Rent to own Homes in Waldorf, MD
Waldorf, Maryland, is in Charles County. It offers those who own, rent or live in a rent to own home a quick commute into Washington, D.C., which is 23 miles away. This community consists of 67,752 individuals, as reported by the U.S. Census in 2010. Before 1908, Waldorf was known as Beantown. Waldorf may be a very urbanized location, but it's surrounded by farmland full of crops like strawberries and vegetables.
Waldorf, MD is a great place for affordable rent-to-own homes! With a median household income of over $101,733 and a median rent of $1,716, the Waldorf, 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 Waldorf, 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 Waldorf, MD Property Resources
Rent to own Homes in Cities Near Waldorf, MD
- Alexandria
- Annandale
- Arlington
- Bailey's Crossroads
- Bensville
- Braddock
- Burke
- Burke Centre
- Camp Springs
- Chaptico
- Cherry Hill
- Chevy Chase
- Chevy Chase Village
- Dahlgren Center
- Dumfries
- Dunn Loring
- Fairfax
- Fairfax Station
- Falls Church
- Forest Glen
- Fort Hunt
- Fort Washington
- Four Corners
- Glenarden
- Greenbelt
- Kingstowne
- Lake Arbor
- Langley Park
- Leesylvania
- Mantua
- Marlboro Meadows
- Marlboro Village
- Melwood
- Mitchellville
- Morningside
- Mount Vernon
- Nanjemoy
- National Harbor
- New Carrollton
- North Bethesda
- North Brentwood
- North Chevy Chase
- North Kensington
- Oakton
- Pomfret
- Potomac
- Quantico
- Somerset
- Union Mill
- Vienna
Neighborhoods in Waldorf, MD
No neighborhoods foundBuying a Home in Waldorf, MD
Waldorf, MD is seeing rapid growth and Waldorf, MD's' housing market remains not optimal with an average home price that is 39% above the 2024 national average. Waldorf, MD is part of Charles 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 Charles is 0.75% which is below the national average, which is 0.99%.
Median Home Price in Waldorf, MD
Median Rent in Waldorf, MD
Top Reasons to Live in Waldorf MD
Housing Statistics From May 13th, 2013 to July 13th, 2013, Waldorf's median sales price for homes was $248,550, which is a 5.6 percent increase from the previous year. Despite this increase, there has been a 15.9 percent depreciation in sales prices over the last five years. The average listing price was $298,774 as of August 18th, 2013. A very high percentage of homes are owned in this area. In fact, 78.4 percent of homes are owned in Waldorf, while only 21.6 of them are rented. According to Century21, the annual residential turnover is 15.19 percent. The median number of years in a residence here is 3.79.
Transportation and Commutes Waldorf has numerous taxi services such as Waldorf Taxi and Airport Transportation, Newshuttle and Taxi Services, Waldorf Cab and Allen Cab Co. There's also the Keller Bus Service, which has been around since 1926 and provides charter bus options. James H Duffey Company is a local and suburban transit company. Dillon's Bus Service offers charter buses. Will Be Designated Driver offers their transportation service, so those who drink have a safe way home. Kidsxpress Transportation is a unique service that picks up children and gives them a safe ride to and from where they need to go. Route 925 runs north to south through Waldorf. On the eastern part of the city is St. Charles Parkway, which runs near White Plains Regional Park.
Local Shopping St. Charles Towne Center in Waldorf and The Shops at Waldorf Center are popular shopping areas. In St. Charles Towne Center, you can find a unique shopping location known as Rotten 2 the Core Kidz Spa, which offers a hair salon, manicures, pedicures and makeup for children and kid's parties. Family Christian in the same location sells knickknacks and other items, and the proceeds go to orphans and widows.
Neighborhoods In Waldorf, there are 16 different neighborhoods. Berry Valley and Brentwood/Linden Grove are two examples of favorites with suburban residents.