Rent to own Homes in Columbia, MD
Columbia is a planned town situated in Howard County, Maryland. It is located about 20 miles outside of Baltimore. There are a number of other suburban, residential communities scattered around the area. Columbia is surrounded by Elkridge to the east, Laurel to the south and Ellicot City to the north. Columbia's plan was created by James W. Rouse in 1963. Since its beginnings, it has developed into a selection of village centers with a small-town atmosphere. So, if you're looking for a quaint, quiet place to have a rental, ownable, or rent to own house, Columbia is a great option.
Columbia, MD is a great place for affordable rent-to-own homes! With a median household income of over $111,278 and a median rent of $1,733, the Columbia, 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 Columbia, 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 Columbia, MD Property Resources
Rent to own Homes in Cities Near Columbia, MD
- Annapolis Junction
- Burnt Mills
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Clarksville
- Cooksville
- Curtis Bay
- Dayton
- Forest Glen
- Four Corners
- Glenarden
- Greenbelt
- Halethorpe
- Hanover
- Hunt Valley
- Konterra
- Lake Arbor
- Langley Park
- Layhill
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Mayo
- Mitchellville
- Naval Academy
- New Carrollton
- North Bethesda
- North Brentwood
- North Chevy Chase
- North Kensington
- Parole
- Peppermill Village
- Phoenix
- Rockville
- Sandy Spring
- Seat Pleasant
- Severna Park
- South Laurel
- Sparrows Point
- Takoma Park
- University Park
- Washington
- West Friendship
- Wheaton
- White Oak
- Windsor Mill
- Woodbine
Neighborhoods in Columbia, MD
River Hill rent to own homes Kings Contrivance rent to own homes Owen Brown rent to own homes Harpers Choice rent to own homes Hickory Ridge rent to own homes Fairway Hills rent to own homes Oakland Mills rent to own homes Wilde Lake rent to own homes Downtown Columbia rent to own homes Long Reach rent to own homesPopular Zip Codes in Columbia, MD
21046 rent to own homes 21045 rent to own homes 21044 rent to own homesBuying a Home in Columbia, MD
Columbia, MD is seeing rapid growth and Columbia, MD's' housing market remains not optimal with an average home price that is 77% above the 2024 national average. Columbia, MD is part of Howard 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 Howard is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Columbia, MD
Median Rent in Columbia, MD
Top Reasons to Live in Columbia MD
Housing Statistics The median sales price for houses in Columbia, for May 13 to July 13 and based on 257 unique sales, was $294,900. This shows a total drop of 1.6% ($4,850) in comparison to last year. The average price per square foot currently sits at $186 - which reveals a drop of 2.6% when comparing it with the year prior. As it stands, there are a total of 235 new homes and resale homes available, 169 of which are pre-foreclosure, in the auction-stage, or owned by the bank. The average listing price currently sits at $369, 264 (for August 07) - revealing a rise of 1.3% in comparison to the previous week. $.07% of homes in the area are vacant, while 32.52% of residents are renters. Local Events and Festivals
School Systems Columbia boasts a wide selection of schools across the area. Both public and private schools maintain a high standard within the town. There is a good selection of primary, elementary and high schools in Columbia, accommodating different geographical and educational specialty areas. Some of the biggest and most popular public elementary schools in town include Wilde Lake Middle School, Cradlerock and Running Brook Elementary. Private elementary schools include the Columbia Academy. Some of the most popular high schools in Columbia are the Atholton High School, Wilde Lake High School and Oakland Mills.
Local Shopping The local shopping scene in Columbia offers a plethora of opportunities to find just what you want. The Mall just off Little Patuxant Parkway is an excellent place to find high-end department stores like Lord & Taylor. Here, visitors will also find an array of gift shops, dining options and a movie theater. Other shopping centers in the town include the Dobbin Center, the Joseph Square Shopping Center and the Oakland Mills Shopping Center. A highly recommended stop-off while shopping is Second Edition Books & Music - a quirky and pleasant little used book store where shoppers can find books, CDs, DVDs and records.
Local Restaurants Columbia also offers a range of exciting dining options for locals and visitors. Maiwand Kabob offers some of the best kabobs that money can buy -- definitely the best in the area. Also check out Sushi King for some fantastic Japanese food. Owned by the same family is Sushi Sono. For vegetarians, Columbia's Best Deli - with a rather telling name -- is a favorite. Azul 17 is a Mexican restaurant found off Snowden River Parkway, and it offers traditional Mexican food, drinks and awesome salsa.