Rent to own Homes in Parkville, MD
Parkville, Maryland is an unincorporated town of about 31,000 residents. It lies within the Baltimore Beltway to the west of Interstate 95 and U.S. Route 1. Though originally prized for its wooded areas, Parkville became increasingly agricultural throughout the nineteenth century as plantations and smaller farmers settled the area. By the 1880s there were two schools and a public library in the town and today this thriving community features lovely parks and neighborhoods.
Parkville, MD is a great place for affordable rent-to-own homes! With a median household income of over $68,608 and a median rent of $1,240, the Parkville, 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 Parkville, 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 Parkville, MD Property Resources
Rent to own Homes in Cities Near Parkville, MD
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- Annapolis Junction
- Arbutus
- Arden on the Severn
- Arnold
- Baldwin
- Baltimore Highlands
- Bel Air South
- Belcamp
- Brooklyn Park
- Cape St. Claire
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- Churchville
- Curtis Bay
- Dundalk
- Edgewood
- Essex
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- Forest Hill
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- Garrison
- Halethorpe
- Hanover
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- Owings Mills
- Parkton
- Phoenix
- Pikesville
- Pleasant Hills
- Reisterstown
- Severna Park
- Sparks Glencoe
- Sparrows Point
- Street
- Upper Falls
- Whiteford
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Neighborhoods in Parkville, MD
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No zip codes foundBuying a Home in Parkville, MD
Parkville, MD is seeing rapid growth and Parkville, MD's' housing market remains optimal with an average home price that is -6% below the 2024 national average. Parkville, MD is part of Baltimore 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 Baltimore is 0.87% which is below the national average, which is 0.99%.
Median Home Price in Parkville, MD
Median Rent in Parkville, MD
Top 6 Reasons to Live in Parkville, MD
Rising home values! The average value of a house in Parkville is $182,100, a 3.6 percent increase over the previous year. Values are predicted to continue to rise in the coming year, so buying a home here would be a good investment. Larger homes are near Interstate 695 and the Cub Hill neighborhood has especially lovely homes. For more affordable rent to own options, try the neighborhood between the Perring Parkway and Harford Road at the southern end of town.
Great local restaurants! In addition to all the fast food chains you'd expect in a suburban location, Parkville also has several excellent, independently-owned eateries. For crab and local seafood served up in the classic Maryland style, head to Conrad's Crab and Seafood market, where you can choose from a range of menu items or pick up something fresh to cook at home. For a fantastic burger and great pub grub, visit McFaul's IronHorse Tavern. Herb and Soul is a restaurant serving Southern fusion cuisine, combining the best of traditional soul food with unexpected new flavors and textures.
Affordable rents! The average monthly rent for a property in Parkville is $1,350, which is lower than the Baltimore metro average of $1495. Ridge Gardens has several floor plans available and offers a fitness center, swimming pool and clubhouse for residents. The Loch Bend Apartments offer flexible lease periods and unique floor plans that feature many windows and cross-ventilation, with only two units per floor.
Lovely parks! As its name suggests, Parkville is home to several lovely parks. Double Rock Park feels like it is worlds away from the bustle of the Baltimore Beltway area and has several hiking trails and a beautiful waterfall to get you closer to nature. Putty Hill Park and Harford Park are smaller, but still offer plenty of green space for a picnic on a sunny day.
Fun activities! For a great day out, visit Weber's Cider Mill Farm, where you can enjoy four giant slide rides in the summer and hayrides in the fall. For indoor excitement, Parkville Lanes is a bowling alley with many special events throughout the year.
Convenient shopping centers! The Parkway Crossing shopping center has a Shop Rite for groceries and a Home Depot for all the supplies you need to make your new house a home. If you have pets, find their favorite treats at the Petco in the Parkville Shopping Center located nearby.