Rent to own Homes in Drum Point, MD
Drum Point, MD is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Drum Point, 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 Drum Point, MD
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- Solomons
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Neighborhoods in Drum Point, MD
Drum Point rent to own homesPopular Zip Codes in Drum Point, MD
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Drum Point, MD is seeing rapid growth and Drum Point, MD's' housing market remains not optimal with an average home price that is 32% above the 2024 national average. Drum Point, MD is part of Calvert 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 Calvert is 0.7% which is below the national average, which is 0.99%.