Rent to own Homes in Owings Mills, MD
Owings Mills, Maryland is a small community of 30,622 people that is situated just outside of Baltimore, in Baltimore County. In 2008, CNNMoney.com named Owings Mills number 49 of the "100 Best Places to Live and Launch." Owings Mills boasts exceptional air quality, wonderful shopping, ample entertainment options, higher-than-average employment rates, and friendly people. With world-class shopping centers such as Owings Mills Mall, exceptional dining opportunities, and scenery that will knock your socks off, Owings Mills is a perfect place to call home!
Owings Mills, MD is a great place for affordable rent-to-own homes! With a median household income of over $83,106 and a median rent of $1,558, the Owings Mills, 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 Owings Mills, 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 Owings Mills, MD Property Resources
Rent to own Homes in Cities Near Owings Mills, MD
- Annapolis Junction
- Ashton
- Ashton-Sandy Spring
- Baldwin
- Bel Air North
- Clarksville
- Cooksville
- Curtis Bay
- Davidsonville
- Dayton
- Dundalk
- Essex
- Forest Hill
- Fort George G Meade
- Freeland
- Garrison
- Glenelg
- Greenbelt
- Gunpowder
- Halethorpe
- Hanover
- Harmans
- Hunt Valley
- Hydes
- Jessup
- Konterra
- Lake Shore
- Linthicum Heights
- Lutherville Timonium
- Maryland City
- Middle River
- Millersville
- Nottingham
- Owings Mills
- Parkton
- Parole
- Phoenix
- Pikesville
- Reisterstown
- Riva
- Severn
- Severna Park
- South Laurel
- Sparrows Point
- Sykesville
- Upper Falls
- West Friendship
- White Hall
- Windsor Mill
- Woodbine
Neighborhoods in Owings Mills, MD
No neighborhoods foundPopular Zip Codes in Owings Mills, MD
21117 rent to own homesBuying a Home in Owings Mills, MD
Owings Mills, MD is seeing rapid growth and Owings Mills, MD's' housing market remains not optimal with an average home price that is 22% above the 2024 national average. Owings Mills, MD is part of Baltimore 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 Baltimore is 0.87% which is below the national average, which is 0.99%.
Median Home Price in Owings Mills, MD
Median Rent in Owings Mills, MD
Top 5 Reasons to live in Owings Mills, MD
Get ready for some football! Owings Mills is home to the Baltimore Ravens Complex, which is less than a quarter-mile from the city center. The complex is the winning NFL team's training center (2014 stats are 6-4) and is open for those who would love to catch a glimpse of them in action. It's a great place for children too, as this complex offers more than 2,500 youth a safe place to exercise, play team sports and participate in after-school activities. It features a 60 yard artificial football field that is used for youth sports such as football, baseball, soccer and lacrosse. There is also a world-class running track.
Famous horse racing! Travel a mere seven or so miles to Baltimore to visit the Pimlico Race Course for some of the finest horse racing and the home of the Preakness Stakes Racing center, the second leg of the Triple Crown that is held after the Kentucky Derby. The Preakness has been called "The Run for the Black-Eyed Susans," because these beautiful yellow flowers are placed around the winner's neck. This training and racing center was featured in the film Seabiscuit and offers much more than horse racing, including fine 4-star dining at the Terrace and two other restaurants.
Prime real estate! The real estate market is prime for buying in 2014, as the median sales prices have not reached the 2007-2008 bubble prices; this means houses are still affordable. Rent to own homes are available, as well, for prices that remain low and are predicted to rise in the next few years. A 1,400 square foot, 3-bedroom, 2.5-bath Townhouse or Condo can be had for well under $300,000.
Real estate appreciation! The real estate values in Owings Mills is seven points above the national average, standing at a 2.91 percent increase since 1990. So, if you purchase a home in this lovely town, your equity is sure to build quickly.