Rent to own Homes in Washington, UT
Due to the original settlers of Washington growing cotton in the area, the rest of the country has come to know the city as Utah's Dixie. The city refers to itself as "Where Dixie Begins." Either way, new residents can expect to live in an area where the population boom is underway, with a population growth of nearly 130% between 2000 and 2010. This continued population growth shows that the city may be wrong on one nickname, because it definitely isn't just a "Dog Town."
Washington, UT is a great place for affordable rent-to-own homes! With a median household income of over $75,389 and a median rent of $1,168, the Washington, UT 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 Washington, UT. 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 Washington, UT Property Resources
Rent to own Homes in Cities Near Washington, UT
Neighborhoods in Washington, UT
Green Springs rent to own homes Washington Bench rent to own homes Highland Park rent to own homes Coral Canyon rent to own homes Pine View Estates rent to own homesPopular Zip Codes in Washington, UT
84780 rent to own homesBuying a Home in Washington, UT
Washington, UT is seeing rapid growth and Washington, UT's' housing market remains not optimal with an average home price that is 52% above the 2024 national average. Washington, UT is part of Washington 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 Washington is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Washington, UT
Median Rent in Washington, UT
Top 3 Reasons to Live in Washington, UT
Strong housing market and values! The home values in Washington, UT have increased over 20 percent in the last decade, and nearly 10 percent in the last year alone. The remarkable growth rate is a welcome sign of a strong housing market where properties are in demand. This means anyone looking at rentals, rent to own houses, or seeking out mortgages for houses located anywhere from Veterans' Memorial Highway to Treasure Valley Park will have an investment that may continue to appreciate.
History and nature surround the area! For those interested in natural beauty, the countless surrounding national parks, such as the Red Cliffs National Conservation Area, offer amazing views of nature in all of her greatness. For those more interested in seeing man's conquering of nature, the Wells Fargo and Company Express Building over in the Silver Reef ghost town is an interesting museum. Of course, the nearby Jacob Hamblin House and Brigham Young Winter Home and Office also serve as museums for those interested in how mankind, and Washington in general, got to where it is today.
Amazingly low property taxes! Housing values here have been on the rise, and the average value in Washington is actually 25 percent higher than the national average. Fortunately, this isn't reflected in property taxes. In fact, the tax rate in the city is over 40 percent lower than the average in the rest of America. This means lots of savings, and that equates to weekly excursions to Zion National Park or even a road trip down to Las Vegas. With Interstate 15 going straight to Las Vegas, it may be hard to resist taking a quick trip. You could even use some of those tax savings to enjoy a fancy hotel suite or spend the night trying your luck at one of the casinos.