Rent to own Homes in Parole, MD
Parole, Maryland, is a census-designated place in Anne Arundel County. Home to nearly 16,000 residents, Parole sits just west of Maryland's state capital, Annapolis. What's with the name, you may ask? Well, during the Civil War, prisoners of war from both the Confederate Army and the Union Army were brought to Parole for exchange. This means that Parole is kind of like Maryland's very own Australia! And who wouldn't want to live there?
Parole, MD is a great place for affordable rent-to-own homes! With a median household income of over $114,355 and a median rent of $1,869, the Parole, 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 Parole, 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 Parole, MD Property Resources
Rent to own Homes in Cities Near Parole, MD
- Annapolis
- Annapolis Junction
- Arbutus
- Baltimore Highlands
- Beltsville
- Bladensburg
- Bowie
- Bowleys Quarters
- Brooklyn Park
- Cape St. Claire
- Carney
- Catonsville
- Cedar Heights
- Churchton
- Clarksville
- Columbia
- Crownsville
- Curtis Bay
- Deale
- Elkridge
- Ellicott City
- Ferndale
- Fulton
- Glenarden
- Greenbelt
- Halethorpe
- Hampton
- Hanover
- Harwood
- Ilchester
- Kent Narrows
- Konterra
- Lake Arbor
- Lanham
- Largo
- Linthicum Heights
- Lutherville Timonium
- Marlboro Meadows
- Marlboro Village
- Mcdaniel
- Nottingham
- Parkville
- Romancoke
- Rosedale
- Shady Side
- Sherwood
- Sparrows Point
- White Marsh
- Windsor Mill
- Wittman
Neighborhoods in Parole, MD
No neighborhoods foundPopular Zip Codes in Parole, MD
21401 rent to own homesBuying a Home in Parole, MD
Parole, MD is seeing rapid growth and Parole, MD's' housing market remains not optimal with an average home price that is 112% above the 2024 national average. Parole, MD is part of Anne Arundel 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 Anne Arundel is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Parole, MD
Median Rent in Parole, MD
Top 4 Reasons to Live in Parole, MD
Home values on the rise! From 2013 to 2014, house values in Parole have risen more than four percent, and are expected to keep right on rising! If you want to own property near Saltworks Creek or the South Shore Trail, the best time to buy is right now. Years down the road, your home will have increased in value!
It's the right time to become a landlord! Rental costs in Parole are averaging $2,165 per month, which is about $80 higher than the rest of Annapolis. Not only is it a great time to buy a property in Parole, but it's the perfect time to own a rental property. Not only will your investment grow in value due to the rising housing market, but it will bring rental income along with it! Properties near General's Highway Corridor Park are a good, solid investment choice. You should also check out some available rent to own homes near the Annapolis Towne Center at Parole.
Awesome shopping! This small community is centered around the Annapolis Towne Center at Parole. Not only can you find all kinds of great local shops and services in this expansive plaza, but beautiful luxury apartments and condos as well. Residents love visiting Whole Foods, Anthropologie, Lou Lou and Sur la Table for groceries, fashions and top-quality cookware.
Unforgettable dining experiences! Staying out of the kitchen is easy in Parole, thanks to a wide range of dining options. Hit up The Burger Joint for a made-to-order, flame-grilled burger. Jimmy John's Gourmet Sandwiches has 25 different types of delicious sandwiches with cookies, chips or pickles on the side. Paladar and Qdoba offer delectable Latin foods, while The Chop House and Ziki's Japanese Steak House serve up some amazing steaks and sides. Check out Salad Works for something a bit lighter!