Search all the latest Rent to Own Homes in Gary In 46408. There are more than 25 rent to own homes currently on the market. Try out homes and neighborhoods without the buying commitment by choosing a rent to own property. It’s a simple process with the homeowner, you start out as a renter, and then purchase the property when you're financially ready to apply for a home loan with a local bank. The rent-to-own process allows new home buyers with poor credit scores, or who lacks the down-payment required by the bank, the opportunity to live in their home while working on improving their credit and saving funds.
Remember, not all sellers in Gary In 46408 will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 25 rent to own homes currently on the market, below.
Gary is a city in Lake County, Indiana, United States, 25 miles (40 km) from downtown Chicago, Illinois. Gary is adjacent to the Indiana Dunes National Park and borders southern Lake Michigan. Gary was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation. The city is known for its large steel mills, and as the birthplace of the Jackson 5 music group.
The population of Gary was 80,294 at the 2010 census, making it the ninth-largest city in the state of Indiana. It was a prosperous city from the 1920s through the mid-1960s due to its booming steel industry, but overseas competition and restructuring of the steel industry resulted in a decline and a severe loss of jobs.
Since the late 1960s, Gary has suffered drastic population loss, falling by 55 percent from its peak of 178,320 in 1960. The city faces the difficulties of many Rust Belt cities, including unemployment, decaying infrastructure, and low literacy and educational attainment levels. It is estimated that nearly one-third of all houses in the city are unoccupied or abandoned.
Gary, Indiana, was founded in 1906 by the United States Steel Corporation as the home for its new plant, Gary Works. The city was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation.
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