Rent to own Homes in SeaTac, WA
SeaTac is a city located in southern King County. It is a suburb of Seattle, Washington and has a population of just over 25,000. The city borders the Seattle-Tacoma International Airport, which is where the city gets its name. The city incorporated in 1990 and boasts a rapidly growing population. The city consists of four major community groups: Angle Lake, McMicken Heights, Riverton Heights and Bow Lake.
SeaTac, WA is a great place for affordable rent-to-own homes! With a median household income of over $66,131 and a median rent of $1,364, the SeaTac, 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 SeaTac, 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 SeaTac, WA Property Resources
Rent to own Homes in Cities Near SeaTac, WA
- Alderton
- Algona
- Bainbridge Island
- Beaux Arts Village
- Bellevue
- Black Diamond
- Bothell West
- Boulevard Park
- Brier
- Browns Point
- Burien
- Clearview
- Clover Creek
- Clyde Hill
- Cottage Lake
- Covington
- Crocker
- Dash Point
- Des Moines
- East Hill-Meridian
- Edgewood
- Enumclaw
- Fall City
- Federal Way
- Fife
- Fife Heights
- High Bridge
- Issaquah
- Kent
- Kingsgate
- Lake Forest Park
- Lake Holm
- Lakeland North
- Lakeland South
- Lake Morton-Berrydale
- McMillin
- Mercer Island
- Midland
- Milton
- Mountlake Terrace
- Normandy Park
- North Puyallup
- Prairie Ridge
- Puyallup
- Riverton
- SeaTac
- Seattle
- Shoreline
- South Hill
- Tukwila
Buying a Home in SeaTac, WA
SeaTac, WA is seeing rapid growth and SeaTac, WA's' housing market remains not optimal with an average home price that is 55% above the 2024 national average. SeaTac, 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 SeaTac, WA
Median Rent in SeaTac, WA
Top 5 Reasons to Live in SeaTac, WA
Home values are rising! SeaTac has seen significant rise in home value since 2000. In 2000, homes had an average value of just under $150,000 and in 2012, those values had risen to an average of just under $230,000. However, SeaTac homes are less expensive than the Washington State average of just under $250,000, which means you still may be able to find a home for a steal!
Beautiful History! SeaTac was settled along the Fort Steilacoom-Fort Bellingham military road in the 1850s but it had a thriving Native American population well before that time. In Angle Lake, two 300-year-old Native American canoes were discovered at the bottom of the lake by a scuba diver in almost perfect condition. Today, SeaTac promotes multicultural activities and awareness with its cultural centers and the presence of one of the world's largest international airports, Sea-Tac, founded in 1949.
Cultural activities year round! SeaTac offers hundreds of recreational activities for residents. SeaTac hosts dozens of community activities and events each year, including the Community Easter Egg hunt in the spring, the Backyard Wildlife Festival, the Theater in the Park and an annual Christmas tree lighting each December.
A Great Place to Grow! With an average rental price of $917 in 2012, many SeaTac residents rent to own in the neighborhoods of Angle Lake and McMicken Heights. Rent prices are lower than state average, which means residents are free to spend their funds on entertainment or airfare at the nearby Seattle-Tacoma airport.
Gorgeous Outdoor Spaces! Hiking trails, parks, boating, fishing and other outdoor activities abound in SeaTac. Try boating and fishing at Angle Lake Park and Bow Lake Park, visit the trails at Des Moines Creek Park and take the pooch to Grandview Off-Leash Dog Park. Experience beautiful outdoor spaces at Highline SeaTac Botanical Garden.