Rent to own Homes in Calverton, MD
Located between Montgomery and Prince George's counties, Calverton is a bit of a city without a true home; however, it does have a growing population of 17,724. Because of its unique location between two counties, residents of Calverton are never more than a short drive from great local restaurants, excellent shopping and numerous attractions.
Calverton, MD is a great place for affordable rent-to-own homes! With a median household income of over $98,977 and a median rent of $1,714, the Calverton, 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 Calverton, 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.
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Rent to own Homes in Cities Near Calverton, 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 Calverton, MD
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No zip codes foundBuying a Home in Calverton, MD
Calverton, MD is seeing rapid growth and Calverton, MD's' housing market remains not optimal with an average home price that is 72% above the 2024 national average. Calverton, 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 Calverton, MD
Median Rent in Calverton, MD
Top 5 Reasons to Live in Calverton, MD
Great local cuisine! TJ's of Calverton has the honor of being the top rated restaurant in the city and is home to delicious entrees like their North Georgia Rainbow Trout that is broiled with a sweet bourbon butter and served with a loaded baked potato and fresh vegetables. For a delicious Mexican dish that will leave your taste buds begging for more, head to Sierra's Grill for their signature Sierra Platter with three enchiladas topped with all the fixings.
Recreation at its best! Golf fanatics will go crazy for a round of golf at the best course in the region - Cross Creek Golf Club. Although shorter than the average course, it features many challenging holes because of the numerous water shots and various elevation changes. Join the Calverton Swim Club for access to an Olympic Size pool that can be used throughout the year.
Numerous parks! Take advantage of Calverton's beautiful weather by spending your free time at one of the city's many parks. Start at Calverton Park where you'll find more than 20 acres of preserved park space which includes four soccer fields, batting cages and two basketball courts. Or, head to Vansville Park with a picnic basket to enjoy a leisurely lunch on one of their outdoor tables.
Home values approaching new record! In 2007, the median home value in Calverton peaked at $396,000 before plummeting to just $312,000 in 2010. Since then, the figure has steadily increased by 5.7 percent in 2014 to $381,200. With home values finally back on the rise, now is the time to look to purchase a rent to own home in a neighborhood like Powder Mill Estates or the City Center.
Less expensive than nearby homes! To purchase a single-family home in neighboring Cloverly you would have to be willing to spend a median price of $435,800; however, in Calverton you can purchase a comparable property for only $374,100. The best deals can be had in areas Plum Orchard and along Cherry Hill Road.