Rent to own Homes in Renton, WA
Located 11 miles southeast of Seattle and on the south shores of Lake Washington, Renton, Washington, is an ideally placed community for people who love living near natural wonder and a world-class city. Nearby transportation corridors make getting around relatively easy, while a bounty of parks and green space offer families beautiful retreats. Home to a final assembly point for Boeing 737 aircraft, as well as other industries, Renton is an important center of employment.
Renton, WA is a great place for affordable rent-to-own homes! With a median household income of over $79,824 and a median rent of $1,612, the Renton, 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 Renton, 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 Renton, WA Property Resources
Rent to own Homes in Cities Near Renton, WA
- Alderton
- Alderwood Manor
- Algona
- Bainbridge Island
- Beaux Arts Village
- Bellevue
- Black Diamond
- Bothell West
- Boulevard Park
- Brier
- Browns Point
- Burien
- Cathcart
- Clearview
- Clyde Hill
- Cottage Lake
- Covington
- Dash Point
- Des Moines
- East Hill-Meridian
- Edgewood
- Edmonds
- Enumclaw
- Esperance
- Fall City
- Federal Way
- Fife
- Fife Heights
- High Bridge
- Issaquah
- Kent
- Kingsgate
- Lake Forest Park
- Lakeland North
- Lakeland South
- Larch Way
- Lynnwood
- Milton
- Mountlake Terrace
- Normandy Park
- North Lynnwood
- North Puyallup
- Prairie Ridge
- Puyallup
- Riverton
- SeaTac
- Seattle
- Shoreline
- Silver Firs
- Tukwila
Neighborhoods in Renton, WA
Chinquapin Ridge rent to own homes Leisure Estates rent to own homes Falcon Ridge rent to own homes Maple Ridge Estates rent to own homes Summerfield rent to own homes La Crosse rent to own homes South Lake Washington rent to own homes Highbury Park rent to own homes Vantage Glen rent to own homes Tiffany Park rent to own homesPopular Zip Codes in Renton, WA
98056 rent to own homes 98057 rent to own homes 98055 rent to own homesBuying a Home in Renton, WA
Renton, WA is seeing rapid growth and Renton, WA's' housing market remains not optimal with an average home price that is 103% above the 2024 national average. Renton, 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 Renton, WA
Median Rent in Renton, WA
Top Reasons to Live in Renton WA
Housing Statistics Renton is situated in King County and is home to about 95,000 people. The end of August 2013 saw Renton with a median home list price of $348,480, which represented a 22 percent increase from the year before. The median sales price for the May through July period was $295,000, an 11.5 percent increase from the previous year based on 607 sales. Renters comprise 42 percent of people living in Renton and the vacancy rate is 7.5%. Rent to own houses represent a small, but viable part of the real estate market in Renton. The median age of homes in the city is 25 years and the average monthly rent for all properties is $1,055.
Local Events and Festivals Renton is a city that loves its festivals. The biggest of the year comes in late July and is termed Renton River Days. Families can enjoy a parade, arts and craft events, stage entertainment, plenty of food options and sporting events spread out over multiple locations over several days. The Renton Historical Museum offers free admission during River Days and the Annual Art Show has become a local tradition that goes back more than 50 years. It is divided into three divisions and all art work displayed is available for sale. Events like an annual golf tournament and scavenger hunt add to River Days fun. The Harvest Festival happens in early October and features vendors, entertainment and family fun. The Spring Festival gives a chance to celebrate the new season. Annual Fourth of July fireworks, a car show, a concert series at Coulon Park and the Farmers Market are more fun diversions in the city.
Active Nightlife Renton has an active and varied nightlife. From well-known chains to unique options like the Berliner Pub, restaurants in town have great food to get your night started. Great pubs with fine handcrafted brews on tap are a Pacific Northwest tradition and Renton has several to choose from. A Terrible Beauty Irish Pub has everything you would expect from a top-notch joint with an Irish theme. Get your dance groove on at the 888 Lounge, Club Monte Carlo, or Nations PubLiq. Bender's Bar is a favorite for karaoke fun. Vino at the Landing is a classic wine bar with great snacks, Several sports bars give fans great locations to cheer on their favorite teams with friends. Creative Bus is a Renton company that will provide transport for you and your crew when you want to hit the town.
Renton Neighborhoods Renton has dozens of recognized neighborhoods that include historic homes and established communities, as well as brand new developments. The city park system is big enough that no matter where you live, you will be near one of its green spaces. Here's a look at some of Renton's neighborhoods: