Rent to own Homes in Aspen Hill, MD
Appreciation rates are increasing. Appreciation rates in Aspen Hill have increased by 2.58%, which means that buying a home here is a good investment. Look around for rent to own homes or houses for sale where you won't be far from attractions, such as the Clarice Smith Performing Arts Center and Discovery Communications.
Aspen Hill, MD is a great place for affordable rent-to-own homes! With a median household income of over $87,987 and a median rent of $1,683, the Aspen Hill, MD 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 Aspen Hill, MD. 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 Aspen Hill, MD Property Resources
Rent to own Homes in Cities Near Aspen Hill, MD
- Alexandria
- Annandale
- Annapolis Junction
- Arlington
- Bailey's Crossroads
- Burke
- Camp Springs
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Clarksville
- Cooksville
- Dayton
- Dickerson
- Difficult Run
- Dulles Town Center
- Dunn Loring
- Fairfax
- Falls Church
- Floris
- Flower Hill
- Forest Glen
- Fort Hunt
- Fort Washington
- Four Corners
- Glenarden
- Great Falls Crossing
- Hanover
- Hutchison
- Ijamsville
- Kingstowne
- Layhill
- Mantua
- Maryland Park
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Sandy Spring
- Somerset
- Sugarland Run
- Travilah
- Vienna
- Washington Navy Yard
- West Friendship
- Windsor Mill
- Woodbine
Neighborhoods in Aspen Hill, MD
No neighborhoods foundBuying a Home in Aspen Hill, MD
Aspen Hill, MD is seeing rapid growth and Aspen Hill, MD's' housing market remains not optimal with an average home price that is 97% above the 2024 national average. Aspen Hill, MD is part of Montgomery 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 Montgomery is 0.76% which is below the national average, which is 0.99%.
Median Home Price in Aspen Hill, MD
Median Rent in Aspen Hill, MD
Top 10 Reasons to Live in Aspen Hill
Real estate values are rising. The average rent to own a house value in 2011 was approximately $386,300, more than doubling since the year 2000 when it stood at $186,000. The Maryland average in 2011 was approximately $287,000. With your mind at peace, relax at the Green Spring Gardens Park and at the Algonkian Regional Park.
Educational experiences. Sharpen your general intelligence skills at the National Museum of Health and Medicine, and learn the fascinating history of trolleys at the National Capital Trolley Museum.
Health-conscious neighborhoods. Aspen Hill holds various top spots when it comes to health. As of 2011, it holds the #2 spot on the Top 101 Counties list with the best general health status level of residents, the #18 place with the highest number of residents visiting a dentist in the past year and #21 with the highest number of residents who made regular exercise a priority. When you decide to rent to own in Aspen Hill, keep your heart steadily beating while walking across various trails that dot the city, including Capital Crescent Trail and the Carl Henn Millennium Trail.
Convenient dining options. When you don't have time to cook or just want a night out, stop at Five Guys Burgers and Fries or Silver Fountain for some tasty dim sum.
Variety of real estate options. With a renter-occupied rate of 32% and an owner-occupied rate of 63%, you'll find plenty of housing options in Aspen Hill. Check around Hewitt Ave. or Bel Pre Rd. to see what's for sale or for rent.
Tone those muscles by biking or walking. Explore the numerous city trails, including the Anacostia River Trail and the 11-mile BWI Trail.
Relax at the park. Lounge on the greens at the Great Falls Park, overlooking the Potomac River, or have a picnic at Aspen Hill Local Park.
Great for renters. The average rent price for Aspen Hill is around $1,400, which is reasonable for this part of Maryland. Look around Norbeck Rd. or Georgia Ave. for available properties.
Appreciate the magic of science. In Aspen Hill, the marvels of science are best appreciated at the Marian Koshland Science Museum and at the Goddard Space Flight Center.