Rent to own Homes in Martha Lake, WA
Martha Lake, WA attracts residents for its easy living, access to the Seattle Tacoma Metropolitan Area and natural splendor. While the city's population is a cozy 15,473 according to the 2010 census, downtown Seattle is less than 20 miles on the I-5. With a diverse environment, Martha Lake offers access to saltwater beaches, an alpine wilderness and dense forests that cover nearly 68 percent of the surrounding area.
Martha Lake, WA is a great place for affordable rent-to-own homes! With a median household income of over $111,128 and a median rent of $1,757, the Martha 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 Martha 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 Martha Lake, WA Property Resources
Rent to own Homes in Cities Near Martha 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 Martha Lake, WA
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Martha Lake, WA is seeing rapid growth and Martha Lake, WA's' housing market remains not optimal with an average home price that is 123% above the 2024 national average. Martha Lake, WA is part of Snohomish 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 Snohomish is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Martha Lake, WA
Median Rent in Martha Lake, WA
Top 4 Reasons to Live in Martha Lake, WA
Home values are rising! In Martha Lake it's currently a great market for buyers and owners. The median house price has increased from $212,200 in 2000 to nearly $300,000 in 2012. Some of the most desirable areas within the city include the area around the Mill Creek Nature Preserve and the North Creek Park.
A beautiful setting! Martha Lake is set in the spectacular Pacific Northwest, and the city and surrounding areas are filled with parks. The Martha Lake County Park is a 6-acre site that is situated along the shores of Martha Lake, the city's namesake. The park has a fishing dock for anglers, a boardwalk for those who enjoy trekking through the forest and picnic shelters for community gatherings. Martha Lake Airport Park used to serve as an airport, but the property was sold to the city in 2000 to create a green space for the community. Currently, the park includes more than 26 acres of hiking trails, forests and the Big Rock, which was left behind by retreating glaciers thousands of years ago.
High rates of ownership! Martha Lake has a higher rate of home ownership than the rest of the state. Nearly 66% of all homes are owned by their residents. There are plenty of rent to own homes because the city had 5,906 housing units as of 2012. For convenient locations, try the communities near the Martha Lake Apartments or the Martha Lake Mobile Manor.
Eclectic cuisine! Martha Lake residents have abundant access to a wide variety of restaurants. For fresh seafood, try the Indigo Kitchen and Ale House. The restaurant is open for lunch and dinner and has a daily happy hour with more than 20 beers on tap. Good Guys Pizza offers fresh, hand-tossed pies. Casa Guerrero has authentic Mexican dishes and is known for its black bean soup.