Rent to own Homes in Moses Lake, WA
Even though Moses Lakes sits only two and a half hours southeast of Seattle, it experiences a semi-arid climate, unlike the rainy environment that many associate with the Pacific Northwest. Located on the shores of Moses Lake, the town boasts a population of under 21,000 residents. About five miles outside of the city sits the Grant County International Airport, which is one of the largest airports in the nation. The facility is the jet training ground for NASA, Boeing and the U.S. military.
Moses Lake, WA is a great place for affordable rent-to-own homes! With a median household income of over $60,136 and a median rent of $965, the Moses 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 Moses 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 Moses Lake, WA Property Resources
Rent to own Homes in Cities Near Moses Lake, WA
Neighborhoods in Moses Lake, WA
No neighborhoods foundPopular Zip Codes in Moses Lake, WA
98837 rent to own homesBuying a Home in Moses Lake, WA
Moses Lake, WA is seeing rapid growth and Moses Lake, WA's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Moses Lake, WA is part of Grant 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 Grant is 0.98% which is below the national average, which is 0.99%.
Median Home Price in Moses Lake, WA
Median Rent in Moses Lake, WA
Top 4 Reasons to Live in Moses Lake, WA
A trail friendly community! Moses Lake is a biker's dream with bike lanes, sidewalks and shoulders that are over four feet across. The Cascade Park/Water Tower Loop lets hikers, walkers and riders go from park to park within the city and surrounding countryside with loops of varying distance. The Big Bend Loop starts at the Big Bend Community College and is favored by both bikers and walkers who are seeking a leisurely stroll.
Rising house values help spur home sales! The value of homes in Moses Lake have been exhibiting a continuous rise in recent years. One year ago, a home averaged $109 per sq. ft. and has risen to $117 per sq. ft. since then. Such a rate increase has spurred area home sales and made rent to own houses a more sought after commodity. Rent to own homes have become a popular alternative to help many pursue home ownership. For buyers seeking a more conventional home loan, they can talk to the mortgage professionals at the local Guild Mortgage Company or Eagle Home Mortgages.
Museum and art functions abound! The Moses Lake Museum & Art Center is run by the Moses Lake Parks & Recreation Department. It provides ongoing art programs for locals in the neighborhood. Local artists can use the museum as a venue to display their talent. Each year, there is also a local photo contest where the town's residents can display their photography skills.
Population growth and burgeoning house market! Both the population and house market of Moses Lake are growing. In the last few years, the town has experienced a 25 percent plus growth rate. Despite its growth, the cost of living in the town remains 8 percent below the national average. Most homes for sale hover around the $122,000 price range, but there are cheaper and higher price residences available.