Rent to own Homes in Germantown, MD
Germantown, Maryland was recently named the 24th best place to live in America by Money Magazine, and with good reason. The town is only 32 miles from Washington, D.C., but it's a peaceful, quiet oasis with safe neighborhoods, good schools, and lots of job opportunities. The city is fun, too. It hosts an annual Oktoberfest Festival, celebrating its German culture, heritage, art, and music. If you want a home of your own, a place to rent, or a rent-to-own house, Germantown is a great spot for you.
Germantown, MD is a great place for affordable rent-to-own homes! With a median household income of over $98,829 and a median rent of $1,757, the Germantown, 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 Germantown, 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 Germantown, MD Property Resources
Rent to own Homes in Cities Near Germantown, 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
- Stone Ridge
- Sykesville
- Takoma Park
- Union Mill
- University Park
- Walkersville
- Washington
- Waterford
- West Friendship
- Wheaton
- White Oak
- Woodbine
Neighborhoods in Germantown, MD
No neighborhoods foundPopular Zip Codes in Germantown, MD
20875 rent to own homesBuying a Home in Germantown, MD
Germantown, MD is seeing rapid growth and Germantown, MD's' housing market remains not optimal with an average home price that is 61% above the 2024 national average. Germantown, 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 Germantown, MD
Median Rent in Germantown, MD
Top Reasons to Live in Germantown, MD
Housing in Germantown If you're looking for somewhere to rent, own, or rent to own in Germantown, there's a good chance there's something in your price range - you just might not be able to get it. That's because only 4 percent of homes in the city are vacant since it's such a desirable place to live. Only about 30 percent of people in Germantown rent, while about 66 percent own their homes. The annual residential turnover, however, is 23 percent. So, if you're looking at the right time, there is a chance that someone will be offering the right rental home, rent-to-own home, or home to buy.
Tourist Attractions and Outdoor Activities Some people think the biggest tourist attraction around Germantown, MD is Washington, D.C. But Germantown is not as sleepy and residential as some people might imagine. Outdoor lovers will find tons of activities in this small city. Nearby is the Agricultural Reserve, a famous land-use plan created to stop the disappearance of farmland. Visitors can tour farms and get a sense of what true rural farmland is like. The Adventure Park at Sandy Spring is a great combination of the outdoors and recreation. The complex is an aerial forest, where people of all ages can climb, zipline, and cross bridges. One of the best spots is the Heritage Montgomery - a 93,000 acre agricultural reserve, where you can tour historic sites, explore old barns, pick your own crops, and shop in antique stores with lots of historic and local goods. You can also boat on the Potomac River. There are kayaks, canoes, and rowboats to rent so you can see more of the area's natural splendor.
Arts and Culture The entertainment in Germantown comes not only from local attractions and outdoor activities but also the thriving arts and culture scene. BlackRock Center for the Arts is a regionally acclaimed venue for arts and music. Touring artists of all genres come here to perform, and the complex also hosts traveling art shows in its two galleries. It also has a great arts education program, offering classes for toddlers, children, teens, and adults. Just 15 miles away, in nearby Olney, is the Olney Theatre Center, a professional theater company offering world-class drama and musical productions.
Sports If you're more into sports than arts, there's something for you in Germantown, too. There are lots of public sports facilities for any resident to use, including the Germantown Outdoor Pool, the South Germantown Recreational Park, and South Germantown Driving Range. In nearby Boyds, MD, soccer lovers can enjoy the Maryland SoccerPlex and Discovery Sports Center, which is one of the premier soccer complexes in the entire country. It has 24 professionally maintained outdoor soccer fields, a lighted championship stadium that can seat 3,200 spectators, and both grass and turf fields. There are soccer programs for youth players, as well as Major League Soccer practices. The Sports Center also has facilities for a whole range of other activities like basketball, volleyball, lacrosse, and field hockey.