Rent to own Homes in Damascus, MD
Damascus, Maryland is one of the few cities in the U.S. that once incorporated and then unincorporated. Located in Montgomery County, Damascus was incorporated as a municipality in 1890. In 1914, citizens decided to unincorporate, so that Old Quaker Road could be paved into a state highway. Now known as Route 27, this road along with Damascus-Laytonsville Road (Route 108) connect Damascus to nearby communities so Damascus can serve the surrounding areas with goods, services, and a community hub of activities.
Damascus, MD is a great place for affordable rent-to-own homes! With a median household income of over $128,446 and a median rent of $1,344, the Damascus, 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 Damascus, 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 Damascus, MD Property Resources
Rent to own Homes in Cities Near Damascus, MD
- Ashton-Sandy Spring
- Braddock
- Burnt Mills
- Clarksville
- Cooksville
- Damascus
- Dayton
- Dickerson
- Difficult Run
- Eldersburg
- Flower Hill
- Four Corners
- Fulton
- Great Falls Crossing
- Highland
- Hutchison
- Ijamsville
- Kincora
- Kings Park
- Kings Park West
- Konterra
- Langley Park
- Laytonsville
- Lincolnia
- Linganore
- Long Branch
- Lowes Island
- Merrifield
- Moorefield
- Mount Airy
- Navy
- One Loudoun
- Pimmit Hills
- Ravensworth
- Sandy Spring
- Seven Corners
- Springfield
- Sterling
- Stone Ridge
- Sykesville
- Takoma Park
- Union Mill
- University Park
- Walkersville
- Washington
- Waterford
- West Friendship
- Wheaton
- White Oak
- Woodbine
Neighborhoods in Damascus, MD
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20872 rent to own homesBuying a Home in Damascus, MD
Damascus, MD is seeing rapid growth and Damascus, MD's' housing market remains not optimal with an average home price that is 91% above the 2024 national average. Damascus, 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 Damascus, MD
Median Rent in Damascus, MD
Top 7 Reasons to Live in Damascus, Maryland
Damascus Still Enjoys a Rural Community Life! Though it serves as the city center for surrounding communities, Damascus still offers a rural way of life, including the all-agricultural Damascus Community Fair, which has been held annually the first month of September since 1940. Other rural attractions include Butler's Orchard farmers' market, and a variety of pumpkin farms, apple picking orchards, and other agricultural attractions for fresh food and homegrown fun.
Damascus Experiences All Four Seasons! From the Feast of the Lights and Damascus Volunteer Fire Departments' Santa Claus in December to the annual Memorial and Veterans' Day celebrations hosted by the American Legion Damascus Post 171, Damascus is a beautiful and inviting place all year long. Residents enjoy the crisp, cold snows of wintertime, the sweet spring wildflowers, warm summers to enjoy growing fruits and vegetables, and eye-popping fall color each and every year.
Damascus Offers Tons of Outdoor Activities! Damascus is located near several notable natural wonderlands, including Sugar Loaf Mountain and the Appalachian Trail. A number of other hiking trails, including McKeldin Loop and Wildlands Loop, are nearby as well. These trails range from mild for the novice hiker to difficult for the advanced outdoor enthusiast. Damascus is close to everything you'd want to enjoy outdoors--including mountains, beaches, farmlands, and freshwater lakes and rivers.
Damascus is a Great Place to Learn About History! This community was established even before the first post office was located there in 1816. Today, the Damascus Historical Society works hard to preserve the heritage of the area and its people, and has recently opened the Damascus Heritage Society Museum. Damascus also enjoys a public library and is home to another historic entity--the Montgomery County Fire and Rescue Company 13. The American Legion also works hard to benefit the community, providing charity and civic help through holiday decorations, scholarships for high school students, and more. A number of equestrian centers assure that horses remain as prominent a part of Damascus' future as they were to their past. 4H clubs also thrive in Damascus, preserving the agricultural heritage of the community.
Homes for Sale in Damascus Tend to Be Newer! The most recent U.S. Census revealed that homes in Damascus tend to be newer than those in other parts of Maryland. Yet even as new homes and businesses spring up, Damascus continues to hold on to its small town heritage. This is rare in the region, where the larger cities of D.C., Richmond, and Philadelphia seem to be swallowing the countryside. Still, Damascus is convenient to many of the area's best employers, and most residents enjoy a brief commute of half an hour or less to workplaces like Leidos, Adventist Health Care, General Dynamics, and Booz Allen Hamilton.
Property Values are On the Rise in Damascus! Damascus has enjoyed a rise in property values of about 10 percent over the past year. Strong property values are always an indication of a healthy local economy. Neighborhoods like Budsman Terrace, Clearspring Manor, and Park Damascus offer a variety of rent to own houses, as well as buying opportunities.
Damascus Invests in the Future of American Athletics! Damascus is serious about breeding and grooming great athletes. From baseball to football to wrestling and lacrosse, the Damascus Sports Association, which earns local teams numerous championships, works to fund local athletic programs. In addition to the American Jr. Legion baseball championships, Damascus athletes have taken home titles in softball, soccer, and ice hockey as well.