Rent to own Homes in Redland, MD
A census-designated place in Montgomery County, Maryland, Redland is considered an unincorporated neighborhood. Its boundaries cover an area of 7 square miles with a small amount of waterfront. Redland is within 3.8 miles of Gaithersburg and approximately 17.3 miles from Washington, D.C. These two facts make Redland desirable as an urban setting with small town charm, close -- but not too close -- to the culture, arts, nightlife and employment opportunities of big cities.
Redland, MD is a great place for affordable rent-to-own homes! With a median household income of over $123,005 and a median rent of $1,813, the Redland, 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 Redland, 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 Redland, MD Property Resources
Rent to own Homes in Cities Near Redland, 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 Redland, MD
No neighborhoods foundBuying a Home in Redland, MD
Redland, MD is seeing rapid growth and Redland, MD's' housing market remains not optimal with an average home price that is 99% above the 2024 national average. Redland, 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 Redland, MD
Median Rent in Redland, MD
Top 4 Reasons to Live in Redland, MD
Great real estate property value! In 2012, the estimated median value for a house or condo in Redland was $388,401 and in the entire state of Maryland, it was $279,900. This indicates that residences here hold their value well compared to other areas of the state. A typical apartment had an average price of $261,653 in 2011, and the average gross rent was $1,493. Golfers will enjoy the residential district near Needwood Golf Course, but other areas of interest are near city parks like Crabbs Branch Park and Washington Square Park.
So many things to do! Stop by Needwood Visitors Center to get the details on area special events, and then head over to the County Service Park, Redland Park or Winters Run Park for a brisk walk or to curl up under a tree with a good book. Crabbs Branch and Mill Creek offer scenic views. Rock Creek Regional Park has miles of scenic natural beauty, trails, as well as wildlife watching and lakeside boat rentals.
Average real estate taxes and abundant housing! The median real estate property taxes for housing with a mortgage was $3,495. For this area, it is not a bad price for homes that retain their value or can be expected to rise in value annually. In comparable areas in New York, you might pay more than $8,000 annual real estate property taxes. Those who like convenience will enjoy the subdivisions near Flower Hill Shopping Center, The Grove, and Red Mill Shopping Center. It is easier than you might expect to find a rent to own contract here, and you may secure an apartment, single-family detached dwelling or condo - almost everything is available.
Great cuisine and entertainment! Thai House Restaurant has dine-in or takeout, while Outta the Way Cafe and Hershey's Restaurant are other local favorites. Blue Mash Golf Course and Red Gate Golf Course are both nearby for golf enthusiasts. Try the Dogfish Head Ale House and Kenland Lebanese Bistro and Arts Cafe in Gaithersburg.