4 of the Best Maryland Communities to Buy An Investment Property
by Bryan Zupan
on Friday, April 12th, 2019 at 3:21pm.
So you're thinking of investing in Maryland real estate, but not sure what community to choose?
Depending on your family's needs and lifestyle, there is an abundant array of communities to explore. The state as a whole features a booming job market, rich history, and all kinds of distinct amenities. If you're a fan of awe-inspiring landscapes and seafood dinners, this is your go-to state.
To help you narrow down your search, we've put together a list of 4 of the best Maryland communities to buy an investment property. Whether you're looking for a vacation property or a year-round home, experience vibrant Maryland living just beyond the nation's capital.
Looking for a luxurious Maryland estate that the whole family will love?
North Potomac is the answer.
The community of North Potomac awaits in west central Montgomery County, northeast of the Potomac River. North Potomac has received various accolades throughout the year due in part to its impressively non-existent crime rate, low unemployment rate, and high graduation rate. Indeed, the North Potomac school district is recognized as the 6th best in the state of Maryland, with a 96% high school graduation rate.
Blending the highlights of nearby communities like Rockville and Gaithersburg, North Potomac features tranquil neighborhoods, outstanding amenities, and unbeatable scenery. Residents of North Potomac enjoy spacious homes with plenty of room for entertaining large groups.
If there’s a downside to life in North Potomac, it’s the high cost of living. While North Potomac residents typically enjoy six-figure salaries, the price of real estate is considered quite high for the state, with a median home value of about $625,000.
The well-educated art aficionado will love life in Bethesda!
Bethesda is another Montgomery County option, otherwise known as the most educated city in the United States. Proudly playing host to Lockheed Martin, the National Institute of Health, Marriott International, and the Walter Reed National Military Medical Center, Bethesda real estate is one of the best investments money can buy.
Equipped with residential homes, apartments, and condos for sale, Bethesda residents often come from out of town or out of country and enjoy the various entertainment options of the community. Live theatre, public art, numerous festivals, 20 galleries, and a cinema are all popular attractions in Bethesda, in addition to the hundreds of nearby restaurants.
Recognized as the most educated town small town in America, Bethesda has a lot to offer to those looking to live outside of DC but retain cosmopolitan style.
When it comes to the best Maryland communities to buy an investment property, Montgomery County seems to reign supreme!
Garrett Park is yet another community of Montgomery County that grants residents the opportunity to live outside Washington, DC, but still benefit from the nearby amenities of the nation’s capital.
The Garrett Park community is located along the Potomac River between southern Maryland and northern Virginia, just inland from Chesapeake Bay. Featuring a wide selection of property types, homes for sale in Garrett Park are situated on winding streets surrounded by gorgeous greenery.
Although high real estate prices are common in Garrett Park, the community boasts a variety of amenities that make it ideal for young families and outdoor recreation lovers. Garrett Park locals love the community pool, and the assortment of small parks, sports fields, and playgrounds.
In contrast to many of the others on this list, Annapolis allows for affordable living right by the water!
This vibrant colonial town is the capital of Maryland, and for good reason.
Not only does Annapolis feature stunning 18th century architecture, but it’s famous for its beautiful shoreline and maritime charm. Sailing, fishing, kayaking, and paddleboarding are all common activities for Annapolis residents who are passionate about the great outdoors.
The median home value in Annapolis is about $375,000, making it much more accessible to first-time home buyers and young families. Due to its unique marine lifestyle, affordable living options, and historical significance - Annapolis easily makes our list of 4 of the best Maryland communities to buy an investment property!
To learn more about Maryland real estate and the communities listed here, contact the SIG team today! We'd be happy to help you find the Maryland investment property of your dreams.