Rent to own Homes in Mount Vernon, WA
Located in the beautiful Pacific Northwest, Mount Vernon is a small city nestled in Skagit County. First settled in 1870, the city owes a great deal to the railroad for its growth and development throughout the 20th century. Classified as a cool dry-summer subtropical zone, it shares characteristics with the Mediterranean in the summer months. Known for its annual Tulip Festival Street Fair, it was once rated the Best Small City in America.
Mount Vernon, WA is a great place for affordable rent-to-own homes! With a median household income of over $63,194 and a median rent of $1,056, the Mount Vernon, 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 Mount Vernon, 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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Neighborhoods in Mount Vernon, WA
Riverside rent to own homes Thunderbird rent to own homes Downtown Mount Vernon rent to own homes Kulshan Creek rent to own homes Digby Heights rent to own homes West Mount Vernon rent to own homes South Kincaid rent to own homes Historic Downtown Mount Vernon rent to own homes West Hill rent to own homes Fir Hill rent to own homesPopular Zip Codes in Mount Vernon, WA
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Mount Vernon, WA is seeing rapid growth and Mount Vernon, WA's' housing market remains not optimal with an average home price that is 42% above the 2024 national average. Mount Vernon, 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 Mount Vernon, WA
Median Rent in Mount Vernon, WA
Top 5 Reasons to Live in Mount Vernon, WA
The historic Lincoln Theatre! Mount Vernon has deep historical roots, and many of its buildings can be traced to the early 20th century, including the Lincoln Theater, built in 1926. Today, it hosts a multitude of functions, including plays, concerts, and films. Located in the downtown area, it is a perfect place to get a bit of history, while experiencing modern life. Head over to the Trumpeter Public House or the Empire Ale House for some drinks after the show.
Home values are rising! Mount Vernon's average home appreciation rose 6.9% in the last year, with an average of 14% in the last two years. This increase in property value is a great indicator for those looking to buy a home and settle in this beautiful town. The neighborhoods of Big Lake, Conway, and Avon have the highest property values in the city.
Wilderness awaits! Mount Vernon is home to beautiful landscapes, characteristic of the Pacific Northwest as a whole. From local favorites, like the Roozengaarde Display Garden, which illustrates the success of a green thumb, to nature's majestic landscapes found in Padilla Bay National Estuarine Research Reserve, Mount Vernon offers a wide variety of all the great outdoors has to offer. The Research Reserve has views of the Skagit River and is known for its great opportunities for viewing wildlife.
Summer festivals! Mount Vernon has a variety of summer festivals that take place all summer long and offer a great selection of celebrations for local residents. Stroll down the street during the Tulip Festival Street Fair in April, join in on the artistic fun at the Summer Solstice Celebration in the middle of June, or take your friends and family down to the local breweries during Brewfest in August. From spring to the end of the summer, Mount Vernon is home to fun, festivities, and culture.
Low rental rates! With the median rate of rental properties at $901, it is a great time to look for places to rent straight out or to rent to own. New properties are being built along the waterfront, and the city has plans to build a promenade with new condos facing the river. East College Way and City Center are popular neighborhoods for renting.