First of all, congratulations on being financially able to move-up with a house purchase without having to sell your current dwelling. Not many folks nowadays are in a position to do so.
Oddly enough, I just pulled together some recent rental statistics for a client of mine this morning. The first page reflects detached homes and the second page, townhomes. These stats were created using the following criteria:
- Howard County-wide (not just 21045)
- 3BR, min
- 2FB, min
- 0+ HB
- 1+ garage
Here's the link to the statistics report:
Assuming that your townhome is a close match, the numbers should not be too far off. You should focus on the "Rented" information rather than the "Active" information, since the actives reflect asking prices, and the rented category reflects actual closed, rented listings. It appears that townhomes with the criteria noted are renting for an average price of $2,175, as measured in 2008, YTD.
If you would like me to run a fresh set of statistics with different criteria, please feel free to contact me via the contact information I've provided on my web site.