Rent to own Homes in Bethesda, MD
Flourishing Housing Market! Bethesda is one of the top housing markets, and it's fully recovered from the housing crash. Over the last six months, home sales in the city have surged to 25.4%, achieving a record level without a corresponding increase in housing prices--fabulous news for house hunters. Allegany County and Baltimore City are also benefactors of the recent housing surge, which includes a few rent to own investments.
Bethesda, MD is a great place for affordable rent-to-own homes! With a median household income of over $172,873 and a median rent of $2,075, the Bethesda, 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 Bethesda, 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 Bethesda, MD Property Resources
Rent to own Homes in Cities Near Bethesda, MD
- Alexandria
- Annandale
- Arlington
- Ashburn
- Bailey's Crossroads
- Braddock
- Burke
- Burke Centre
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Dickerson
- Difficult Run
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Flower Hill
- Forest Glen
- Fort Hunt
- Great Falls Crossing
- Hutchison
- Ijamsville
- Kincora
- Kingstowne
- Layhill
- Mantua
- Maryland Park
- Moorefield
- Moorefield Station
- Mount Vernon
- Navy
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- One Loudoun
- Potomac
- Rockville
- Sandy Spring
- Somerset
- Sugarland Run
- Travilah
- Union Mill
- Vienna
- Washington Navy Yard
Neighborhoods in Bethesda, MD
No neighborhoods foundBuying a Home in Bethesda, MD
Bethesda, MD is seeing rapid growth and Bethesda, MD's' housing market remains not optimal with an average home price that is 326% above the 2024 national average. Bethesda, 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 Bethesda, MD
Median Rent in Bethesda, MD
Top 14 Reasons to live in Bethesda, MD
Top Foodie Hub! This small-to-midsized city boasts over 250 restaurants, from contemporary American eats to Latin or French fare. Try Bistro Provence on Fairmont Avenue for delicate South of France cuisine or Jaleo Bethesda for special Spanish meals in a festive ambiance.
Most Rewarding Place to do Business! Bethesda prides itself on its profitable and enterprising retail market, which offers tax credits to firms that create jobs. The town's retail vacancy rate is at 4.5%, below the average for the country, which stands at 6.7%. Downtown's Apple Store, Barnes and Noble and Safeway Supermarkets contribute to the health of the commercial market.
Hottest Professionals! Several leading lifestyle magazines, including Total Beauty and Self, have, over the years, extended generous adulation on the residents of Montgomery County. Based on education, health, income and fitness, residents have received top billings as "hottest-guy cities" and "fittest women," among others. With gyms like Equinox and Crossfit Bethesda, there are plenty of places for residents to get their sweat on and keep looking good.
The Finest High-Value Homes! From classic Victorian homes to modern luxurious condos (and mansions!), Bethesda has lots to offer the discerning tastes of home-seekers. The median home value in this city is at an astounding 298.6% above the average for the entire country. Within Maryland, Bethesda's home value peaks at 135% higher than the state's average. Affluent neighborhoods in Rockville Pike and Pooke's Hill play a direct role in home value strength.
Dream Homes for House-Hunters! Bethesda is a homeowners' market, with 76% of residents owning their homes. The median asking price for homes in Woodmont and Drummond neighborhoods, for example, are at a stunning 392% above the state's average. This is not surprising given that personal income is also greatly above the national average. Rent to own homes and townhouses may offer more flexible payment terms for out-of-staters.
The Impressive Baltimore Symphony Orchestra: The BSO is one of the country's first orchestras, and delights with 30 performances annually. Patrons can view performances at the Music Center at Strathmore and Rockville's performance theater.
Explore Stimulating Poetry! The Writers' Center, an independent literary center in the cultural district of Bethesda, is comprised of 2,500 writers and editors who offer workshops on poetry and contemporary writing. Creative enthusiasts can check out locations in Bethesda Row or neighboring Leesburgh.
Spacious Comfort for Renters! Spacious rent to own houses are available for individuals who want maximum comfort. The median rental rate in Bethesda is 38.8% higher than the Maryland average. A vacancy rate of 8% indicates moderate housing opportunities for renters. Townhouses in the Fields of Bethesda and Westwood Tower may turn up a few promising leads.
Go Kayaking and Boating by the Lake! The city is surrounded by lakes and ponds, ideal for leisurely water activities. Go kayaking along the scenic Clopper Lake, located within Seneca State Park, or try fishing at the relaxing Kings Community Pond.
Explore any of the 30 Hiking Trails in the City! Hiking trails for all fitness levels are available from 30 picturesque starting spots. Heart-smart trails begin at Martin Luther King Park and Wheaton Regional Park.
Fun Sports-Bar Meetup! Enjoy your favorite games at one of the many trendy sports bars in town. Visit Miller's Ale House for big game retreats or Bailey's Sports Grille for a rowdy, good time.
Rocking Nightlife! Enjoy happy-hour specials at Clyde's of Chevy Chase, located in one of the most stylish neighborhoods, or chill out at Dave and Busters for great food and games.
T
ours for History Buffs! Fans of history will get a thrill out of Woodlawn Manor Museum, a living-history museum, or Bealle-Dawson Historic House Museum.