Rent to own Homes in Rockville, MD
The rent to own options in Rockville, Maryland, may be just what you are looking for when it comes to both affordability and opportunities. The city, located in Montgomery County, is moderately sized, with more than 61,000 people calling it home. It is a part of the Baltimore and Washington Metro area, making it central to one of the nation's most bustling areas. It is close to Interstate 270, which provides connection to all of the businesses, government offices and entertainment venues nearby. Still, this city has its own charm and class, including old architecture like the Beall-Dawson House, which dates back to 1815.
Rockville, MD is a great place for affordable rent-to-own homes! With a median household income of over $111,797 and a median rent of $1,914, the Rockville, 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 Rockville, 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 Rockville, MD Property Resources
Rent to own Homes in Cities Near Rockville, MD
- Alexandria
- Annandale
- Arlington
- Ashburn
- Bailey's Crossroads
- Braddock
- Brambleton
- Broadlands
- Burke
- Burke Centre
- Cedar Heights
- Chevy Chase
- Chevy Chase Village
- Dickerson
- Difficult Run
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Flower Hill
- Forest Glen
- Fort Hunt
- Great Falls Crossing
- Hutchison
- Ijamsville
- Kincora
- Kingstowne
- Layhill
- Leesburg
- Mantua
- Moorefield
- Moorefield Station
- Mount Vernon
- Navy
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- One Loudoun
- Potomac
- Rockville
- Somerset
- Sugarland Run
- Travilah
- Union Mill
- Vienna
Neighborhoods in Rockville, MD
West Rockville rent to own homes Central Rockville rent to own homes East Rockville rent to own homesPopular Zip Codes in Rockville, MD
20851 rent to own homes 20850 rent to own homes 20847 rent to own homes 20848 rent to own homes 20849 rent to own homesBuying a Home in Rockville, MD
Rockville, MD is seeing rapid growth and Rockville, MD's' housing market remains not optimal with an average home price that is 148% above the 2024 national average. Rockville, 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 Rockville, MD
Median Rent in Rockville, MD
Top Reasons to Live in Rockville, MD
Housing Statistics The average listing price of a home for sale in this affluent area is $677,492, as of the beginning of August 2013. The median sale price for the second quarter of 2013 sat at around $475,000. In that time period, about 652 homes sold in the area. Finding an apartment to rent is not hard, because the city's Annual Residential Turnover rate sits at 20 percent. The median years in residence is three years.
Tourist Attractions Rockville's proximity to all of the monuments and attractions of Washington, D.C. makes this destination ideal for sightseeing. If you looking to stay in Rockville, check out the Free State Roller Derby for a sporting event unlike any you've ever seen. The city also has a vibrant music and theater scene, thanks to the Music Center at Strathmore, which is the Baltimore Symphony's second home, and the Fitzgerald Theater, which has been providing entertainment to locals since 1960.
Local Shopping Visitors and residents alike are sure to find a bargain while outlet shopping at Arundel Mills. Other shopping attractions include local shops, such as Butler's Orchard and Chuck Levin's Music Center. The City Place Mall in nearby Silver Spring is yet another shopping opportunity. For those willing to make a short trip (15 minutes) to McLean, Virginia, Tysons Galleria has shopping options, ranging from Tiffany's to Anthropologie.
School Systems Many rent to own houses are located near Rockville's main educational facilities. Most parents sent their students to Montgomery County Public Schools. There are a few highly acclaimed private schools here as well, including Charles E. Smith Jewish Day School and Montrose Christian School. For higher education, the Montgomery College, Rockville Campus is located here. Also nearby is the University of Maryland University College.
Weather and Climate With cold winters, often dipping into the teens and bringing with them occasional heavy snow, residents should be prepared for blustery December days. Summers tend to be warm and dry. You can even find homes with pools in the backyard, perfect for relaxing poolside after a long June day.