Rent to own Homes in Tumwater, WA
The first permanent pioneer settlement on Puget Sound and part of the Olympic metro area, Tumwater got its name from a mixture of English and the native Chinook dialect. Tumwater is famous as the former home of the Olympia Beer brewery, whose brick building still stands by the riverside and serves as one of Tumwater's architectural landmarks. Currently around 17,500 people call this city where the Deschutes River meets the Puget Sound home.
Tumwater, WA is a great place for affordable rent-to-own homes! With a median household income of over $76,676 and a median rent of $1,266, the Tumwater, 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 Tumwater, 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 Tumwater, WA Property Resources
Rent to own Homes in Cities Near Tumwater, WA
- Anderson Island
- Artondale
- Bucoda
- Centralia
- Chehalis
- Cinebar
- DuPont
- Fircrest
- Fords Prairie
- Fort Lewis
- Fox Island
- Grand Mound
- Grapeview
- Herron Island
- Home
- Ketron Island
- Key Center
- Lacey
- Lakebay
- Lakewood
- Longbranch
- McChord AFB
- McKenna
- Nisqually Indian Community
- North Fort Lewis
- North Yelm
- Olympia
- Raft Island
- Rainier
- Rochester
- Rosedale
- Roy
- Shelton
- Steilacoom
- Tacoma
- Tanglewilde
- Tenino
- Tumwater
- University Place
- Vaughn
- Wollochet
- Yelm
Neighborhoods in Tumwater, WA
Carlyon North rent to own homes New Market rent to own homes Tumwater Town Center rent to own homes Tumwater Hill rent to own homes Mottman Black Lake rent to own homes Tumwater Airport rent to own homes Brewery rent to own homes Deschutes rent to own homes Southeast Capitol Boulevard rent to own homes Trosper rent to own homesPopular Zip Codes in Tumwater, WA
98511 rent to own homesBuying a Home in Tumwater, WA
Tumwater, WA is seeing rapid growth and Tumwater, WA's' housing market remains not optimal with an average home price that is 44% above the 2024 national average. Tumwater, WA is part of Thurston 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 Thurston is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Tumwater, WA
Median Rent in Tumwater, WA
6 Reasons to Love Living in Tumwater, Washington
Tumwater Falls! The lower of three falls on the Deschutes River, Tumwater Falls are part of a city park system that provides residents with great recreational opportunities. A half mile of trails on both sides of the river are connected through foot bridges with picturesque views. On the edge of the park is Falls Terrace Restaurant, where you can enjoy waterfall views while dining.
Stable and growing housing market! The median listing price of $255,000 was up 4 percent in 2014, indicating moderate growth and stability, and the market for rent to own opportunities should remain strong. Look for homes near Capitol Blvd SE for easy access to I-5, downtown Tumwater and Olympia. For a more rural feel, check out the neighborhoods along Littlerock Road SW.
Interesting wining and dining! For an incredible glass of Pacific Northwest wine in an intimate setting, Uncork & Unwind on Custer Way SW is a must. Ramirez Mexican Restaurant on Capitol Blvd. SW is a local favorite for fun, casual fare. When it's time to enjoy fine Italian, try Pellegrino's Italian Kitchen on Cleveland Ave. SE.
Gateway to outdoor recreation! Lying at the southernmost point of Puget Sound, Tumwater is a gateway to exploring, boating and fun. Olympic National Park is a short drive to the northwest and Rainier National Park is not far to the east.
More home for your buck! Tumwater homes average more square feet than many nearby places, making a large home more affordable -- the median square foot price of $123 is mighty attractive. The part of the community north of the airport and near Munn Lake offers new construction. Look at the established areas east of City Center for some nice values as well.
Black Lake and Trosper Lake! Find a home with a dock at Black Lake and be able to take to the water at will. It's a regional fun spot that is on the west edge of town. A smaller body of water, Trosper Lake is fun for fishing or kayaking and canoeing.