Property Management – Odenton, Maryland

Odenton

Odenton is located 20 minutes from Maryland’s state capital, Annapolis. According to the 2010 census, the population of Odenton is 37,132 with an 80% population growth rate since 2000. Odenton boasts the greatest growth in Anne Arundel County, making it a prime location for investment properties.

Odenton is an excellent area in which to own rental properties in Maryland. There is currently a large number of renters and frequent turnover of tenants, so you are almost guaranteed success in getting your property rented out quickly and consistently.

Living in Odenton has many key benefits that draw people in, creating a great market for rental property owners. Here are some of the main benefits of owning a rental property in Odenton.

Living in Odenton

Location

Odenton is conveniently located nearby to three major cities. It is only 20 minutes west of Annapolis, 30 minutes south of Baltimore, and a little over 40 minutes east of Washington, DC. Odenton has the convenience of public transportation into those bigger cities, as well as access to highways for those who prefer to drive themselves.

Many people working in the Annapolis, Baltimore, or Washington, DC will look for a smaller, quieter place to live. Smaller nearby towns have a more affordable cost of living, as is the case in Odenton. Renting provides people with the freedom of trying out a new area compared to the greater permanency of buying. With the current influx of people looking for rentals in these smaller surrounding areas, owning a rental property in Odenton is a quality investment.

Renting Property

Cost of Living

The median cost of living in Odenton is significantly lower than its larger surrounding cities, and at the same time is higher that the U.S. average. This creates a high demand for rental properties while allowing property owners the benefit of competitive rental rates that will still make them a profit.

rental rate

Safety

Odenton has a lower crime rate than the overall average of Maryland crimes, making it a safe place for people to live. Families looking to relocate from bigger, higher crime cities will be drawn to its low crime rate. Tenants look to rent homes in areas where they will feel safe and secure, and Odenton is just that. This also creates security for property owners. As a landlord, you can have peace of mind that your investment is protected and at a low risk of falling susceptible to crime.

Small Town Charm

Odenton is also a growing community creating the need for an increasing number of rentals. Odenton boasts an array of Single family town homes and condos in the comfort of a suburb that will draw in tenants.

If you are a homeowner in Odenton thinking of renting out your property, or if you are an investor looking to purchase an income property in Odenton, rest-assured you are stepping into a good rental market. With its location, cost of living, safety, and convenience, Odenton rental properties will make for a successful investment.