Rent to own Homes in Lexington Park, MD
Lexington Park, MD is a great place for affordable rent-to-own homes! With a median household income of over $72,920 and a median rent of $1,486, the Lexington Park, 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 Lexington Park, 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 Lexington Park, MD
- Andrews AFB
- Andrews Air Force Base
- Avenue
- Baden
- Bensville
- Brandywine
- Brown Station
- Bryantown
- Callaway
- Calvert Beach
- Charlotte Hall
- Cheltenham
- Chesapeake Beach
- Chesapeake Ranch Estates
- Churchton
- Clinton
- Colonial Beach
- Coltons Point
- Croom
- Dahlgren Center
- Deale
- Drayden
- Dunkirk
- Eagle Harbor
- Faulkner
- Fort Washington
- Friendship
- Golden Beach
- Hughesville
- Huntingtown
- Issue
- Leonardtown
- Lexington Park
- Long Beach
- Lusby
- Marlboro Meadows
- Marlboro Village
- Mechanicsville
- Melwood
- Newburg
- Park Hall
- Port Republic
- Port Tobacco
- Rock Point
- Rosaryville
- Solomons
- Tall Timbers
- Tracys Landing
- White Plains
- Wildewood
Neighborhoods in Lexington Park, MD
Downtown Lexington Park rent to own homesPopular Zip Codes in Lexington Park, MD
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Lexington Park, MD is seeing rapid growth and Lexington Park, MD's' housing market remains optimal with an average home price that is -12% below the 2024 national average. Lexington Park, MD is part of St. Mary'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 St. Mary's is 0.66% which is below the national average, which is 0.99%.