Rent to own Homes in Severna Park, MD
Halfway between Baltimore and Washington D.C., Severna Park is a dream for those looking to escape the hustle and bustle of city life without sacrificing what a metropolitan area has to offer. Bordered by rivers and rural Maryland, Severna Park has something for everyone. Whether you value fresh air and great views or easy access to some of the best cities on the east coast, Severna Park is a great place to call home.
Severna Park, MD is a great place for affordable rent-to-own homes! With a median household income of over $151,969 and a median rent of $1,520, the Severna Park, 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 Severna Park, 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 Severna Park, MD Property Resources
Rent to own Homes in Cities Near Severna Park, MD
- Annapolis
- Annapolis Junction
- Arbutus
- Baltimore Highlands
- Beltsville
- Bladensburg
- Bowie
- Bowleys Quarters
- Brooklyn Park
- Cape St. Claire
- Carney
- Catonsville
- Cedar Heights
- Churchton
- Clarksville
- Columbia
- Crownsville
- Curtis Bay
- Deale
- Elkridge
- Ellicott City
- Ferndale
- Fulton
- Glenarden
- Greenbelt
- Halethorpe
- Hampton
- Hanover
- Harwood
- Ilchester
- Kent Narrows
- Konterra
- Lake Arbor
- Lanham
- Largo
- Linthicum Heights
- Lutherville Timonium
- Marlboro Meadows
- Marlboro Village
- Mcdaniel
- Nottingham
- Parkville
- Romancoke
- Rosedale
- Shady Side
- Sherwood
- Sparrows Point
- White Marsh
- Windsor Mill
- Wittman
Neighborhoods in Severna Park, MD
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Severna Park, MD is seeing rapid growth and Severna Park, MD's' housing market remains not optimal with an average home price that is 152% above the 2024 national average. Severna Park, 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 Severna Park, MD
Median Rent in Severna Park, MD
Five Reasons to Live in Severna Park, MD
Spend the day in D.C.! Severna Park is only 39 miles from Washington, D.C., and with a train line going straight through the city it's easy to spend a day in the capital. With numerous cultural events, free museums and beautiful architecture, Washington is a great place to get away on a quick day trip. After exploring all the city has to offer, hop back on the train and return to quiet Severna Park for dinner at Cafe Mezzanette or a pint at Brian Boru Restaurant and Pub!
Great property values! It's no secret that the real estate market is booming near Washington, D.C. and Baltimore. Severna Park is no exception -- this beautiful town has a reliable market that's only becoming more and more valuable. The value of homes in Severna Park, from Rugby Road to Chartwell Golf and Country Club, have been on a steady increase for the last decade and continue to trend in that direction. This is great news for anyone hoping to build equity.
Get out on the water! Located between the Severn and Magothy Rivers, Severna Park offers fantastic opportunities to get a day of fresh air on the water. Whether you like boating, fishing or just spending a day relaxing on the beach, there is no shortage of public parks to explore.
Historic homes! If having a home with some history is at the top of your priority list, you'll love Severna Park. There is a wide range of housing options available, including rent to own homes and those available to buy outright. The large homes with waterfront views overlooking Cattail Creek or Sullivan Cove are a dream come true for buyers looking to settle down somewhere beautiful, and classic brick colonial architecture will have history buffs head over heels!
Take in nature! Severna Park is rich in greenery, much of it highlighted in local parkland. Sullivans Cove Natural Area, Old Severna Park and Jenning Road Recreation Area all call Severna Park home.