Rent to own Homes in North Potomac, MD
Nestled in the heart of Maryland, North Potomac is home to 24,410 people who live in over 30 unique neighborhoods. North Potomac is an unincorporated area that covers around 6.6 square miles and encompasses the outlying areas of Potomac, Rockville and Gaithersburg. Running parallel with the Potomac River, North Potomac is a short drive away from the United States capital and offers residents abundant natural scenery, housing, recreation and business opportunities.
North Potomac, MD is a great place for affordable rent-to-own homes! With a median household income of over $166,383 and a median rent of $2,160, the North Potomac, 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 North Potomac, 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 North Potomac, MD Property Resources
Rent to own Homes in Cities Near North Potomac, MD
- Alexandria
- Annandale
- Arlington
- Ashburn
- Bailey's Crossroads
- Braddock
- Brambleton
- Broadlands
- Burke
- Burke Centre
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Dickerson
- Difficult Run
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Flower Hill
- Forest Glen
- Fort Hunt
- Great Falls Crossing
- Hutchison
- Ijamsville
- Kincora
- Kingstowne
- Layhill
- Leesburg
- Mantua
- Moorefield
- Moorefield Station
- Mount Vernon
- Navy
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- One Loudoun
- Potomac
- Rockville
- Somerset
- Sugarland Run
- Travilah
- Union Mill
- Vienna
Neighborhoods in North Potomac, MD
No neighborhoods foundPopular Zip Codes in North Potomac, MD
20878 rent to own homesBuying a Home in North Potomac, MD
North Potomac, MD is seeing rapid growth and North Potomac, MD's' housing market remains not optimal with an average home price that is 208% above the 2024 national average. North Potomac, 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 North Potomac, MD
Median Rent in North Potomac, MD
Top 4 Reasons to Live in North Potomac, MD
Visit Potomac Horse Center and a Great Falls trail! The largest equestrian center in the Potomac area, Potomac Horse Center was founded in the 1950s and has been in continuous operation. The Billy Goat Trail is a hiking trail in Potomac -- it's a part of the resplendent Great Falls National Park.
High property values! In 2012, the average value for house and condo units was $598,551 (having steadily risen from the year 2000 when it was $305,400). By contrast, the median value of similar single-family dwellings in the state of Maryland in 2012 was $279,900. Quince Chase Subdivision has newer high-end townhomes with three bedrooms and three-and-a-half baths. Clover Knoll Road is filled with larger single-family residences, and Viewside Drive has some stunning 5-bedroom, 6000-square-foot residences. As North Potomac is such a popular residential area, its unlikely that property will lose its value any time soon and, based upon past valuations and historical trends, will most likely continue to rise.
Shop and dine to your heart's content! There are three major shopping centers in North Potomac: Travilah Square, Traville Gateway, and Potomac Valley. If that shopping works up an appetite check out McCo's Founding Farmers farm-to-table fare in a rustic setting or Normandie Farm Restaurant. Plus, Washington DC, is only 20 miles away so you could go for dinner, sightseeing, or shopping in the nation's capital anytime you choose.
Nice houses in dozens of neighborhoods! The 30 residential areas include Lakewood Estates, Potomac Chase Estates, Potomac Crossing, Natalie Estates, Stoneview, Washingtonian Woods, Dufief Mill Estates, DuFief, Stoney Creek Estates, and Potomac Glen. All types of properties are available from rent to own to homes for sale, in a variety of housing styles, from cottages to mansions. Glickman Design Build, Premium Home Crafters and Pulte Homes Inc. are local building firms that are behind the area's new construction.