Rent to Own Homes in Belleville
Belleville is approximately 300 miles from Chicago, 240 miles from Indianapolis, and 250 miles from Louisville, KY. The closest big city is, of course, the Gateway City, St. Louis, just across the river.The below results are primarily rent to own homes in St. Clair County, IL:
Belleville is approximately 300 miles from Chicago, 240 miles from Indianapolis, and 250 miles from Louisville, KY. The closest big city is, of course, the Gateway City, St. Louis, just across the river.The below results are primarily rent to own homes in St. Clair County, IL:
The Belleville Historic District landed on the National Register of Historic Places in 1976. About 70 buildings in this area represent residential development from the 1830s to 1900. Many German immigrants settled in Belleville in the 19th century, so the architecture in this area has a definite German style, quite unique in the entire state of Illinois.
This small city in the Land of Lincoln also boasts the second oldest philharmonic orchestra in the nation, the Belleville Philharmonic Society, which was founded in 1866.
Buying a Home in Belleville
The median home price in Belleville is about $79,000, and luxury homes can be had for as little as $200,000. There are approximately 40 schools in the city, both public and private, with ratings (from GreatSchools) ranging from 1 to 8 out of 10. So parents or those planning families should do their homework when shopping for a neighborhood to settle in. 41.2% of the population is married, and the average age is 37.1. Recent job growth in Belleville is slightly ahead of the national average, while the amount paid in income taxes is slightly lower.
Popular Neighborhoods in Belleville
On the west side of Belleville is the area known as Signal Hill. This is comprised mainly of medium- to small-sized single family homes in well-established neighborhoods. An upper-middle class area, the median cost of a home here is $168,500. Streets feature broad, grassy medians, and the grand Mississippi is visible from the bluffs.
The Rentchler neighborhood, on the east side of Belleville, is ranked among the best neighborhoods for families in Illinois. Top schools, owner-occupied single-family homes, and a low crime rate combine to make this a perfect place to call home. The median home price is $276,000, and it’s in the top 6% in terms of income in the entire country. A high proportion of homes in this area were built after 2000.
Buying vs. Rent to Own Homes
Belleville may already be enticing you with its proximity to thriving St. Louis and low cost of living. Getting financing for a home, however, is a complicated process and requires both pre-qualification and cash up front. If you’re not quite ready for that step, don’t lose heart. There is another option. Many are taking advantage of rent-to-own options. Renters agree to live in a home for a specified period of time and, after that time expires, they have the option to buy. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a win-win for everyone: Money in the owner’s pocket, and the possibility of owning a home for the tenants.
Cost of Living in Belleville
Compared to the national average, Belleville isn’t as tough on your wallet as most other places. Health care, groceries, transportation, clothing, restaurants, and entertainment all come in at 1-3% below the national average. But the cost of housing in Belleville may just be the trump card; it’s nearly 60% below the national average. Overall, the cost of living in Belleville is an impressive 20% less than the average cost of living in the United States.
Summary
If you are looking for a well-established city with family-friendly neighborhoods, affordable housing, and a stone’s throw from one of America’s great cities, Belleville may fit the bill. It sits on the nation’s greatest waterway, the Mississippi. Easy-to-access interstates connect it with other major Midwest cities such as Chicago, Indianapolis, Kansas City, and Louisville.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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