Rent to own Homes in Centralia, WA
Located in Lewis County, Centralia is a small and thriving city with a 2010 population of 16,366. What was once a halfway stopover for one of the earliest stagecoach routes in the United States, is now a bustling small city. Led by a booming economy, the top employers in Centralia include companies like TransAlta Corp. Residents rave about the numerous local attractions like the 15 city parks, historic landmarks and local great festivities like the annual Christmas Tree Lighting
Centralia, WA is a great place for affordable rent-to-own homes! With a median household income of over $40,625 and a median rent of $916, the Centralia, 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 Centralia, 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 Centralia, WA Property Resources
Rent to own Homes in Cities Near Centralia, 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 Centralia, WA
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Centralia, WA is seeing rapid growth and Centralia, WA's' housing market remains optimal with an average home price that is -25% below the 2024 national average. Centralia, WA is part of Lewis 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 Lewis is 0.77% which is below the national average, which is 0.99%.
Median Home Price in Centralia, WA
Median Rent in Centralia, WA
Top 6 Reasons to Live in Centralia, WA
Can't-Miss Local Attractions! First opened in 1930, the Fox Theatre is one of the oldest cinemas in the state and was refurbished in 2004. Head to the iconic McMenamin's Olympic Club and Theater to watch various foreign films, musicals and plays or enjoy a Terminator Stout in the renowned pub.
Take Advantage of the Great Outdoors! Home to 15 spectacular parks, residents of Centralia like to head to Fort Borst Park for more than 100 acres of hiking, trails and sports facilities. Or, head to the recently completed Sports Complex and Hub that is home to a baseball stadium, multiple Little League fields, a turf football field and much more.
Great Shopping! For stores like Aeropostale, Bath & Body Works and Nike Clearance Store head to the Centralia Factory Outlets in the city center. Or, grab some fresh and organic produce at the Centralia Farmer's Market held every Friday from May to September.
Delicious Local Cuisine! Rated as the best breakfast place in the town, Berry Fields Cafe offers everything from eggs to homemade pancakes. Head to Judy's Country Kitchen Restaurant for delicious homemade staples like homestyle pot roast or a fried chicken dinner with biscuits and gravy.
Home Values are Soaring! Per Zillow, the median home value in Centralia has exploded 4.9% to 140,400 in less than a year. With home values expected to continue rising, a rent to own home remains a great option in a neighborhood like Fords Prairie or Seminary Hill Road.
Median Sale Price on the Decline! In 2009, the median sale price of a single family home in Centralia peaked at nearly $190,000; however, in the five years since, the figure has dropped drastically to just $154,000 in October 2014. With the median sale price showing no signs of increasing, now is the perfect time to buy a home in a desirable community like Wabash or Newaukum.