Rent to own Homes in Lake Stevens, WA
Although Lake Stevens was officially incorporated in 1960, its community history can be traced back to the late 19th century. Named for the lake it surrounds, Lake Stevens is nestled in beautiful Snohomish County. With the claim for the largest and deepest lake in Snohomish County, Lake Stevens is known for its water based activities such as boating, swimming and fishing.
Lake Stevens, WA is a great place for affordable rent-to-own homes! With a median household income of over $93,087 and a median rent of $1,663, the Lake Stevens, 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 Lake Stevens, 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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Rent to own Homes in Cities Near Lake Stevens, WA
- Alderwood Manor
- Algona
- Bainbridge Island
- Beaux Arts Village
- Bellevue
- Black Diamond
- Bothell West
- Boulevard Park
- Brier
- Burien
- Cathcart
- Cavalero
- Clearview
- Clyde Hill
- Cottage Lake
- Covington
- Des Moines
- East Hill-Meridian
- Eastmont
- Edmonds
- Esperance
- Fall City
- Federal Way
- Fobes Hill
- High Bridge
- Indianola
- Issaquah
- Kent
- Kingsgate
- Kingston
- Lake Forest Park
- Lake Holm
- Lakeland North
- Lakeland South
- Lake Morton-Berrydale
- Lake Stevens
- Larch Way
- Lynnwood
- Meadowdale
- Mountlake Terrace
- Mukilteo
- Normandy Park
- North Lynnwood
- Picnic Point
- Riverton
- SeaTac
- Seattle
- Shoreline
- Silver Firs
- Tukwila
Neighborhoods in Lake Stevens, WA
Vernon Park rent to own homes Lake Stevens Water Front rent to own homes Glenwood rent to own homes Hillcrest Terrace rent to own homes Frontier Heights rent to own homes Crosswater Condominium rent to own homes South Lake Stevens rent to own homes Downtown Lake Stevens rent to own homesPopular Zip Codes in Lake Stevens, WA
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Lake Stevens, WA is seeing rapid growth and Lake Stevens, WA's' housing market remains not optimal with an average home price that is 77% above the 2024 national average. Lake Stevens, WA is part of Snohomish 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 Snohomish is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Lake Stevens, WA
Median Rent in Lake Stevens, WA
Top 4 Reasons to live in Lake Stevens, WA
Enjoy the lake! The stunning lake offers plenty of areas to swim, fish, picnic, take a boat out for a day, sunbathe or just enjoy the scenery. Once a private and public resort community, Lake Stevens has expanded to become a beautiful suburban community. The lake has many access points, such as Wyatt Park, Sunset Park, Mill Cove Reserve and the City Boat Launch. You can dock your boat from any of these access areas.
Rising property appropriation! With the average property value rising about 9.2 percent over the past year, property value was above $300,000 in 2014. The neighborhoods of Lake Bosworth and Machias have seen the highest rise in property value in the city. With 74 percent ownership rate and 85 percent of homeowners living in the same house for over a year, people are moving in and staying at a high rate.
Gorgeous wilderness! Although the lake is the focal point of the town, the city offers a variety of wilderness opportunities, including a multitude of parks, trails and ballparks. Activities such as hiking, biking, picnicking, swimming and horseback riding can be done all over Lake Stevens. Some of these recreational areas include: Centennial Woods, Lundeen Park, Mill Cove Reserve, North Cove Park, Bonneville Field, Cavalero Park and Sunset Park.
Affordable rent! 26 percent of people rent in Lake Stevens, which means that finding a rental apartment or house will be a breeze. With the average rental house going for about $1,250, finding a beautiful place to live that is also affordable is doable. Whether you are looking to rent for a short period of time or looking for a place to rent to own, Lake Stevens has something for you. Some of the most popular neighborhoods to rent in are Lake Bosworth, Lochsloy, West Lake Stevens and City Center.