Rent to own Homes in Glen Burnie, MD
Most rental houses and rent to own home options in this area are single family homes; however, there are a few townhouses. The median price point of $226,168 reflects the large numbers of single family homes in the area. Housing prices and sales remain stable, with small increases in the median sales price and average price per square foot. Home sales have increased more than 35 percent, bringing the number of sales up to 323. Listing prices vary highly, depending on the Glen Burnie neighborhood, with some homes starting at an asking price of more than $1,000,000.
Glen Burnie, MD is a great place for affordable rent-to-own homes! With a median household income of over $74,932 and a median rent of $1,346, the Glen Burnie, 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 Glen Burnie, 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 Glen Burnie, MD Property Resources
Rent to own Homes in Cities Near Glen Burnie, MD
- Annapolis
- Annapolis Junction
- Arbutus
- Baldwin
- Baltimore Highlands
- Bowie
- Bowleys Quarters
- Brooklyn Park
- Cape St. Claire
- Carney
- Catonsville
- Churchton
- Cockeysville
- Columbia
- Crownsville
- Curtis Bay
- Edgewood
- Elkridge
- Ellicott City
- Fairlee
- Ferndale
- Georgetown
- Glen Arm
- Halethorpe
- Hampton
- Hanover
- Harwood
- Hunt Valley
- Hydes
- Ilchester
- Joppa
- Joppatowne
- Kent Narrows
- Kingsville
- Lanham
- Linthicum Heights
- Lutherville Timonium
- Nottingham
- Parkville
- Phoenix
- Pleasant Hills
- Romancoke
- Rosedale
- Shady Side
- Sparrows Point
- Tolchester
- Upper Falls
- White Marsh
- Windsor Mill
- Woodstock
Neighborhoods in Glen Burnie, MD
No neighborhoods foundBuying a Home in Glen Burnie, MD
Glen Burnie, MD is seeing rapid growth and Glen Burnie, MD's' housing market remains not optimal with an average home price that is 21% above the 2024 national average. Glen Burnie, MD is part of Anne Arundel 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 Anne Arundel is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Glen Burnie, MD
Median Rent in Glen Burnie, MD
Local Shopping Glen Burnie Mall and the surrounding shopping centers offer a little something for everyone. Further out in the Harundale area, Marley Station Mall is home to many chain stores. Strung out all along Richie Highway are numerous boutique stores carrying a wide array of merchandise.
Local Sports Located just 15 minutes away from downtown Baltimore, Glen Burnie has access to several professional sports organizations. The Baltimore Ravens play at the downtown M&T Bank stadium, while the Orioles offer baseball enthusiasts a fun afternoon at one of the league's most beautiful venues, Camden Yards. In addition to these major sports franchises, Baltimore also supports a professional indoor soccer team, the Blast. Several colleges also have sports teams and participate in a wide variety of both indoor and outdoor events.
Neighborhoods Below are the three main areas in Glen Burnie where you can find homes to rent or buy: