Rent to own Homes in Yakima, WA
The median sale prices for homes has taken a steep dive down to $105,000, making it an ideal time to consider a purchase. The sudden upswing in the number of homes sold, 41.4 percent higher than last year at this time, does mean that a quick closing is the only way to guarantee a purchase. Competition can be fierce when houses move rapidly. Average listing prices have also dropped, though only slightly to $244,511. The number of homes on the market and going into foreclosure (more than 600 in total) does offer those interested in rent to own homes serious negotiating power.
Yakima, WA is a great place for affordable rent-to-own homes! With a median household income of over $48,220 and a median rent of $879, the Yakima, 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 Yakima, 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 Yakima, WA Property Resources
Rent to own Homes in Cities Near Yakima, WA
Neighborhoods in Yakima, WA
Suburban Acre Homes rent to own homes Downtown Yakima rent to own homes Barge Chestnut Historic District rent to own homesBuying a Home in Yakima, WA
Yakima, WA is seeing rapid growth and Yakima, WA's' housing market remains optimal with an average home price that is -16% below the 2024 national average. Yakima, WA is part of Yakima 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 Yakima is 1% which is above the national average, which is 0.99%.
Median Home Price in Yakima, WA
Median Rent in Yakima, WA
Nightlife Yakima has plenty of options for those that like to spend their evenings out on the town. Bob's Keg and Cork offers an impressive selection of locally brewed products and live music to entertain jazz enthusiasts. Barrel House is a local treasure with a casual, intimate ambiance and is perfect for date night. Catching a game with friends or just relaxing over a beer is the thing to do at Sports Center, a full bar with lots of action and live music. Dinner and dancing is a tradition alive and well at Gilbert Cellars, a restaurant that keeps things a bit more relaxed with wine and beer service only. These are just a few of the options available to those that enjoy spending time in the hustle and bustle of the city.
Local Events and Festivals Yakima hosts a wide array of different outdoor events during the year, ranging from the annual Central Washington State Fair to more community driven events. Each year, the state fair has the Yakina Sunfair Parade to kick things off. During the holidays, Thomasville's Victorian Christmas combines caroling, carriage rides, and costumes to create a historic atmosphere. More than 30,000 people visit during the holiday season for festive shopping and fun. The Volkksfest All-VW Weekend is a great way to spend some time in September, with games, camping, and car shows available all weekend long. Harvest & Street Painting Fest is another great September event, which also helps beautify the city and keeps residents engaged in the community. The Yakima Folklife Festival, held in July, is great family fun, while thousands look forward to the Annual Rockin' New Year's Eve event held at the Millennium Plaza.
Neighborhoods Yakima has a lot of vibrant neighborhoods. Here are some you should know about: