Rent to own Homes in Arnold, MD
Facing both the Severn and Magothy Rivers, Arnold is situated in Anne Arundel County and forms part of the attractive Broadneck Peninsula. Well connected to the surrounding area by Maryland Route 2, also known as Governor Ritchie Highway, Arnold accounts for over 13 square miles of land and has a population that is in excess of 23,000 inhabitants. It is also located just a short drive from Annapolis, Maryland's state capital.
Arnold, MD is a great place for affordable rent-to-own homes! With a median household income of over $119,504 and a median rent of $1,914, the Arnold, 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 Arnold, 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 Arnold, MD Property Resources
Rent to own Homes in Cities Near Arnold, 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 Arnold, MD
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21012 rent to own homesBuying a Home in Arnold, MD
Arnold, MD is seeing rapid growth and Arnold, MD's' housing market remains not optimal with an average home price that is 102% above the 2024 national average. Arnold, 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 Arnold, MD
Median Rent in Arnold, MD
Top 5 Reasons to Live in Arnold, Maryland
The growth in house prices! For investors looking for a good return, Arnold makes a superb choice, whether owner-occupation or a rent to own investment is sought. The median house price growth across the area - from Old Country Road in the west to Bellrive Road in the east - has outperformed the national average in the U.S. considerably. Indeed, since 2000, Arnold's average housing prices have even outstripped those in Maryland as a whole.
The Baltimore-Annapolis Bike Trail! This bike trail follows the course of a former railroad and is well-used by cyclists and joggers alike. It passes right through Arnold, starting at Boulters Way and heading northwards toward Jones Station Road, where it reaches Severna Park.
The sports facilities! Arnold has plenty to offer in terms of sport. There is a golfing center with a driving range plus a full golf course elsewhere at Bay Hill Golf Club, situated on Bay Hills Drive. There are a number of gyms, including one on College Parkway. As you might expect, sailing is a popular pastime given the amount of water close by and Arnold boasts no less than twelve different boating marinas.
The modern housing stock! Although Arnold has some historic buildings, most of its residential housing was constructed in the 1980s and 1990s, in contrast with much of the older buildings to be found in Maryland. This makes it easier to maintain, generally speaking, which can be a particular consideration for water-fronted neighborhoods, like those on White Swan Drive, which overlooks Forked Creek, or Rio Lane, close to Ringgold Cove.
The great parkland! There are some excellent green open spaces in Arnold. Twin Oaks Park, situated off Peninsula Farm Road, and Belvedere Park are in the northern part of Arnold. Further south, Arnold Park, near to College Parkway, has some delightful planting and is well-maintained year round.