Rent to own Homes in College Park, MD
A Green Power Community, the City of College Park is ranked among the top sustainable topographies in the region. It is a major commercial hot spot with superior transportation networks that include the Capital Beltway, the Washington Metro Greenline and the College Park Airport -- the world's oldest airport and a historic landmark. The city's fascinating beginnings can be explored in the Calvert Hills Historic District, which is both a residential suburb and national landmark.
College Park, MD is a great place for affordable rent-to-own homes! With a median household income of over $68,825 and a median rent of $1,583, the College Park, 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 College Park, 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 College Park, MD Property Resources
Rent to own Homes in Cities Near College Park, MD
- Annapolis Junction
- Bensville
- Camp Springs
- Cedar Heights
- Cheltenham
- Clarksville
- Cooksville
- Damascus
- Dayton
- Difficult Run
- Flower Hill
- Fort Washington
- Four Corners
- Glenarden
- Great Falls Crossing
- Greenbelt
- Halethorpe
- Hanover
- Konterra
- Lake Arbor
- Langley Park
- Laytonsville
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Melwood
- Mitchellville
- Morningside
- National Harbor
- New Carrollton
- North Brentwood
- Parole
- Peppermill Village
- Queenland
- Sandy Spring
- Seat Pleasant
- Severna Park
- Silver Hill
- South Laurel
- Takoma Park
- Temple Hills
- University Park
- Upper Marlboro
- Washington Navy Yard
- West Friendship
- Wheaton
- White Plains
- Woodbine
Neighborhoods in College Park, MD
Old Town rent to own homes North College Park rent to own homes Calvert Hills Historic District rent to own homes College Park Woods rent to own homesPopular Zip Codes in College Park, MD
20741 rent to own homes 20740 rent to own homes 20742 rent to own homesBuying a Home in College Park, MD
College Park, MD is seeing rapid growth and College Park, MD's' housing market remains not optimal with an average home price that is 59% above the 2024 national average. College Park, 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 College Park, MD
Median Rent in College Park, MD
Top Reasons to Live in College Park, MD
Classic homes and modern condos at high values! From imposing Colonial-Revival styles to regal Arcadian designs, the city displays a rich collection of homes at equally attractive market values. The median home value in the city is 68.1 percent greater than the country's average. This is partly due to the scale of architectural homes that traverse Riversdale Park from the south of the city and extending to the city's north in Old Town College Park. With a vacancy rate at 1.7 percent, homeowners tend to prefer to invest and nestle right at home. Rent to own houses also offer another appealing option for home ownership.
Renters' paradise! The city's property development caters to a large rental population, which is 52 percent renter occupied. Townhouses and condos in Berwyn Heights and along Rhode Island Avenue provide excellent starting points for career seekers. Additionally, vacancy rates are at a flexible 9.7 percent, which allows renters a range of leasing options in several communities.
Swinging nightlife! On Tuesdays, it's reggae night at the Society Lounge in Silver Spring, a local club open nightly for dancing and dining. Another popular nighttime hub in the city is Looney's pub on Baltimore Avenue. This quintessential sports bar offers a mellow vibe, flowing drinks and assorted finger foods, including the deliciously spicy barbecue wings.
Cool activities that challenge your brain! Trapped In A Room With A Zombie on 51st Place is an awesome adventure-room challenge that forces players to make critical decisions in the midst of simulated danger. More adrenaline-rush activities are found to the east of the city, and Eppley Recreation Center is just the spot for a wide range of indoor fitness challenges.
The ultimate cafe! Savor Ethiopian-brewed hot coffee or hot chocolate with a guava cream cheese tart, which are some delightful must-haves at Shortcake Bakery on Rhode Island Ave. Just as delectable is Heaven's Bakery in Greenbelt, known for irresistible strawberry shortcake, almond butter crunch and of course, a delicious mocha.
Awe-inspiring historic places! Tour the Riversdale Museum, a restored architectural home of one of the founding pioneers of the city. The Rossborough Inn is another historical monument on Baltimore Ave. that provides insight to the city's development.