Rent to own Homes in Glen Burnie, MD

Most rental houses and rent to own home options in this area are single family homes; however, there are a few townhouses. The median price point of $226,168 reflects the large numbers of single family homes in the area. Housing prices and sales remain stable, with small increases in the median sales price and average price per square foot. Home sales have increased more than 35 percent, bringing the number of sales up to 323. Listing prices vary highly, depending on the Glen Burnie neighborhood, with some homes starting at an asking price of more than $1,000,000.

Glen Burnie, MD is a great place for affordable rent-to-own homes! With a median household income of over $74,932 and a median rent of $1,346, the Glen Burnie, 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 Glen Burnie, 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.