Rent to own Homes in Gaithersburg, MD
Capital living. Gaithersburg's location is just northwest of Washington, DC, and it is a suburb and primary part of the District of Columbia Metropolitan Statistical Area. Because Gaithersburg is located midway between Washington and Baltimore, you will be pleased to find rent to own houses here if you enjoy living between some major cities.Lots of renters. Around 43% of the homes here are renter occupied. So whether you look for rentals or rent to own properties in areas like Darnestown or Woodfield, you should be able to find what you need.
Gaithersburg, MD is a great place for affordable rent-to-own homes! With a median household income of over $91,845 and a median rent of $1,754, the Gaithersburg, 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 Gaithersburg, 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 Gaithersburg, MD Property Resources
Rent to own Homes in Cities Near Gaithersburg, MD
- Ashton-Sandy Spring
- Braddock
- Burnt Mills
- Clarksville
- Cooksville
- Damascus
- Dayton
- Dickerson
- Difficult Run
- Eldersburg
- Flower Hill
- Four Corners
- Fulton
- Great Falls Crossing
- Highland
- Hutchison
- Ijamsville
- Kincora
- Kings Park
- Kings Park West
- Konterra
- Langley Park
- Laytonsville
- Lincolnia
- Linganore
- Long Branch
- Lowes Island
- Merrifield
- Moorefield
- Mount Airy
- Navy
- One Loudoun
- Pimmit Hills
- Ravensworth
- Sandy Spring
- Seven Corners
- Springfield
- Sterling
- Sykesville
- Takoma Park
- Union Mill
- University Park
- Walkersville
- Washington
- Waterford
- West Friendship
- Wheaton
- White Oak
- Woodbine
- Woodburn
Neighborhoods in Gaithersburg, MD
Crown rent to own homes Downtown Crown rent to own homes Gaithersburg rent to own homes West Crown rent to own homesPopular Zip Codes in Gaithersburg, MD
20883 rent to own homes 20884 rent to own homes 20877 rent to own homesBuying a Home in Gaithersburg, MD
Gaithersburg, MD is seeing rapid growth and Gaithersburg, MD's' housing market remains not optimal with an average home price that is 90% above the 2024 national average. Gaithersburg, 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 Gaithersburg, MD
Median Rent in Gaithersburg, MD
14 Reasons to Live in Gaithersburg, MD
High rankings. CNN Money ranked Gaithersburg in the top 25 for best places to live in 2010. Sperling's Best Places has given the city props for being a good area for teleworking, security and health. All of this, as well as lots of rental property to be found in town, make it a favorite for renters and homeowners in the region.
Services abound. Few cities have the menu of services that Gaithersburg provides its citizens; from arts programs to recycling, sports programs and senior services, the city provides top-notch help for residents. The city's Housing & Community Development department helps those who want to rent to own houses, by frequently providing grants to aid with mortgage transition. In addition, the Neighborhood Services Team gets involved with tenant-landlord issues and keeps in touch with homeowner's associations.
Divided down the middle. Gaithersburg is bisected by Interstate 270; east of 270 is the original section of town, and to the west of it is the newest construction. You will find the historic business area "Olde Town" on the east side, along with City Hall, the county fairgrounds, and really affordable rental prices.
New urbanism. In the new areas of town on the west side of 270, you will find communities like the Lakelands and the award-winning Kentlands community. Even in these newer neighborhoods, you can find rent to own homes.
Shop at The Rio. In the tony west side of town you will find the Washingtonian Center, which is the most popular shopping area in town. This area is known commonly around town as The Rio.
Building continues. Along the western side of 270, very large communities are continually being constructed; these include Science City, Watkins Mill Town Center and Crown Farm.
Mass(ive) transit plans. The state has plans for a bus rapid line, called CCT or Corridor Cities Transitway in town to ease congestion and aid city transportation. There will be a total of eight stops around town.
Work for it. Major employers in Gaithersburg are IBM, the National Institute of Standards and Technology (NIST) and Lockheed Martin. MedImmune (which was recently acquired by AstraZeneca) is headquartered here as well.
Great restaurants. When you get hungry in this city, you will have a lot of options at your disposal. Just some of the restaurants here include Yoyogi Sushi, Minerva, and Thai House Restaurant.
Four seasons. The city has four distinct seasons; winter lows can hit the 20s, with summer highs often 80-90 degrees. Spring and fall are typically mild.
Downtime recreation. The city's Recreation Department offers a full range of programs, from arts classes to dance and fitness, music and senior programs. Some examples of the classes you can take include Classical Realism Painting in Oil, and Having Fun with Acrylics.
Well-protected. The city is headquarters for the Army Reserve's Military Police Brigade. It is also served by both the City of Gaithersburg Police Department and the Montgomery County Police. Be aware that the city also utilizes speed cameras to enhance spreed limit enforcement.