Rent to own Homes in Greenbelt, MD
Greenbelt, MD, is home to about 23,000 residents in Prince George's County. It's one of several "green" towns designed in 1935 under the US Settlement Administration's plan for cooperative communities. "Old Greenbelt," as the historical section of town is now called, was originally meant to be a self-sufficient town that housed some overflowing population from nearby Washington D.C. The original spirit of Greenbelt lives on with cooperative, affordable housing.
Greenbelt, MD is a great place for affordable rent-to-own homes! With a median household income of over $71,744 and a median rent of $1,644, the Greenbelt, 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 Greenbelt, 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 Greenbelt, MD Property Resources
Rent to own Homes in Cities Near Greenbelt, MD
- Annapolis Junction
- Bensville
- Camp Springs
- Cedar Heights
- Cheltenham
- Clarksville
- Cooksville
- Damascus
- Dayton
- Difficult Run
- Flower Hill
- Fort Washington
- Four Corners
- Glenarden
- Great Falls Crossing
- Greenbelt
- Halethorpe
- Hanover
- Konterra
- Lake Arbor
- Langley Park
- Laytonsville
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Melwood
- Mitchellville
- Morningside
- National Harbor
- New Carrollton
- North Brentwood
- Parole
- Peppermill Village
- Queenland
- Sandy Spring
- Seat Pleasant
- Severna Park
- Silver Hill
- South Laurel
- Takoma Park
- Temple Hills
- University Park
- Upper Marlboro
- Washington Navy Yard
- West Friendship
- Wheaton
- White Plains
- Woodbine
Neighborhoods in Greenbelt, MD
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Greenbelt, MD is seeing rapid growth and Greenbelt, MD's' housing market remains not optimal with an average home price that is 4% above the 2024 national average. Greenbelt, 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 Greenbelt, MD
Median Rent in Greenbelt, MD
Top 5 Reasons to live in Greenbelt, Maryland
Apartments for rent with pets allowed! Most of us have tried to find a great rental to share with our furry loved ones at some time or another, and it's not always easy! Things are different in Greenbelt, thankfully, where you can find all sorts of great rental homes where Fluffy and Barkley are perfectly welcome. Check out the beautiful studio and 1 bedroom apartments on Lakecrest Drive, or head over to Morrison Drive for a gorgeous 3 bedroom townhouse with a stone facade.
Albert S. Buddy Attik Lake Park! Greenbelt Lake not only offers stunning views from nearby houses and apartment buildings, but it's also a source of outdoor entertainment. The Albert S. Buddy Attik Lake Park is named for a pioneer of Greenbelt, Walk the 1.25 mile lake trail, or settle in on the picnic benches and kid's playground and make use of the public grill station (basketball courts are adjacent). Reserve a nice spot in the park via the Recreation Business Office.
Affordable housing! Housing prices have dropped in the last year, which is frustrating for current homeowners but great news for potential real estate investors. The City of Greenbelt is actively engaged in helping citizens find affordable housing, which means that new home owners always have less expensive choices no matter how strong the housing market is. Check out Greenbelt Development or Greenbelt Homes for rent to own houses and opportunities to invest in local real estate.
Solid employment options! There are several strong employers in Greenbelt, offering news jobs and careers of all sorts. The City of Greenbelt is actually the number one employer in the city, so check out the municipal listings if you're seeking both property and employment! Other options include the Eleanor Roosevelt High School, Safeway and ManTech International.
It's bikeable! While some errands require a car, you'll be able to get many of your errands done on bike in Greenbelt! Whether you fancy a lazy ride through Greenbelt Park or you need to pick up a few things from the Greenbelt Consumer Cooperative, a bike can be your best friend in this community.