Rent to own Homes in South Riding, VA
Northern Virginia is one of the fastest growing and most dynamic areas of the country, with new residents moving to the region every day to take advantage of the strong economy. South Riding, located just outside of the Washington, D. C. metropolitan area, is one of the region's jewels. A planned community of just over 24,000, South Riding has beautiful neighborhoods, exciting amenities, and a strong school system.
South Riding, VA is a great place for affordable rent-to-own homes! With a median household income of over $168,738 and a median rent of $2,366, the South Riding, 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 South Riding, 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 South Riding, VA Property Resources
Rent to own Homes in Cities Near South Riding, VA
- Alexandria
- Annandale
- Aquia Harbour
- Arlington
- Ashburn
- Bailey's Crossroads
- Boswell's Corner
- Braddock
- Brambleton
- Bristow
- Broadlands
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Calverton
- Cherry Hill
- Dickerson
- Difficult Run
- Dulles Town Center
- Dumfries
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Great Falls Crossing
- Hutchison
- Innovation
- Kincora
- Kingstowne
- Leesburg
- Leesylvania
- Linton Hall
- Loch Lomond
- Mantua
- Marshall
- Midland
- Moorefield
- Moorefield Station
- Mount Vernon
- Nanjemoy
- Navy
- Nokesville
- Oakton
- One Loudoun
- Opal
- Quantico
- Sudley
- Union Mill
Neighborhoods in South Riding, VA
South Riding rent to own homesPopular Zip Codes in South Riding, VA
20152 rent to own homesBuying a Home in South Riding, VA
South Riding, VA is seeing rapid growth and South Riding, VA's' housing market remains not optimal with an average home price that is 152% above the 2024 national average. South Riding, VA is part of Loudoun 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 Loudoun is 1.01% which is above the national average, which is 0.99%.
Median Home Price in South Riding, VA
Median Rent in South Riding, VA
Top 4 Reasons to Move to South Riding, VA
Great for commuters! South Riding is perfectly situated to give residents easy access to all major economic centers in the Northern Virginia and Washington, D. C. region. South Riding is situated right on Virginia Highway 50. From there, commuters have access to offices in Tysons Corner, Arlington, Alexandria, and other areas. Residents can also avoid traffic by taking commuter rail or the Metro. The recently completed Silver Line has stops near South Riding with parking for commuters. South Riding also has a Carpool Rideshare for resident commuters.
Join an active community! Everyone who buys a home in South Riding automatically becomes a member of the South Riding Community Association. This grants access to a huge variety of amenities and activities, including tennis courts, three swimming pools, a fishing pier, basketball courts and more. Association members also compete in the Holiday House decorating competition.
Wide variety of available real estate! As South Riding is a planned community, developers have anticipated the needs of many potential residents. Rather than just homes or just townhouses, home buyers have plenty of options. The town's booming real estate market ranges from updated townhouse with granite counter tops and stainless steel appliances to starter homes on smaller lots to palatial homes on large, rolling acre-plus estates. With home prices currently on a slight decline - dropping 3.2 percent from August to November - now is a great time to shop. South Riding is one of the best residential locations in the Northern Virginia area, and all homes are near the quaint Rangoli's Indian Restaurant, a bonus.
Appreciating home prices! Northern Virginia is one of the country's booming regions and at 3.2 percent, it has the lowest unemployment rate of any major metro region, which all translates into strong real estate growth. Last year, homes in South Riding increased in value at a rate of 7.3 percent, and this trend looks to continue as more companies and jobs move to the region. Rent to own shoppers can take comfort in the strong market, especially when considering the amenities that come with the community.