Rent to own Homes in East Riverdale, MD
An unincorporated town located right beside Baltimore-Washington Parkway and just over eight miles outside the nation's capital, East Riverdale sits within a bustling region and has all the amenities one could ever request. Home to just under 16,000 folks and located in Prince George's County, East Riverdale has a friendly and calm vibe, while still being within close reach of Washington D.C. Within town, there are ample things to do and plenty of space to relax.
East Riverdale, MD is a great place for affordable rent-to-own homes! With a median household income of over $79,008 and a median rent of $1,384, the East Riverdale, 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 East Riverdale, 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 East Riverdale, MD Property Resources
Rent to own Homes in Cities Near East Riverdale, MD
- Adelphi
- Alexandria
- Annandale
- Arlington
- Aspen Hill
- Bailey's Crossroads
- Beltsville
- Bethesda
- Bladensburg
- Bowie
- Brookeville
- Burke
- Burke Centre
- Cedarville
- Chevy Chase
- Chevy Chase Village
- Colmar Manor
- Columbia
- Cottage City
- Crownsville
- Difficult Run
- Dunn Loring
- Elkridge
- Fairfax
- Fairfax Station
- Falls Church
- Flower Hill
- Forest Glen
- Fort Hunt
- Glenwood
- Great Falls Crossing
- Harwood
- Ilchester
- Kensington
- Kingstowne
- Lanham
- Largo
- Layhill
- Mantua
- Mount Vernon
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Somerset
- Travilah
- Vienna
Neighborhoods in East Riverdale, MD
No neighborhoods foundPopular Zip Codes in East Riverdale, MD
20737 rent to own homesBuying a Home in East Riverdale, MD
East Riverdale, MD is seeing rapid growth and East Riverdale, MD's' housing market remains not optimal with an average home price that is 27% above the 2024 national average. East Riverdale, MD is part of Prince George's 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 Prince George's is 0.98% which is below the national average, which is 0.99%.
Median Home Price in East Riverdale, MD
Median Rent in East Riverdale, MD
Top 4 Reasons to Live in East Riverdale, MD
Head outdoors for a break! East Riverdale is within a sprawling urban region, but it does manage to provide its residents easy access to green space. Perhaps most notable is Greenbelt Park, which is located right on the northern border of town. This natural wooded area is great for a picnic, hiking, and camping. Fletcher's Field Park offers room for tossing a baseball, flying a kite, or simply relaxing. And Calvert Road Park Disc Golf is the spot to try for a hole-in-one -- with a Frisbee, of course.
Choose from all sorts of housing types! Only 54.8% of housing units in East Riverdale are single family residences, which means you can opt for more privacy and a yard if needed or go for another kind of home if desired. Condos and townhouses are particularly popular here, but apartments are also available. Try checking along Kenilworth Avenue and Edmonston Road to see apartments and near Riverdale Road and Megamart for townhouses and condos. Houses can be found off of the main roads throughout town.
Eat some good food! While the nation's capital, with all its exquisite cuisine, is close-by, a great meal can be had in East Riverdale. Alamo Mexican Restaurant is known for their good soups, tasty fajitas, and happening bar area. Pizza Oven is the spot to grab a slice. Zhengs Restaurant cooks up delicious chicken wings and fried rice. El Bucanas Cafe has a casual atmosphere that's great for an afternoon lunch. No matter what the occasion or craving, one of East Riverdale's eateries can answer the call.
Enjoy a renter-friendly market! Nearly half - 44.6% - of East Riverdale residents rent, which is higher than the state of Maryland average. With numerous communities focused on renters, such as Oak Ridge Apartments and Autumn Woods Apartments, finding rental homes in East Riverdale is not a difficult task. In addition to rentals, there are also plenty of pads for sale; rent to own homes are often available, as well.