Rent to own Homes in Great Falls, VA
Great Falls, Virginia is a community in northern Virginia that is just under 20 square miles in area. With over 15,000 residents, Great Falls certainly has an appeal! The houses have sprawling yards with mature trees and the neighborhood is a stone's throw away from the nation's capital: Washington D.C. With parks, entertainment and culture, Great Falls, Virginia is an ideal place to live.
Great Falls, VA is a great place for affordable rent-to-own homes! With a median household income of over $238,828 and a median rent of $2,851, the Great Falls, VA 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 Great Falls, VA. 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 Great Falls, VA Property Resources
Rent to own Homes in Cities Near Great Falls, VA
- Adamstown
- Adelphi
- Aldie
- Alexandria
- Annandale
- Arlington
- Ashburn
- Aspen Hill
- Bailey's Crossroads
- Brambleton
- Broadlands
- Broad Run
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Cherry Hill
- Chevy Chase
- Chevy Chase Village
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Forest Glen
- Fort Hunt
- Kensington
- Kingstowne
- Layhill
- Leesburg
- Linton Hall
- Loch Lomond
- Mantua
- Moorefield Station
- Mount Vernon
- Nokesville
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Somerset
- Sudley
- Sugarland Run
- Travilah
- Vienna
- Yorkshire
Neighborhoods in Great Falls, VA
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22066 rent to own homesBuying a Home in Great Falls, VA
Great Falls, VA is seeing rapid growth and Great Falls, VA's' housing market remains not optimal with an average home price that is 419% above the 2024 national average. Great Falls, VA is part of Fairfax 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 Fairfax is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Great Falls, VA
Median Rent in Great Falls, VA
Top 6 Reasons to Live in Great Falls, VA
Visit the National Park! The city gets its name from the National Park that is in the area, Great Falls Park. The park overlooks the falls and the Potomac River, both which are stunning throughout the year. Explore over 800 acres of preserved land or grab a camera and snap some photos of the falls. Either way, it is one of the most beautiful parts of the area.
Home values are appreciating! Great Falls has been expanding at a rapid rate, which means home values are appreciating at a high rate as well. Properties are appreciating annually at a rate nearing 10%. A property in Great Falls is a solid investment for any homeowner.
Big City conveniences! Because Great Falls is in proximity to Washington D.C., at just under 20 miles away, residents of Great Falls can have all the conveniences of a major metropolitan city, without the hassle of urban living. If you don't want to make the trek, you'll still have plenty of luxury at home. After all, Great Falls has some of Virginia's finest restaurants, such as L'Auberge Chez Francois (considered by many locals to be the best souffle in the country) or Izumi Sushi.
Low unemployment! The unemployment rate in Great Falls is about half of the national average, so it's easy to stay busy. When you need time to unwind after a hard days work, be sure to grab a slice of 'za at Deli Italiano, or a drink at Katie's Coffee House.
Large property lots! The homes in Great Falls are on large lots. Many homes have lots between two and five acres. Whether you're looking at houses to buy or rent to own houses, having a large slice of land is certainly a luxury that Great Falls can offer. For a really great spot, check out the Town Center or the area surrounding Georgetown Pike.
Community Spaces! In addition to the national park, there are several other parks and places to explore in Great Falls. Riverbend County Park offers self-guided tours in kayaks, canoes or jon boats. There's also miles of trails to explore as well, including the Potomac Heritage Trail.