Rent to own Homes in Fairland, MD
Fairland, Maryland is perfect for nature-lovers and entertainment buffs. People who want a close community feeling will appreciate the area's structured annual events and the lineup of festivals throughout the year. Filled with history and offering access to wonderful nightlife, Fairland presents opportunities for culture, entertainment and business growth. If you've always dreamed of living a more suburban lifestyle but want easy access to Baltimore and Washington D.C., Fairland may be the place for you.
Fairland, MD is a great place for affordable rent-to-own homes! With a median household income of over $84,087 and a median rent of $1,711, the Fairland, 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 Fairland, 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 Fairland, 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 Fairland, MD
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No zip codes foundBuying a Home in Fairland, MD
Fairland, MD is seeing rapid growth and Fairland, MD's' housing market remains not optimal with an average home price that is 66% above the 2024 national average. Fairland, 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 Fairland, MD
Median Rent in Fairland, MD
Top 4 Reasons to Live in Fairland, MD
Stay busy with community activities! Fairland offers plenty to do, including a community center that offers a variety of services, like a kids club, lifeguard training, and massage therapy. You can also enjoy a variety of neighborhood activities, like the Winter Festival of Lights, Kinderfest, Juneteenth and the Beltway BQ Showdown. Festivals are scheduled several times a year and provide plenty of opportunities to get out and about with your neighbors. You can also easily take advantage of activities in nearby communities. Located 35 minutes from Washington D.C., Fairland also provides easy access to the capital's museums and nighttime entertainment.
Home values are above average! Rent to own homes and other houses are priced at twice the average value of the rest of the state. With the average home priced at roughly $350,000, this town offers a favorable option for investing in real estate. Home values have grown 14.6 percent over the last five years here. The vast majority were built after 1980, which reduces the risk of damages related to structures that don't meet current codes. Luxury rentals can be found on Fairland and Chaney Roads.
Explore an array of parks! Enjoy the great outdoors in one of the many surrounding parks. When you live here, you'll have access to more than two dozen parks, conservation sites and farms, including Fairland Recreational Park, where you can hike and play basketball, soccer, and baseball, and Paint Branch Park, which has its east side in Fairland and has some wonderful trails. If you are up for adventure, stop by the Dinosaur Park, located a short drive away.
Property taxes are lower than average! Despite the town having a significantly higher-than-average appreciation value, the property tax rate in Fairland is lower than the national average. Home owners in Fairland pay $9.33 per $1,000, versus the national average of $12.06 per $1,000. This equates to a saving of almost $1,000 per year for a $350,000 home. Purchasing a home here could potentially save you upward of several hundred dollars each year on taxes. For good value rentals, have a look at the Fairland Heights apartment complex on the east of town, or the Waterford Tower complex to the north.