Rent to own Homes in Ilchester, MD
Nestled between Ellicott City and Elkridge and bordered by the Patapsco River, Ilchester is an unincorporated community of approximately 24,000 people. Ilchester was founded in 1761 by mill owner John Cornthwaite, who chose this spot of earth to set up the Dismal Mill grist mill in present-day Ilchester, thanks to its proximity to the Patapsco River. In the early 1800s, Ilchester became a railroad hub after the B&O railroad came to town. The railroad attracted settlers and jobs, and Ilchester is now a thriving community with easy access to Baltimore.
Ilchester, MD is a great place for affordable rent-to-own homes! With a median household income of over $123,438 and a median rent of $1,766, the Ilchester, 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 Ilchester, 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 Ilchester, MD Property Resources
Rent to own Homes in Cities Near Ilchester, MD
- Annapolis Junction
- Burnt Mills
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Clarksville
- Cooksville
- Curtis Bay
- Dayton
- Forest Glen
- Four Corners
- Glenarden
- Greenbelt
- Halethorpe
- Hanover
- Hunt Valley
- Konterra
- Lake Arbor
- Langley Park
- Layhill
- Linthicum Heights
- Marlboro Meadows
- Marlboro Village
- Maryland City
- Maryland Park
- Mayo
- Mitchellville
- Naval Academy
- New Carrollton
- North Bethesda
- North Brentwood
- North Chevy Chase
- North Kensington
- Parole
- Peppermill Village
- Phoenix
- Rockville
- Sandy Spring
- Seat Pleasant
- Severna Park
- South Laurel
- Sparrows Point
- Takoma Park
- University Park
- Washington
- West Friendship
- Wheaton
- White Oak
- Windsor Mill
- Woodbine
Neighborhoods in Ilchester, MD
Ilchester rent to own homesPopular Zip Codes in Ilchester, MD
21075 rent to own homesBuying a Home in Ilchester, MD
Ilchester, MD is seeing rapid growth and Ilchester, MD's' housing market remains not optimal with an average home price that is 82% above the 2024 national average. Ilchester, MD is part of Howard 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 Howard is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Ilchester, MD
Median Rent in Ilchester, MD
Top 4 Reasons to Live in Ilchester, MD
Watch your town on TV! This old mill town is home to more than history. The remnants of the former St. Mary's College showcase the architecture of the past and attract sightseers and television crews. The hit show "Supernatural" came to Ilchester to film its season four finale at the local landmark. Another landmark that seems destined for its TV debut is the Patterson Viaduct. It was almost destroyed by a flood in the late 1800s, but you can still see plenty of the structure. It's listed on the National Register of Historic Places.
Easy access to Girl Scout cookies! One of the most popular destinations in Ilchester proper is Camp Ilchester, which has been a popular Girl Scouts of America camp since 1949. Besides the lodge and primitive camping sites you'd expect from a Girl Scout camp, Camp Ilchester is also home to the Clementine Peterson Activity Center and Caitlin Dunbar Nature Center. Both attractions are open to the public and hold classes and special events throughout the year.
Attractive suburban neighborhoods! With nearly 77% of residents in this community owning their homes, the attractive neighborhoods are a major selling point. Subdivisions like Ilchester Woods and Ilchester Heights are oozing with curb appeal. Some 19% of the homes here are rented, which provides plenty of opportunities for you to find rent to own homes. The housing market has been stable for the last several years, with housing prices averaging around $400,000.
Strong housing market! The average home in the charming neighborhoods is larger than most, with at least four or five bedrooms. The housing market in Ilchester is fairly competitive. The average listing price has stayed fairly stable, with listing prices showing an upward trend. If you can manage to lock in a property in an attractive community like Ilchester Landing or Glynchester Farm, for example, you can be confident that you've made a wise investment.