Rent to own Homes in Redmond, WA
Incredible Scenery. Discover the reason people love Redmond, a small town located 15 miles from Seattle. From the snowy mountaintops of the Olympic Mountains to the peach sunsets settling over the deep waters of the Puget Sound, Redmond represents the very best of the Pacific Northwest environment and active lifestyle.
Redmond, WA is a great place for affordable rent-to-own homes! With a median household income of over $132,770 and a median rent of $2,009, the Redmond, 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 Redmond, 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 Redmond, WA Property Resources
Rent to own Homes in Cities Near Redmond, 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 Redmond, WA
North Redmond rent to own homes Willow - Rose Hill rent to own homes Sammamish Valley rent to own homes Education Hill rent to own homes Downtown Redmond rent to own homes Bear Creek rent to own homes Grass Lawn rent to own homes Southeast Redmond rent to own homes Overlake rent to own homes Viewpoint rent to own homesBuying a Home in Redmond, WA
Redmond, WA is seeing rapid growth and Redmond, WA's' housing market remains not optimal with an average home price that is 263% above the 2024 national average. Redmond, 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 Redmond, WA
Median Rent in Redmond, WA
11 Reasons to Live in Redmond, WA
High-Tech Economy. With headquarters in Redmond, one of the largest businesses is Microsoft Corporation. Microsoft contributes approximately 40, 000 jobs to the economy of Redmond. Additional significant companies in the area are Honeywell, Nintendo of America, AT&T Mobility and Genie Industries.
Rising Home Values. Home values soared 8.8% over the past year and the median home value is expected to rise 4.9% over the following year. At 9.3%, Redmond offers a very healthy housing market, according to the Market Health Index. If you like living near water or on highly sought-after property, check out homes near Lake Sammamish or Cottage Lake.
Lively Arts Community. Enjoy Redmond's vibrant arts community, with attractions like the Redmond Performing Arts Center, Eastside Symphony, Secondstory Repertory Theater and Vala Art Center. The Redmond Digital Arts Festival celebrates new media and artists with a juried art show and exhibition.
Amazing Fine Dining. Savor the diverse offerings from local to international cuisine, such as Bai Tong, Tropea Ristorante Italiano, Spicy Talk Bistro and Creperie de Paris. Dine at the Stone House, a restaurant inside the historic 1914 Wiley House, which features American foods distinguished by Pacific Northwest seasonal ingredients.
Awesome nightlife. Eating isn't the only specialty in Redmond, there are great opportunities for drinking here, too. Check out great beer bar Three Lions Pub or try a cocktail at Palmers East.
Outdoor Pursuits. Outdoor enthusiasts will delight in the many parks and recreational opportunities such cycling at the Group Health Marymoor Velodrome or swimming at Idylwood Beach Park. Spend time at the 550-acre suburban Marymoor Park; outdoor activities include baseball, picnicking, bird watching, jogging, climbing, cricket, soccer and concerts.
New Homes. In 2014, the average listing price for a new home in Redmond averaged $597,956. The most popular neighborhoods for new homes for sale and rent to own houses included Grass Law, Education Hill and Bear Creek.
Affordable Housing. Redmond offers affordable housing opportunities for community residents in the form of unique options such as rent to own houses, cottages, accessory dwelling units and backyard homes. If you want to rent an apartment for a month, expect to pay about about $897 for a one bedroom. These types of properties may be found as for sale by owner, rent to own options or as a rental house. Looking for a place to settle down? Search in neighborhoods like Southeast Redmond or Ames Lake.
Shopping Opportunities. The premiere shopping destination in Redmond is the Redmond Town Center, which offers 110 stores in an outdoor mall setting. Historic Redmond Downtown offers a more intimate shopping experience consisting of quaint boutiques and charming shops.
Overall Great Place to Live. In 2012, Money Magazine ranked Redmond as the number five on its "Best Places to Live in America" list. From new mansions to rent to own homes, Redmond has something for everyone in the Evergreen State. Search areas like Avondale/White and City Center. You'll get to be friends with your neighbors, too, since the annual residential turnover is only 27%.