Rent to own Homes in Des Moines, WA
Des Moines is a city in the Pacific Northwest just south of Seattle on the Puget Sound. The first known settler arrived in 1867, and the city has since become a thriving spot for those looking for beautiful views and a laid back lifestyle. Whether you're hopping on a boat in the city's marina or hiking a trail in one of its parks, Des Moines is a historic city with inlets, bays and beaches that will capture your heart.
Des Moines, WA is a great place for affordable rent-to-own homes! With a median household income of over $70,268 and a median rent of $1,390, the Des Moines, 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 Des Moines, 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 Des Moines, WA Property Resources
Rent to own Homes in Cities Near Des Moines, 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 Des Moines, WA
South Des Moines rent to own homes Woodmont rent to own homes North Central rent to own homes North Hill rent to own homes Zenith rent to own homes Redondo rent to own homes Marina District rent to own homes Pacific Ridge rent to own homes Central Des Moines rent to own homesPopular Zip Codes in Des Moines, WA
98198 rent to own homesBuying a Home in Des Moines, WA
Des Moines, WA is seeing rapid growth and Des Moines, WA's' housing market remains not optimal with an average home price that is 74% above the 2024 national average. Des Moines, WA is part of King 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 King is 0.88% which is below the national average, which is 0.99%.
Median Home Price in Des Moines, WA
Median Rent in Des Moines, WA
Top 3 Reasons to Live in Des Moines, WA
Great Rental Opportunities! With a welcoming 39 percent of renters living in Des Moines, short term rentals or rent to own properties abound in the city. With the average rental priced at $1,035, finding an affordable place to live is easy in this beautiful city. Whether you want to settle in the popular Woodmont Beach area or in one of the other popular neighborhoods of North Hill, Zenith or City Center, Des Moines has great opportunities for renting.
The Puget Sound! With most of the city overlooking the gentle waters of the Puget Sound, the city is in a great location for fun activities, beautiful landscapes and breathtaking views. Whether you head down to Saltwater State Park for a picnic or to hang out on the beach, or go looking for a fun walk on the water at Redondo Beach, where you can walk along the boardwalk and eat at Salty's, life in Des Moines is centered around the Puget Sound. In the Des Moines Beach Park, you can find a play area, trails, walking paths, a creek, a picnicking area, a beach, scenic views, places to sit, rental facilities and a cycling trail. The parks, beaches and views of the Puget Sound provide entertainment, scenery and activities for all those living and visiting this beautiful city. Many of the residents even have great views of Vashon Island.
Rising Home Valuations! Home appreciations have risen an amazing 12.09 percent in the past year and an even greater 23.1 percent in the past two years, which demonstrates an upward trend that is agreeable to those looking for a place to settle and invest in the housing market. With a retention rate of 83 percent, folks coming into the city are staying in their houses for more than a year. The neighborhoods that have seen the greatest appreciation rates are North Hill, S 240th St and Zenith.