Rent to own Homes in Oak Harbor, WA
Washington State has a lovely coastline and plenty of outdoor appeal. In the case of Oak Harbor, residents enjoy a location on Whidbey Island, which is part of Island County, Washington. Incorporated in 1915, Oak Harbor includes approximately 9.5 square miles of land and is called home by about 22,000 residents. Though it is separated from the main part of the state, it has plenty to offer residents with its unique and historical appeal.
Oak Harbor, WA is a great place for affordable rent-to-own homes! With a median household income of over $56,889 and a median rent of $1,250, the Oak Harbor, 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 Oak Harbor, 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 Oak Harbor, WA Property Resources
Rent to own Homes in Cities Near Oak Harbor, WA
Neighborhoods in Oak Harbor, WA
No neighborhoods foundPopular Zip Codes in Oak Harbor, WA
No zip codes foundBuying a Home in Oak Harbor, WA
Oak Harbor, WA is seeing rapid growth and Oak Harbor, WA's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Oak Harbor, WA is part of Island 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 Island is 0.7% which is below the national average, which is 0.99%.
Median Home Price in Oak Harbor, WA
Median Rent in Oak Harbor, WA
Top 6 Reasons to Live in Oak Harbor, Washington
History to discover! Oak Harbor has no shortage of unique history for its residents to discover. There is the old downtown cinema, which was burned down in 2005 and now serves as a historical monument. The Deception Pass Bridge is a standing piece of history, designated as a National Historic Monument in 1982.
Park land to explore! The Parks and Recreation Department of Oak Harbor takes pride in its little island community. There are a variety of parks maintained by this department. Among the largest, the Deception Pass State Park offers 4,100 acres of land and no shortage of trails, campsites, and picturesque landscapes. The Windjammer Park is another highlight of the city and offers a waterfront trail to enjoy.
Competitive housing market! The average cost of homes for sale in Washington is $243,000. In Oak Harbor, the average is only about $212,000, making it much easier to afford a nice place to live. Furthermore, there are hundreds of houses on the market, making it that much easier to find one that fits your preferences. Penn Cove Park has some of the most lavish homes in the city. Alternatively, Swantown is a great place to find affordable prices.
Affordable apartments! Of course, if you don't wish to invest in a house, you can always look at apartments or rental homes. The average rental is also lower than the state as a whole, resting at about $1,000 per month. Regacy on Whidbey is one of the prominent local complexes. Harbor Tower Village is another place to check out. You may also want to consider rent to own homes.
Local entertainment! There are a variety of great entertainment options available in Oak Harbor. You can catch a new movie at the Blue Fox Drive-In Theatre at night, or you can learn some interesting history by paying a visit to the Naval Air Museum.
Small town events! Like many cities of its size, Oak Harbor hosts a variety of local events to keep the residents connected. The First Friday event includes an art walk and late night shopping each month. There are also more specialized events, such as the annual Whidbey Island Marathon.