Rent to own Homes in Cottage Lake, WA
Cottage Lake, WA is a small community nestled in the larger King County. The city's population was 22,494 in the 2010 census. In 2013, the real estate company Caldwell Banker announced that Cottage Lake was the fastest growing suburb in the country. Residents can find rent to own homes and enjoy close access to all the amenities of the Seattle Metropolitan Area.
Cottage Lake, WA is a great place for affordable rent-to-own homes! With a median household income of over $162,521 and a median rent of $2,054, the Cottage Lake, 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 Cottage Lake, 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 Cottage Lake, WA Property Resources
Rent to own Homes in Cities Near Cottage Lake, WA
- Alderwood Manor
- Algona
- Bainbridge Island
- Beaux Arts Village
- Bellevue
- Black Diamond
- Bothell West
- Boulevard Park
- Brier
- Burien
- Cathcart
- Cavalero
- Clearview
- Clyde Hill
- Cottage Lake
- Covington
- Des Moines
- East Hill-Meridian
- Eastmont
- Edmonds
- Esperance
- Fall City
- Federal Way
- Fobes Hill
- High Bridge
- Indianola
- Issaquah
- Kent
- Kingsgate
- Kingston
- Lake Forest Park
- Lake Holm
- Lakeland North
- Lakeland South
- Lake Morton-Berrydale
- Lake Stevens
- Larch Way
- Lynnwood
- Meadowdale
- Mountlake Terrace
- Mukilteo
- Normandy Park
- North Lynnwood
- Picnic Point
- Riverton
- SeaTac
- Seattle
- Shoreline
- Silver Firs
- Tukwila
Neighborhoods in Cottage Lake, WA
English Hill rent to own homesPopular Zip Codes in Cottage Lake, WA
98077 rent to own homesBuying a Home in Cottage Lake, WA
Cottage Lake, WA is seeing rapid growth and Cottage Lake, WA's' housing market remains not optimal with an average home price that is 290% above the 2024 national average. Cottage Lake, WA is part of King 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 King is 0.88% which is below the national average, which is 0.99%.
Median Home Price in Cottage Lake, WA
Median Rent in Cottage Lake, WA
Top 5 Reasons to Live in Cottage Lake, WA
Strong property values! Homeowners in Cottage Lake, WA have access to some of the highest values in the country. The median price in October 2014 was $680,000; prices vary according to location. Woodinville, Echo Lake and Duvall are a few of the most popular neighborhoods in the area.
Outdoor recreation! Bassett Pond Natural Area and the adjacent Cold Creek Natural Area have more than 250 acres for residents to enjoy the great outdoors. The area has an extensive wetland system, and its numerous springs are among the leading salmon-bearing areas in the vicinity of Big Bear Creek. The Redmond Watershed Preserve is a natural open space that has a complex trail system for hiking, horseback riding and biking. Altogether, the preserve includes more than 800 acres of woodlands. The Aerial Adventure Park at Redhook provides a challenging competition course that is filled with obstacles. The course holds team-building activities and offers exciting adventures for group participants.
Excellent cuisine! At the Purple Cafe and Wine Bar, diners can enjoy American cuisine in a relaxed atmosphere. Whether you prefer the lobster mac and cheese or chicken Marsala, you'll find something at the four-star restaurant. If you love steaks, head over to Moeida for a little Asian fusion. The Barking Frog serves fresh steak and seafood and a variety of Northwest favorites.The Barking Frog is located at the Willows Lodge and makes a great destination for a weekend escape.
Local wine! Chateau Ste. Michelle is open daily for tours and tastings. The local winery's roots trace back to the repeal of prohibition, and Ste. Michelle was one of the first wineries to begin making wine in the Columbia Valley. Alexandria Nicole Cellars offers regular tours and tasting, and visitors can arrange private events with wine and menu pairings.
High homeownership rates! 88 percent of residents own their own home, and only 8 percent are renters. Rental homes are in high demand, and the average lease is $2,391 per year. In Cottage Lake, you can decorate your living space with local artwork from Bassetti's Crooked Arbor. Many residents choose the area because it offers access to multiple transportation options, like the Tolt Pipeline Line Trail.