Rent to own Homes in Anacortes, WA
The town got its name from a founder, Amos Bowman, who chose it to honor his wife, Anna Curtis. The area had been home to Samish and Swinomish natives for thousands of years before the first pioneer settlers arrived in the 1700s, leading to the formal formation of Anacortes in 1879. Now, the city is home to over 16,000 people and sits at the top of Fidalgo Island, about 90 minutes north of Seattle.
Anacortes, WA is a great place for affordable rent-to-own homes! With a median household income of over $74,161 and a median rent of $1,264, the Anacortes, WA 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 Anacortes, WA. 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.
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98221 rent to own homesBuying a Home in Anacortes, WA
Anacortes, WA is seeing rapid growth and Anacortes, WA's' housing market remains not optimal with an average home price that is 105% above the 2024 national average. Anacortes, WA is part of Skagit 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 Skagit is 0.86% which is below the national average, which is 0.99%.
Median Home Price in Anacortes, WA
Median Rent in Anacortes, WA
7 Reasons to Love Living in Anacortes, Washington
Strong housing market! The median home selling price in late 2014 of $325,000 was up 10.1% from the year before, indicating strong growth for the future. Housing choices run from large homes with boat docks near the water, like on Flounder Bay, to smaller properties inland, such as the neighborhoods near Volunteer Park.
Deception Pass! One of only two ways to drive onto the island, the bridge at Deception Pass got its name because sea captain George Vancouver was at first fooled into thinking Fidalgo Island was a peninsula. Its iconic vistas of the hills, cliffs and water are a must-see. Deception Park also offers exceptional hiking.
Full service marinas! There are several large marinas ready to handle your boat. From Anacortes Marina on Fidalgo Bay across to Island to Skyline Marina, there are plenty of boat slips in town. For connections north, the ferry terminal at Ship Harbor offers ferry service to Lopez Island and Sydney, B.C.
Nice choice of restaurants! A' Town Bistro sits in an historic downtown building and offers exceptional fare; it's especially loved for the seafood. Gere-A-Deli, also in Old Town, is a local favorite that's also a great place to grab a bite before heading to the ferries.
Cranberry Lake Park! The hikes near the park are fairly easy and very picturesque, especially when there are cranberries floating. It's in town and easy to get to. Other great city parks include Washington Park and Cap Sante Park.
Affordable rents! The average monthly rents here run slightly below the national average and the vacancy rates do as well. That means it's not too difficult to find a rental property or search for rent to own houses. Parkview Condominiums is a nice smaller complex near John Storvik Playground; Bayside Apartments is a larger complex with good amenities.
Drive to the mountain top! Near town, take the drive all the way to the summit of Mt. Erie and get set for some incredible views. When you have the time there's also a trail for hiking up. Take the Pacific Northwest Trail over to Whistle Lake from the road to Mt. Erie for another great hike.