to offer in that department. If you hope to catch a nice comedy show, the Improv Playhouse is always a great place to explore. If you want to just catch a movie, you should go to the Liberty Theater cinema.
Stay out late! Depending on your tastes, there are a variety of late night destinations to explore. Viva Le Vine is great if you are looking for a wine bar. If you want more of a standard atmosphere, check out the Island Tap Inc.