Rent to own Homes in Oak Forest, IL
Oak Forest most accurately described this area back in the 1880s. Since then, this active suburb just 24 miles south of Chicago has become a great place to live, boasting excellent facilities and affordable neighborhoods. On the other hand, for those in search of a real oak forest, there are 640 acres of nature to explore and enjoy within the city limits.
Oak Forest, IL is a great place for affordable rent-to-own homes! With a median household income of over $78,865 and a median rent of $1,095, the Oak Forest, 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 Oak Forest, 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.
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Rent to own Homes in Cities Near Oak Forest, IL
- Andres
- Beecher
- Blue Island
- Burnham
- Calumet City
- Cedar Lake
- Chicago Heights
- Country Club Hills
- Crestwood
- Crete
- Crown Point
- Dixmoor
- Dolton
- Dyer
- East Chicago
- East Hazel Crest
- Evergreen Park
- Flossmoor
- Ford Heights
- Frankfort
- Frankfort Square
- Gary
- Glenwood
- Goodenow
- Grant Park
- Griffith
- Hammond
- Harvey
- Hazel Crest
- Highland
- Hobart
- Homer Glen
- Homewood
- Joliet
- Lake Dalecarlia
- Lake Station
- Lansing
- Lemont
- Lockport
- Lowell
- Lynwood
- Manhattan
- Marley
- Merrillville
- Munster
- New Chicago
- New Lenox
- Schererville
- St. John
- Whiting
Neighborhoods in Oak Forest, IL
Oak Forest rent to own homesPopular Zip Codes in Oak Forest, IL
60452 rent to own homesBuying a Home in Oak Forest, IL
Oak Forest, IL is seeing rapid growth and Oak Forest, IL's' housing market remains optimal with an average home price that is -7% below the 2025 national average. Oak Forest, 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 2025 for county Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Oak Forest, IL
Median Rent in Oak Forest, IL
5 Reasons to Move to Oak Forest, IL
Safe in the woods! Cook County Forest Preserve has more than 20 miles of looped trails for hikers, bikers, campers and nature lovers. It's a perfect place for a quiet fishing weekend or an intense outdoor workout. In addition, Chicago Gaelic Park offers another 50 acres of greenery set aside for special festivals and events throughout the year. Best of all? No matter where you live in Oak Forest or what trail you venture on, you'll be safe and sound! After all, the crime rate here is less than half the national average.
A great deal in store. Oak Forrest is made up of two major neighborhoods for homes are the Fieldcrest neighborhood and Forestview Hills neighborhoods. The number of grocery stores and convenience stores per block are much higher than the Illinois state average. A brand new Metra station can take residents into the Loop in minutes for even more shopping opportunities in the Windy City.
Worth every penny! The estimated median rent to own home in Oak Forest is about $179,000, just above the state average of $170,600. If you make the move, though, you'll be glad you did. After all, you'll have easy access to the nearby Fresenius Medical Care Center.
Sports and entertainment! Cicero Avenue has become a bustling entertainment district dotted with neighborhood pubs and popular restaurants. Nearly five acres of additional retail shops are now under development along the Avenue. Meanwhile, the nearby George W. Dunne National Golf Course draws sports enthusiasts to a full 18 holes, tree-lined course that Golf Digest has selected as one of the best public courses in the nation.
Phantom central! Ghost hunters are known to haunt Bachelors Grove Cemetery in the Rubio Woods Forest Preserve. On full moons, the ghost of the "white madonna" stalks the ancient headstones, the legends say. Nearby a phantom farmhouse shimmers and floats in the night sky. Most notably, "the woman on the grave" is one of the few ghosts who has allowed itself to be photographed for the Chicago Sun-Times.
