Rent to own Homes in Bowie, MD
Convenient Location! Bowie is located in a section of Calvert County that is close to Prince George's and Montgomery counties. As a large number of people living in the region work in D.C., it also doesn't hurt that the Capitol is only 35 minutes away.
Bowie, MD is a great place for affordable rent-to-own homes! With a median household income of over $116,796 and a median rent of $1,937, the Bowie, 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 Bowie, 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 Bowie, MD Property Resources
Rent to own Homes in Cities Near Bowie, MD
- Adelphi
- Alexandria
- Annapolis
- Aquasco
- Arbutus
- Arden on the Severn
- Arlington
- Arnold
- Aspen Hill
- Baden
- Bailey's Crossroads
- Baltimore Highlands
- Beltsville
- Berwyn Heights
- Bethesda
- Bladensburg
- Bowie
- Brandywine
- Brentwood
- Brooklyn Park
- Bryantown
- Burtonsville
- Calverton
- Cape St. Claire
- Catonsville
- Cedarville
- Chevy Chase
- Chevy Chase Village
- Colmar Manor
- Columbia
- Cottage City
- Crownsville
- District Heights
- Elkridge
- Ferndale
- Forest Glen
- Fort Hunt
- Harwood
- Ilchester
- Kensington
- Lanham
- Largo
- Layhill
- Mount Vernon
- North Bethesda
- North Chevy Chase
- North Kensington
- Rockville
- Shady Side
- Somerset
Neighborhoods in Bowie, MD
No neighborhoods foundPopular Zip Codes in Bowie, MD
20717 rent to own homes 20718 rent to own homes 20715 rent to own homesBuying a Home in Bowie, MD
Bowie, MD is seeing rapid growth and Bowie, MD's' housing market remains not optimal with an average home price that is 61% above the 2024 national average. Bowie, MD is part of Prince George's 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 Prince George's is 0.98% which is below the national average, which is 0.99%.
Median Home Price in Bowie, MD
Median Rent in Bowie, MD
Top 11 Reasons to Live in Bowie
Home ownership opportunities! Almost 90% of residences in Bowie are owner occupied, so you shouldn't have trouble finding rent to own houses here or ones you can buy outright. Check out the areas around Idlewild Dr. and Annapolis Rd. for some ideas.
Established homes! More than 50% of the houses here were built from 1970-1999, so if you like to live in an established home that is not too old or not too new, you can have your pick. Start your search around the Hardesty or Woodmoore neighborhoods.
Growing Community! Since 2000, Bowie's population has increased 11.7% A great deal of new construction has happened since, particularly in the Church Road section of the city. If you're looking for rent to own homes, try Holmehurst.
Stop and Shop! Bowie has 5 shopping centers within its boundaries. Shop until you drop at places like Free State, Hill Top Plaza, Pointer Ridge, The Market Place, and Collington Plaza. There are also plenty of specialty markets and boutiques around town, ensuring that you can find exactly what you're looking for.
Employment Opportunities! Bowie's unemployment rate is less than Maryland's state average and the city's expansion might have a bit to do with that. Home improvements and new construction in the 214 corridor (also known as Central Avenue) have not only increased rent to own housing options, but also employment in the construction industry.
Entertainment! Take in a movie at Regal Cinemas Bowie 14 or host a party at Joyful Jumps.
Exquisite Eateries! If you've got a craving for a particular type of food, the odds are great that you can find it in Bowie. Anything from quick take out to fine dining abounds in the Bowie area. Check out Grace's Restaurant or Old Bowie Town Grille, both named to The Gazette Newspapers top area eateries.
Affordable Living! Based on 2011 figures, median rent in Bowie is $1756 per month, as opposed to nearby Mitchellville that has a median rent of $1935 per month. Whether you're looking to rent, rent to own, or buy, Bowie is a viably affordable option. Central Ave. and Crain Hwy have some good choices.
Green! The Environmental Advisory Committee and the Green Team Executive Committee are committed to keeping the city "green" and hosts movie nights that screen environmentally conscious films that are open to the public.
Artistically Friendly! Bowie is a city that celebrates artistic innovation and vision. Every year, the city offers an Education and Arts scholarship to area high-school students to help encourage artistic and intellectual success. The City of Bowie Arts Grants gives an award of up to $6,000 to those who can develop an interactive arts project for Bowie residents.