Rent to own Homes in Edgewood, MD
Settled in 1608 by Captain John Smith, Edgewood is a growing city in Harford County with a population estimated at 24,000. Notable for its picturesque location on the Chesapeake Bay, Edgewood offers some of the most fertile fishing ground in the region and is known for its delectable seafood restaurants. Today, Edgewood is a vibrant community that features numerous residential neighborhoods, several shopping centers and meticulously maintained historic buildings.
Edgewood, MD is a great place for affordable rent-to-own homes! With a median household income of over $68,420 and a median rent of $1,180, the Edgewood, 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 Edgewood, 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 Edgewood, MD Property Resources
Rent to own Homes in Cities Near Edgewood, MD
- Aberdeen
- Aberdeen Proving Ground
- Abingdon
- Airville
- Baldwin
- Bel Air
- Bel Air North
- Bel Air South
- Belcamp
- Betterton
- Bowleys Quarters
- Cecilton
- Charlestown
- Chesapeake City
- Chesapeake Landing
- Chestertown
- Churchville
- Colora
- Darlington
- Delta
- Earleville
- Edgewood
- Elkton
- Fairlee
- Fallston
- Fawn Grove
- Forest Hill
- Georgetown
- Glasgow
- Glen Arm
- Havre de Grace
- Holtwood
- Honeygo
- Hydes
- Jarrettsville
- Joppa
- Joppatowne
- Kennedyville
- Kingsville
- New Providence
- Nottingham
- Perryman
- Pleasant Hills
- Quarryville
- Still Pond
- Street
- Tolchester
- Upper Falls
- Whiteford
- White Marsh
Neighborhoods in Edgewood, MD
No neighborhoods foundPopular Zip Codes in Edgewood, MD
21040 rent to own homesBuying a Home in Edgewood, MD
Edgewood, MD is seeing rapid growth and Edgewood, MD's' housing market remains optimal with an average home price that is -16% below the 2024 national average. Edgewood, MD is part of Harford 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 Harford is 0.86% which is below the national average, which is 0.99%.
Median Home Price in Edgewood, MD
Median Rent in Edgewood, MD
Top 5 Reasons to Live in Edgewood, MD
Rising home values! Given that buying or renting a home is much like buying a stock where you want to buy low and sell high, it is important to purchase in a city where the home value is on the rise. Not only has the median home value in Edgewood increased 4.7 percent in the past year to $154,000, but also it is expected that this figure will continue to grow at one percent in the next year. Great rent to own homes are available in Crestwood Acres and McComas.
Less expensive than neighboring towns! More homes for less money are available in Edgewood. Compared to nearby communities like Kingsville, where the median sale price is $387,538 and Bel Air at $302, Edgewood is a true bargain with a median sale price of only $145,050. Check out neighborhoods like Saint Peters Ct and Albantowne Way for the best deals.
Historical landmarks! Head to Pooles Island Light in Edgewood to see the oldest surviving lighthouse in Maryland. First lit in 1825, visitors to the site can see the lighthouse from afar, but cannot approach because the land used to be a training facility for the US military. For a walk through history, head to Old Edgewood Road to see landmarks like the town's first post office and the oldest store in the city.
Delicious cuisine! Nothing beats a delicious meal at a local restaurant, so check out the food served at The Deck. Known for their outside seating and delicious crab legs, The Deck is the perfect place to spend a lazy afternoon. For a little spice, get your mouth watering at the sight of the food served at the Island Spice Jamaican Restaurant.
Activities for any resident! Located directly on the Chesapeake Bay, the Flying Point Park offers the best fishing in the city and numerous trails for walking, hiking or biking. For more traditional sports like baseball, lacrosse and basketball go to the Edgewood Recreation and Community Center to sign up for an adult or youth league.