Rent to own Homes in Elkton, MD
Situated in the northeast corner of Maryland, with the tip of the Elk River on one side and the Delaware state border on the other, Elkton is home to over 15,400 residents. Formerly known as the "Gretna Green of the West" and the "Marriage Capital of the World," the town has since calmed down a bit, but still has plenty to offer. Nestled in between the major cities of Philadelphia, Baltimore, and Newark, Delaware, Elkton has a convenient location.
Elkton, MD is a great place for affordable rent-to-own homes! With a median household income of over $54,871 and a median rent of $1,097, the Elkton, 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 Elkton, 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 Elkton, MD Property Resources
Rent to own Homes in Cities Near Elkton, MD
- Alloway
- Arden
- Ardentown
- Avondale
- Bear
- Carneys Point
- Cecilton
- Chadds Ford
- Charlestown
- Chesapeake City
- Claymont
- Cochranville
- Colora
- Delaware City
- Dilworthtown
- Earleville
- Elkton
- Elsmere
- Galena
- Garnet Valley
- Glasgow
- Hamorton
- Hancocks Bridge
- Havre de Grace
- Landenberg
- Massey
- Middletown
- Millington
- New Castle
- Newport
- North East
- Nottingham
- Pedricktown
- Penns Grove
- Pennsville
- Pike Creek
- Pike Creek Valley
- Port Penn
- Rising Sun
- Salem
- Smyrna
- St Georges
- Still Pond
- Thornton
- Townsend
- Warwick
- West Grove
- Wilmington
- Winterthur
- Yorklyn
Popular Zip Codes in Elkton, MD
No zip codes foundBuying a Home in Elkton, MD
Elkton, MD is seeing rapid growth and Elkton, MD's' housing market remains optimal with an average home price that is -3% below the 2024 national average. Elkton, MD is part of Cecil 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 Cecil is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Elkton, MD
Median Rent in Elkton, MD
6 Great Reasons to Consider Elkton, Maryland
A thriving art scene! You can learn artistic techniques at Art Space on Main, or participate in workshops and see exhibits from local artists at The Palette and The Page, which represent over 40 local artists. All these venues are part of the Arts & Entertainment District, which has helped to revitalize downtown Elkton.
Larger, modern housing! Over 61% of the housing units in Elkton are 3+ bedrooms, and nearly 86% of the homes are post-war construction. This translates to many homes that are adequate in size and feature modern touches, giving you plenty to choose from. Check out single-family homes for sale in the Patriot's Glen or rent to own homes in the Colonial Acres area.
Enjoy the bay life! Sitting at the head of the Elk River, Elkton is close to all the wonders of the Chesapeake Bay. This great watershed offers boating, fishing, crabbing, natural areas to hike in, and much more. Go for a day hike in Elk Neck State Forest, or fish and camp at Elk Neck State Park.
Renter-friendly market! Renters occupy 46% of the housing units in Elkton, with the median monthly rent sitting around $765 per month. The town is accustomed to renters, given its desirable location for those who would rather commute to the larger cities. Start your search for rental homes in communities such as the Pine Valley Apartments or The Villages at Belle Hill.
Main Street Elkton shopping The brick-trimmed sidewalks of Elkton are home to locally owned and run shops featuring anything you might need - and some things you might never have thought you'd need. Check out Belle Connell's Emporium for the weird and wonderful, Colonial Jewelers of Elkton, Twice Loved Maternity, and many more. Take a load off in the beautiful public garden outside the Cecil County Circuit Courthouse.
Lots of seafood options! The bounty of the Bay features in restaurants throughout the region, with restaurants such as BnB Seafood and Woody's Crab House serving up the famed Maryland blue crab, alongside other fare. If you don't like seafood, there's plenty more to choose from, such as upscale American fare at Baker's Restaurant or some straight-from-the-bayou Cajun and Creole cooking at Po-Boy's.