Rent to own Homes in Wheaton, MD
A Historic Place! Wheaton is a Montgomery County suburb of Washington, DC. Its name derives from Frank Wheaton (1833-1903), an American Civil War hero. Wheaton is situated 13 miles and approximately 33 driving minutes from the U.S. national capital. Brookside Gardens and Westfield Wheaton Mall are two of the more frequently visited venues.
Wheaton, MD is a great place for affordable rent-to-own homes! With a median household income of over $88,241 and a median rent of $1,852, the Wheaton, 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 Wheaton, 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 Wheaton, MD Property Resources
Rent to own Homes in Cities Near Wheaton, MD
- Alexandria
- Annandale
- Arlington
- Ashburn
- Bailey's Crossroads
- Braddock
- 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
- Mantua
- Maryland Park
- Moorefield
- Moorefield Station
- Mount Vernon
- Navy
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- One Loudoun
- Potomac
- Rockville
- Sandy Spring
- Somerset
- Sugarland Run
- Travilah
- Union Mill
- Vienna
- Washington Navy Yard
Neighborhoods in Wheaton, MD
No neighborhoods foundPopular Zip Codes in Wheaton, MD
20902 rent to own homesBuying a Home in Wheaton, MD
Wheaton, MD is seeing rapid growth and Wheaton, MD's' housing market remains not optimal with an average home price that is 76% above the 2024 national average. Wheaton, 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 Wheaton, MD
Median Rent in Wheaton, MD
Ten Reasons to Live in Wheaton, Maryland
Transportation Abound! Wheaton's close proximity reach with Washington, DC affords excellent air transportation capabilities. Local, as well as long-distance bus and train travel service the Wheaton community. The nearest major road artery access is via Interstate 495 and 270.
Homes to Rent! A varied cross-section of available houses for rent and homes for sale are available. Other means of rental availability can be found through local area community newspapers and complimentary supermarket real estate flyers and magazines. The Wheaton Patch and The Gazette are a couple of newspaper sources for property rentals within the neighborhood.
Time to Shop! Numerous shopping opportunities surround the nation's capital. Many local area stores, shops and boutiques fill the area. Chevy Chase Pavilion, upscale Mazza Gallerie and The Shops at Wisconsin Place provide a liberal mix of shopping potential.
No need to go hungry! If it's true varied cuisine you seek when dining out or picking up take-out, Wheaton and its surrounding neighborhoods offer all popularly recognized varieties. The Limerick Pub, with its medium pricing, Ruan Thai and Max's Kosher Cafe and Marketplace are three of many interesting possibilities.
Education and Schooling
- Montgomery County public schools in the Wheaton community include elementary, middle and high school levels of education. Highland Elementary, Newport Mill Middle and Wheaton High are examples of each stage of Wheaton's youth public education. Brookewood School is a community private school that includes grades one through twelve.
Taking Advantage of Low Interest Rates! U.S. home purchase mortgage interest rates are at, or near, historic lows. Several banks in the Wheaton area are standing by to help prospective, qualified house purchase buyers complete their acquisitions. If you're in a rent to own home situation, local bank branches like M and T Bank and BB and T Bank are centrally located to serve you when you're ready to buy.
Types of Home Purchase - The Wheaton area offers some very popular house property buyer opportunities in today's competitive real estate market. A
rent to own option reduces risk, indecision and uncertainty as it affords the renter the luxury of thoroughly acclimating to the home and neighborhood before committing to purchase. Sale by owner provides potential price-break opportunities as well. Internet sites and local neighborhood media outlets feature these types of transaction options.
Parks and Recreation Activities - Montgomery County is proud of its many parks and recreation public facilities. Some offer bikeways and park trails. Several can be found within the Wheaton community. Wheaton Regional Park and Brighton Park are merely two examples of Wheaton's extensive park offerings.
Property Tax Structure - If you've been in a
rent to own house position and opted to buy it, the property tax bill becomes due in the year following a house sale purchase transaction. Once your recent household property is newly assessed by the county tax appraiser's office, of which the house price you paid is the basis for calculation, expect to pay an annual property tax rate of .079 percent of the newly appraised fair market value. This is below the US national residential house property tax average. You can pay Montgomery County property taxes online at: www.montgomerycountymd.gov or by mail at: Montgomery County, PO Box 9415, Gaithersburg, MD 20898