Rent to own Homes in Dyer, IN
Part of the St. John Township in Lake County, Dyer offers residents small town appeal and a surprising amount of everyday activities for visitors and locals alike. The town includes an area of only 6.1 square miles and has a population of just over 16,000. In 2005, the city actually placed 97th in Money Magazine out of the "100 Best Places to Live in the US," which is quite an accomplishment for a city of its size.
Dyer, IN is a great place for affordable rent-to-own homes! With a median household income of over $86,117 and a median rent of $1,191, the Dyer, IN 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 Dyer, IN. 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.
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Rent to own Homes in Cities Near Dyer, IN
- Alsip
- Blue Island
- Burnham
- Calumet City
- Calumet Park
- Cedar Lake
- Chicago Heights
- Country Club Hills
- Crestwood
- Crete
- Demotte
- Dyer
- East Chicago
- Evergreen Park
- Flossmoor
- Ford Heights
- Frankfort
- Frankfort Square
- Goodenow
- Griffith
- Hebron
- Highland
- Hobart
- Hometown
- Homewood
- Lakes of the Four Seasons
- Manteno
- Markham
- Matteson
- Merrionette Park
- Midlothian
- Mokena
- New Chicago
- Oak Forest
- Orland Park
- Palos Heights
- Park Forest
- Peotone
- Phoenix
- Portage
- Roselawn
- Sauk Village
- Schneider
- Shorewood Forest
- South Chicago Heights
- Steger
- Thayer
- Thornton
- Tinley Park
- Worth
Neighborhoods in Dyer, IN
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No zip codes foundBuying a Home in Dyer, IN
Dyer, IN is seeing rapid growth and Dyer, IN's' housing market remains not optimal with an average home price that is 5% above the 2024 national average. Dyer, IN 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 1.37% which is above the national average, which is 0.99%.
Median Home Price in Dyer, IN
Median Rent in Dyer, IN
Top 6 Reasons to Live in Dyer, IN
Enjoy a pleasantly sophisticated transportation system! One of the most difficult challenges for many small towns is transportation. In Dyer, residents enjoy the regional access provided by US Route 30, and also benefit from the Amtrak station on Sheffield Avenue.
A booming real estate market! The average price of real estate in Dyer is considerably higher than the rest of Indiana, with the average resting at about $198,000. Though this does mean that most homes for a sale are a bit more expensive, it also brings with it a sense of future security in the market. If mortgage costs seem high, there are rent to own homes available as well. The two major neighborhoods to look at are Joliet St/Hart St and Town Center.
Plenty of rental units available! Another option for those who do not wish to buy property of their own is to find a rental unit, where the average price is around $900. Though apartments may not be the first thing that comes to mind in a city of this size, there is plenty of variety if you know what you are looking for. The major complex in the area is Dyer Apartments, though Barberry Apartments is another popular option.
Gheck out the local culture! The Oak Tree Gallery offers residents a beautiful art gallery with a variety of different exhibits available. While you're in the area, Meyer's Castle is another notable local attraction.
Spend a night out on the town! The local Vino Tini Cocktail Lounge is a favorite destination in Dyer that offers night goers specialty martinis at a good price. If you would prefer a nice beer, The Engine Room Ale House is another popular watering hole.
Participate in community events! Like any community of its size, Dyer hosts a variety of local events to enjoy. The Holiday Shopping Spree & Craft Show takes place in late November to celebrate the season. Each summer, the town holds Summerfest, which gives residents a five day festival to kick off the season.