Rent to own Homes in Ferndale, MD
Located on the southern outskirts of Baltimore, Ferndale is a 4-square-mile area that hasn't been incorporated as a city or even a town. Ferndale offers a variety of beautiful housing options for prospective home owners and people who more comfortable renting a home. More than 16,000 people live in Ferndale, which is located in Anne Arundel County. The area offers a strong sense of community and opportunities to volunteer at the local fire department and other local organizations.
Ferndale, MD is a great place for affordable rent-to-own homes! With a median household income of over $74,226 and a median rent of $1,499, the Ferndale, 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 Ferndale, 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 Ferndale, MD Property Resources
Rent to own Homes in Cities Near Ferndale, MD
- Annapolis Junction
- Annapolis Neck
- Ashton
- Baldwin
- Clarksville
- Cooksville
- Curtis Bay
- Davidsonville
- Dayton
- Dundalk
- Essex
- Forest Hill
- Garrison
- Glenelg
- Greenbelt
- Halethorpe
- Hanover
- Harmans
- Hunt Valley
- Hydes
- Jessup
- Konterra
- Lake Shore
- Linthicum Heights
- Lutherville Timonium
- Maryland City
- Middle River
- Millersville
- Mitchellville
- Naval Academy
- New Carrollton
- Nottingham
- Owings Mills
- Parkton
- Parole
- Phoenix
- Pikesville
- Reisterstown
- Riva
- Severn
- Severna Park
- South Laurel
- Sparrows Point
- Sykesville
- Upper Falls
- West Friendship
- White Hall
- Windsor Mill
- Woodbine
- Woodmore
Neighborhoods in Ferndale, MD
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Ferndale, MD is seeing rapid growth and Ferndale, MD's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Ferndale, MD is part of Anne Arundel 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 Anne Arundel is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Ferndale, MD
Median Rent in Ferndale, MD
Top 4 Reasons to Live in Ferndale, MD
Great home values in the area! The entire country took a hard hit during what has come to be known as The Great Recession, but Ferndale hasn't seen much of a negative effect. Home values have increased by nearly 20 percent during the last decade. Whether you want to purchase property near North Glen Park or are looking at rent to own houses along Cabin Branch, you'll definitely be making a great investment in a commodity that's showing growth.
Exceptional chances to travel! Even though it's considered a smaller community, Ferndale provides easy access to anything around it and even the world. Interstate 97 runs through Baltimore, and I-95 offers convenient access to the entire east coast. If you feel like going farther, catch at flight at the nearby Baltimore/Washington International Airport.
Amazingly low property taxes! One of the greatest perks of calling Ferndale home is the area's exceptionally low property taxes. Ferndale residents enjoy rates that are over 30 percent less than the national average. Taxes in Baltimore are nearly double what residents in Ferndale pay, which means you can enjoy a healthier bank account. Whether you use these savings to learn to play a new instrument over at the local Guitar Center or to take frequent trips up the I-895A toll road to Baltimore, you'll know that you've earned these little perks.
Several great food choices! Being near Baltimore provides an amazing chance to try foods from all over the world, but making that drive isn't even necessary, thanks to a few forward-thinking entrepreneurs who set up eateries in and around Ferndale. Los Portales, for instance, has some of the best Tex-Mex and Mexican cuisine you will ever try. Snag a margarita while you're there, too! Or if you're not feeling up for Mexican, just head over to the All American Sport Bar for, you guessed it, some great all-American food.