Rent to own Homes in Montgomery Village, MD
Whether you are new to the D.C. metro area or have lived there your whole life, Montgomery Village is a community that has a lot to offer. This beautiful village is located close to metropolitan living, but sheltered from the city, making it a wonderful place to raise a family. Montgomery Village has great amenities, beautiful green space and rising real estate values.
Montgomery Village, MD is a great place for affordable rent-to-own homes! With a median household income of over $82,135 and a median rent of $1,637, the Montgomery Village, 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 Montgomery Village, 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 Montgomery Village, MD
- Ashton-Sandy Spring
- Braddock
- Burnt Mills
- Clarksville
- Cooksville
- Damascus
- Dayton
- Dickerson
- Difficult Run
- Eldersburg
- Flower Hill
- Four Corners
- Fulton
- Great Falls Crossing
- Highland
- Hutchison
- Ijamsville
- Kincora
- Kings Park
- Kings Park West
- Konterra
- Langley Park
- Laytonsville
- Lincolnia
- Linganore
- Long Branch
- Lowes Island
- Merrifield
- Moorefield
- Mount Airy
- Navy
- One Loudoun
- Pimmit Hills
- Ravensworth
- Sandy Spring
- Seven Corners
- Springfield
- Sterling
- Sykesville
- Takoma Park
- Union Mill
- University Park
- Walkersville
- Washington
- Waterford
- West Friendship
- Wheaton
- White Oak
- Woodbine
- Woodburn
Neighborhoods in Montgomery Village, MD
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20886 rent to own homesBuying a Home in Montgomery Village, MD
Montgomery Village, MD is seeing rapid growth and Montgomery Village, MD's' housing market remains not optimal with an average home price that is 43% above the 2024 national average. Montgomery Village, MD is part of Montgomery 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 Montgomery is 0.76% which is below the national average, which is 0.99%.
Median Home Price in Montgomery Village, MD
Median Rent in Montgomery Village, MD
Top 7 Reasons to Live in Montgomery Village
Rising median home values! Montgomery Village has median home values that are similar to the state of Maryland's, which is higher than the national average. In 2000 the median real estate value in the community was only about $140,000, but today the median real estate value is just over $278,000. This means Montgomery Village is an excellent place to invest in real estate that is growing in value. Find a house for sale along Crested Iris Drive or in the neighborhood of Forest View Place.
Great rent to own opportunities! The community is also an excellent area to find opportunities to rent to own. With a median gross rent of $1,411, Montgomery VIllage is affordable for the majority of professionals who work in the D.C. metro area. This is an excellent way to obtain a property in one of the best communities in Maryland! Find a house for rent around Broadwater Drive or around Yankee Harbor Place.
Close to several metro areas! Located just outside Gaithersburg, Montgomery Village is conveniently close to several major metro areas, including D.C. and Baltimore. This makes it an excellent community for professionals who commute to any of these areas. The MCDOT is just one transportation option that Montgomery Village has to offer. Per the Montgomery County Department of Transportation website, the Metrorail and the Metrobus are two other options around Montgomery Village.
Wonderful dining! Montgomery Village is home to a wide variety of outstanding restaurants that cater to every palette, including Thai House Restaurant, Athens Grill, Tortacos and Paradise Biryani Pointe. Whatever cuisine you prefer, you can probably find it here.
Beautiful parks and recreational opportunities! There are over a dozen parks in the Montgomery Village area, including Centerway Park. South Valley Park is located near beautiful Lake Whetstone, where residents can go boating or simply relax on the shore.
Enjoy the nightlife! For a night out, residents can also stop by the Village Cafe or O'Malleys Pub.
All your shopping needs! Hit the nearby Trader Joe's or Global Food Inc. when you run out of your favorite treat. If you're looking for a specialty item there's the Africana International Market on Rothbury Drive.