Rent to own Homes in Bonney Lake, WA
Conveniently situated just 45 minutes from Seattle and only 30 from Tacoma, this pleasant suburban city has a population of over 17,000 residents. Its great location also provides residents with a view of lovely Mt. Rainier's snow capped peak. Beautiful Lake Tapps borders the community, offering fishing, boating, and bird-watching. There's great community spirit here, too, with seasonal events all year long, including a summer farmer's market and music series.
Bonney Lake, WA is a great place for affordable rent-to-own homes! With a median household income of over $100,951 and a median rent of $1,658, the Bonney Lake, 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 Bonney Lake, 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.
More Bonney Lake, WA Property Resources
Rent to own Homes in Cities Near Bonney Lake, WA
- Algona
- Artondale
- Boulevard Park
- Browns Point
- Burien
- Burley
- Canterwood
- Clover Creek
- Dash Point
- Des Moines
- Eatonville
- Edgewood
- Elk Plain
- Federal Way
- Fife
- Fife Heights
- Fircrest
- Fox Island
- Frederickson
- Gig Harbor
- La Grande
- Lakebay
- Lakeland North
- Lakeland South
- Maplewood
- McKenna
- McMillin
- Midland
- Milton
- Nisqually Indian Community
- Normandy Park
- North Fort Lewis
- North Puyallup
- North Yelm
- Parkland
- Prairie Ridge
- Purdy
- Puyallup
- Raft Island
- Riverton
- Rosedale
- Roy
- Ruston
- SeaTac
- Seattle
- South Hill
- Tukwila
- University Place
- Wauna
- Wollochet
Neighborhoods in Bonney Lake, WA
Downtown Lake Tapps rent to own homes Lake Tapps rent to own homes Midtown rent to own homes Eastown rent to own homes Bonney Lake rent to own homesPopular Zip Codes in Bonney Lake, WA
98391 rent to own homesBuying a Home in Bonney Lake, WA
Bonney Lake, WA is seeing rapid growth and Bonney Lake, WA's' housing market remains not optimal with an average home price that is 71% above the 2024 national average. Bonney Lake, WA is part of Pierce 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 Pierce is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Bonney Lake, WA
Median Rent in Bonney Lake, WA
6 Reasons to Reside in Bonney Lake, WA
Fun community-building activities! There's always something fun in the air at Bonney Lake. In April, there's Parks Appreciation Day to commemorate Arbor Day, and in December an annual tree is lit, along with a food and toy drive. A Haulin' Eggs Fun Run takes place in April. In the summer, Alan Yorke Park hosts music concerts and an outdoor market every weekend.
Food finds for all types! Trapper's Sushi is a local favorite with a wide of variety of fresh fish options. At Thien Thai, it's all about the noodles. Hop Jacks bar and grille is known for its nachos and happy hour, and as a good place to catch a Seahawks game on a big screen. NW Caps and Taps is a craft beer destination.
A great home investment! With a median value more than 37% higher than other Washington neighborhoods and 64% higher than other U.S. communities, finding a rent to own property here can be a solid investment in the future. No matter what neighborhood you choose, from South Prairie near the green space of the South Prairie Preserve, or near Lake Tapps, you can't go wrong.
Get out and enjoy nature! Enjoy the many trails throughout the city, including those at the south end of Lake Tapps and along Alan Yorke multi-use trail along Fennel Creek. Park. The WSU demonstration forest off South Prairie Road offers yet more hiking options. The city is currently planning another multi-use trail along Fennel Creek, an excellent area for birding.
Shopping and Entertainment! With the Sunridge Village Shopping Center and a major Regal Theaters ten-screen multi-plex, Bonney Lake has plenty of buying and browsing options. Major chains like Office Depot are also located here.
Many types of homes! Locations, housing sizes, and housing types vary throughout this community, providing a variety of choices for those looking to locate here. Medium to large single family homes and mobile homes dot the 218th Street area near Tapps Lake and not far from the White River Amphitheater. In the City Center off Highway 410, you'll find smaller homes, townhomes and apartment buildings.