Rent to own Homes in Cloverly, MD
A census-designated place within Montgomery County, Maryland, Cloverly is an unincorporated town. Some of the residences within its 3.9 square miles claim nearby Silver Spring, Maryland, as their neighborhood but it is officially designated as Cloverly. Many people live in the suburbs of Montgomery County and commute to Washington D.C. Cloverly is prized by residents for its small town atmosphere, its many well-established neighborhoods, and its proximity to Washington, Bethesda and North Bethesda, MD.
Cloverly, MD is a great place for affordable rent-to-own homes! With a median household income of over $134,527 and a median rent of $1,742, the Cloverly, 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 Cloverly, 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 Cloverly, MD Property Resources
Rent to own Homes in Cities Near Cloverly, MD
- Alexandria
- Annandale
- Annapolis Junction
- Arlington
- Bailey's Crossroads
- Camp Springs
- Cedar Heights
- Cheltenham
- Chevy Chase
- Chevy Chase Village
- Clarksville
- Cooksville
- Curtis Bay
- Dayton
- Dunn Loring
- Falls Church
- Flower Hill
- Forest Glen
- Fort Hunt
- Fort Washington
- Four Corners
- Glenarden
- Greenbelt
- Halethorpe
- Hanover
- Kingstowne
- Konterra
- Lake Arbor
- Langley Park
- Layhill
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Melwood
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Potomac
- Rockville
- Sandy Spring
- Somerset
- Travilah
- Vienna
- Washington Navy Yard
- West Friendship
- Windsor Mill
- Woodbine
Neighborhoods in Cloverly, MD
Cloverly rent to own homesPopular Zip Codes in Cloverly, MD
No zip codes foundBuying a Home in Cloverly, MD
Cloverly, MD is seeing rapid growth and Cloverly, MD's' housing market remains not optimal with an average home price that is 136% above the 2024 national average. Cloverly, 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 Cloverly, MD
Median Rent in Cloverly, MD
Top 5 Reasons to Live in Cloverly, MD
Well-established neighborhoods! Cloverly has many older sections with well-established subdivisions. Good Hope Estates in Cloverly is one established subdivision with a variety of single-family dwellings, both older and newer. Those looking to build new construction might consult with an area construction company, such as Finish Werks Custom Green Builders, as well as with the city's planning board. Homes situated near area parks are popular, including Countryside Park, Columbia Park and Spencerville Park residential areas.
Lots of dining options! Ethnic cuisine abounds in Cloverly - choose from Lin's Chinese Restaurant, Kabob N' Karahi, Siriwan Thai, or Lin's Chinese Restaurant. If none of those strike your fancy, then drive over to Vocelli Pizza, Greek Islands Grill, Buffalo Wings and Beer, Pho Real Vietnamese, or Ricciuti's Restaurant for delicious fare.
Great business environment! Business owners may contact Maryland Women's Business Center and Maryland Small Business and Technology Development Center for guidance. Look into Business and Technology Law Group and Old Tacoma Business Association for assistance starting a business in town. Also check with Ricoh Business Solutions and Olney Chamber of Commerce for business services.
Fun things to do! Visit King's Salon and Spa for a refreshing respite. Take a tour of Montpelier Mansion, a restored 1780s mansion once visited by George Washington, and enjoy the museum pieces it showcases. Spend an afternoon playing ball, flying a kite, walking or reading a book in Layhill Park or Peachwood Park. There are also many shopping venues from which to choose, including Viers Mill Village Shopping Mall and Cloverly Village Shopping Center.
Large variety of housing! Within the area, you can find housing styles from condominiums to mansions, and from townhomes to single-family dwellings. Vacancy rates tend to be low, but with diligence you just might find a rent to own contract or an ambitious fixer-upper in this highly sought-after locale. Residential areas near Northwest Golf Course, Gun Powder Golf Course, Argyle Country Club and Cross Creek Golf Club (a public course) tend to be popular if you love to golf.