Rent to own Homes in Spokane Valley, WA

Spokane Valley, Washington, is named for its location in the valley of the Spokane River. The city, which boasts a population just over 90,000, is rich with history, as the land was home to Native Americans, fur traders, and various settlements. Spokane Valley, known to residents simply as the Valley, features plenty of diversity. Agriculture remains a central part of the city's economy, which is growing along with its communities.

Spokane Valley, WA is a great place for affordable rent-to-own homes! With a median household income of over $56,351 and a median rent of $969, the Spokane Valley, 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 Spokane Valley, 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.