Rent to own Homes in Hobart, IN
Located in Lake County, Indiana, Hobart is a city with a population of around 29,000 according to the 2010 census. In its early history, Hobart was the homeland of the Pottawatomie Indians. An Englishman named George Earle invested in Lake County land and eventually constructed a dam for his sawmills and gristmills. The millpond later became known as Lake George and it remains a scenic backdrop for Hobart today. Incorporated as a town in 1889 and as a city in 1923, Hobart is a thriving community with six different business and industrial areas.
Hobart, IN is a great place for affordable rent-to-own homes! With a median household income of over $63,356 and a median rent of $979, the Hobart, 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 Hobart, 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.
More Hobart, IN Property Resources
Rent to own Homes in Cities Near Hobart, IN
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- Beecher
- Blue Island
- Burnham
- Burns Harbor
- Calumet City
- Calumet Park
- Cedar Lake
- Chesterton
- Chicago
- Chicago Heights
- Crete
- Demotte
- De Motte
- Dixmoor
- Dyer
- East Chicago
- Flossmoor
- Ford Heights
- Goodenow
- Griffith
- Hazel Crest
- Hebron
- Highland
- Hobart
- Homewood
- Lakes of the Four Seasons
- Lowell
- Markham
- Matteson
- Merrillville
- New Chicago
- Olympia Fields
- Park Forest
- Phoenix
- Portage
- Roselawn
- Salt Creek Commons
- Sauk Village
- Schererville
- Schneider
- Shorewood Forest
- South Chicago Heights
- South Haven
- Steger
- Thayer
- Thornton
- Valparaiso
- Whiting
- Winfield
Neighborhoods in Hobart, IN
No neighborhoods foundPopular Zip Codes in Hobart, IN
46342 rent to own homesBuying a Home in Hobart, IN
Hobart, IN is seeing rapid growth and Hobart, IN's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Hobart, 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 Hobart, IN
Median Rent in Hobart, IN
Top Four Reasons to Live in Hobart, IN
Take advantage of low housing costs! City Data shows the average cost of all housing in 2011 as $143,006. In the 2010 census, there were 12,399 housing units in Hobart at a density of around 393 per square mile. Whether you are looking for a cottage, luxury estate, rent to own home or a gated community lifestyle, you can most likely find your dream dwelling at an affordable price. Two popular local subdivisions are Barrington Ridge and Villages of Lake George.
There's great potential to start your own business! Anchored by a first-class shopping center, Westfield Southlake Shopping Mall, along the U.S. 30 Corridor, offers ample business opportunities. An industrial area on State Road 130 offers additional opportunities for businesses, and one of the oldest tenants is Midwest Service Center. NorthWind Crossings Business Industrial Park is another potential site for business interests. Hobart Chamber of Commerce helps local business owners to set up shop in the city. In all, there are six industrial and commercial areas in Hobart; that means it is a great place for shopping and it provides entrepreneurs with more choices for business locations.
Enjoy lower property tax rates! City data shows that the median real estate property taxes for housing units with mortgages was $1,840 in 2012 and the media real estate property taxes for a housing without a mortgage was $1,636. With all the cash you save on your house price and real estate property taxes, you'll have more money to enjoy the abundant entertainment and dining out. Head over to Anytime Fitness Center for a workout, or stop by Lake Park Restaurant, New Hong Kong Restaurant or T's Pizza on 3rd Street.
Take a stroll or spend a day at numerous city parks! This city is teeming with parks and outdoor activities. Amber Creek Park is a local favorite, providing a playground, shelter and a walking track. Arbor Lane Park offers a playground, while Brookview Park features a playground and shelter. Enjoy baseball or softball at City Ball Park and don't miss visiting the Doughboy Monument.