PG County, MD is one of the many places in the country where it is actually cheaper to buy than rent a home.
For people who are qualified to purchase this is a good time to buy a home in PG County, MD.
In Prince George's County the average 1 bedroom unit for rent is $1200/month with prices ranging from $750 to $2150 depending on location.
In Prince George's County the average 1 bedroom unit available for sale is $98,000 with units ranging from $19,000 to $328,000 depending on location.
A purchase price of 98,000 would mean a monthly payment of approximately $800 (this number will vary depending on purchase price, loan program, down payment amount, interest rate, taxes, property insurance, and any condo or HOA fees).
A purchase price of $100,000 may even get you something much larger than a 1 bedroom unit which means you may be able to buy a larger home than you would be able to afford to rent.
If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery, Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.
Dr. Stacey-Ann Baugh
Century 21 New Millennium
FINALLY! A DOCTOR WHO MAKES HOUSE-CALLS!
Information deemed reliable but not guaranteed!