Rent to own Homes in Niles, IL
Niles is located in Cook County, Illinois and has a 2010 population of 29,803. One of the fastest growing cities in the state, Niles has a thriving economy led by local employers like W.W Grainger, Shure and the Bradford Exchange. Niles is known for several landmarks like the Leaning Tower of Niles, a replica of the Leaning Tower of Pisa and the St. Aldabert Cemetery, the final resting place for many local celebrities.
Niles, IL is a great place for affordable rent-to-own homes! With a median household income of over $63,490 and a median rent of $1,133, the Niles, 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 Niles, 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 Niles, IL Property Resources
Rent to own Homes in Cities Near Niles, IL
- Addison
- Alsip
- Bannockburn
- Barrington
- Bedford Park
- Bensenville
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burr Ridge
- Cicero
- Clarendon Hills
- Countryside
- Deer Park
- Des Plaines
- Elk Grove Village
- Evanston
- Forest Lake
- Forest View
- Glencoe
- Golf
- Green Oaks
- Harwood Heights
- Hawthorn Woods
- Highland Park
- Highwood
- Indian Creek
- Indian Head Park
- Kildeer
- Knollwood
- Libertyville
- Lincolnshire
- Lincolnwood
- Mettawa
- Morton Grove
- Mundelein
- Niles
- Northbrook
- North Riverside
- Oakbrook Terrace
- Palatine
- Palos Park
- Park City
- Park Ridge
- River Forest
- Riverwoods
- Western Springs
- Wheeling
- Worth
Neighborhoods in Niles, IL
No neighborhoods foundPopular Zip Codes in Niles, IL
60714 rent to own homesBuying a Home in Niles, IL
Niles, IL is seeing rapid growth and Niles, IL's' housing market remains not optimal with an average home price that is 33% above the 2024 national average. Niles, 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 Niles, IL
Median Rent in Niles, IL
6 Reasons to Live in Niles, IL
Rising home values! In just one year, home values have risen nearly 13 percent to $258,500 and this figure is predicted to continue to grow by five percent in 2015. Take advantage of instant equity by looking to purchase a rent to own home in a neighborhood like West Bruce Drive and North Milwaukee Ave.
Low sales prices! The median sales price of homes in Niles is $241,900, which is very low when compared to nearby towns like Glenview at $542,750 and Park Ridge at $373,750. Great deals are available in neighborhoods like West Sunset Road and North Oconto Drive.
A foodie's paradise! If food is your passion, then you will love living in Niles. Gourmet hot dogs may seem like a misnomer, but at Portillo's Hot Dogs they are the real deal. Opt for a dog with their homemade chili and prepare to be blown away. For upscale dining, make your way to the Howard Street Inn where the intimate setting is perfect for a romantic evening.
Great golfing! Niles is home to one of the largest golf exclusive stores in the state, the Golf Mill Shopping Center, and also has several public and private courses. Although not the most challenging, the Tam O'Shanter Golf Course offers nine holes of enjoyable play that is perfect for a new or intermediate player.
Free transportation! Getting around the city has never been easier thanks to the Niles Free Bus. Running from 8:30 AM to 6:30 PM on weekdays and 11:30 AM to 6:30 PM on weekends, the bus provides free rides to public facilities, local residences and stores in the area. Or, stop by Amlings Cycle to explore the city and nearby trails via bike.
Numerous events! T he annual Christmas festival in Niles welcomes in the holiday season every December. In order to encourage a green lifestyle, the city hosted its first annual Bike Niles Festival in 2013.