Rent to own Homes in South Laurel, MD
South Laurel is a small community that is primarily residential. Positioned almost exactly halfway between Baltimore and Washington, with the Baltimore-Washington Parkway going straight through town, it is convenient for people who might want to commute throughout the region. It is in a temperate, four-season climate with summers that are hot and humid, and winters that can be cold.
South Laurel, MD is a great place for affordable rent-to-own homes! With a median household income of over $77,741 and a median rent of $1,563, the South Laurel, 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 South Laurel, 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 South Laurel, MD Property Resources
Rent to own Homes in Cities Near South Laurel, MD
- Alexandria
- Annandale
- Annapolis Junction
- Arlington
- Bailey's Crossroads
- Camp Springs
- Cedar Heights
- Cheltenham
- Chevy Chase
- Chevy Chase Village
- Clarksville
- Cooksville
- Curtis Bay
- Dayton
- Dunn Loring
- Falls Church
- Flower Hill
- Forest Glen
- Fort Hunt
- Fort Washington
- Four Corners
- Glenarden
- Greenbelt
- Halethorpe
- Hanover
- Kingstowne
- Konterra
- Lake Arbor
- Langley Park
- Layhill
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Melwood
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Potomac
- Rockville
- Sandy Spring
- Somerset
- Travilah
- Vienna
- Washington Navy Yard
- West Friendship
- Windsor Mill
- Woodbine
Neighborhoods in South Laurel, MD
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20708 rent to own homesBuying a Home in South Laurel, MD
South Laurel, MD is seeing rapid growth and South Laurel, MD's' housing market remains not optimal with an average home price that is 61% above the 2024 national average. South Laurel, MD is part of Prince George's 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 Prince George's is 0.98% which is below the national average, which is 0.99%.
Median Home Price in South Laurel, MD
Median Rent in South Laurel, MD
5 Reasons to Live in South Laurel, MD
Step into history! A National Historic Landmark, the Montpelier Mansion is located right in the middle of South Laurel. It's open every day for tours, whether guided by a docent or self-guided. It's also home to festivities throughout the year, including live music and holiday programs, and is even available to rent for events. If you want to go even further back into history, check out Dinosaur Park, one of the most important dinosaur fossil sites on the east coast.
Plenty of housing variety! With a great mix of housing types, South Laurel has plenty of buying, renting, or rent to own options. There's an even mix of apartments such as Foxfire town homes in the Tuscany Drive area, and small to medium-sized single family houses at developments such as Oaklands. These properties also run the gamut from older, established buildings to brand new constructions featuring the latest features.
Plenty of green space! There are plenty of parks within South Laurel, including Patuxent River, Holly, and Kiama parks - great for enjoying a day out, a picnic, or a round of Frisbee. The National Wildlife Visitor Center for the Patuxent Research Refuge, a wildlife preserve centered around breeding birds, is moments away. If you prefer making birdies to watching birdies, Patuxent Greens Golf Club is at the northern end of town.
Stable market! With a vacancy rate hovering in the 6.5-7 percent range, there are always open units, but there is also always a high level of demand. Montpelier Crossing apartments and Cherry Branch Townhouses are popular entry points for many residents, whether they are looking for rental houses or to buy.
Arts and events! Events such as the Main Street Festival in May and October's RiverFest have something for everyone, including auto shows, artisans, live music, and more. Even when the winter chill sets in, there is something to do, with performances at the Venus Theatre and the Laurel Mill Playhouse throughout the season.