Rent to own Homes in Merrifield, VA
Located in Fairfax County, Merrifield is a suburban community that's bordered by Interstate 66 on the north, Arlington Boulevard on the south, Interstate 495 on the east, and Nutley Street on the west. This census-designated place (CDP) is an artist's paradise given the number of designers and artists flocking to this area, creating a community that has its own unique feel and character.
Merrifield, VA is a great place for affordable rent-to-own homes! With a median household income of over $126,531 and a median rent of $2,018, the Merrifield, 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 Merrifield, 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 Merrifield, VA Property Resources
Rent to own Homes in Cities Near Merrifield, 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 Merrifield, VA
No neighborhoods foundPopular Zip Codes in Merrifield, VA
22116 rent to own homesBuying a Home in Merrifield, VA
Merrifield, VA is seeing rapid growth and Merrifield, VA's' housing market remains not optimal with an average home price that is 146% above the 2024 national average. Merrifield, 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 Merrifield, VA
Median Rent in Merrifield, VA
Top 6 Reasons to Live in Merrifield, VA
Very accessible! With the number of thoroughfares coursing through this community, it's easy for residents to get to and from work. For example, it would take no more than 30 minutes to go to downtown Washington via I-66 or Arlington Blvd. In addition, for those who are not fond of getting behind the steering wheel, the Dunn Loring-Merrifield Metro Station serves as the gateway to neighboring areas. Washington Metropolitan Area Transit Authority buses have a stop at Lee Highway and Gallows Rd.
Reasonable property tax rate! At $9.06 per $1,000 of home value, the property tax rate in Merrifield is lower than the national average. This is why residential properties at Halstead and Avenir Place, which are also near the Metro Station, attract a lot of interest.
Dining delights! You don't have to go very far to satisfy your cravings for different cuisines. Merrifield has a host of restaurants with mouth-watering menus like Four Sisters Restaurant, BlackFinn, and Ovvio Osteria. For a dose of delectable Japanese sushi or Vietnamese Pho, the Passion Fin or Pho Thang Long restaurants offer a taste of Asian cuisines.
Ever-increasing home appreciation rate! The last 10 years has been excellent for Merrifield's real estate market with reported house appreciation rates consistently higher than the national average. This is largely due to redevelopment activity like the construction in the Mosaic District and the Vantage development. Because of these efforts, the real estate market in this community has seen a rise in demand for rent to own properties.
Arts and entertainment! Merrifield has a substantial arts and entertainment presence, as evidenced by the numerous studios, galleries, and performing arts studios in such a small community. Popular venues and galleries include Capital Art & Framing, Art in Motion Entertainment, Angelika Film Center, and Fred Astaire Dance Studios.
Urban parks! Merrifield is not just about urban developments; it's got room for recreational parks, too. Common hang-outs for a lazy afternoon include the Nottoway Park, Providence Recreational Center and Jefferson District Park and Golf Course.