Rent to own Homes in Monroe, WA
Monroe, located in beautiful Snohomish County, is a place where past and present blend together. The city began life as Tye City with close connections to the Great Northern Railway, but it was renamed in the late 1800s. Monroe, with over 17,500 residents, is conveniently located near the excitement and opportunities of Seattle. In Monroe, you'll find a wide selection of homes, gourmet restaurants and local craft breweries.
Monroe, WA is a great place for affordable rent-to-own homes! With a median household income of over $88,683 and a median rent of $1,586, the Monroe, 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 Monroe, 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 Monroe, WA Property Resources
Rent to own Homes in Cities Near Monroe, 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
Popular Zip Codes in Monroe, WA
No zip codes foundBuying a Home in Monroe, WA
Monroe, WA is seeing rapid growth and Monroe, WA's' housing market remains not optimal with an average home price that is 82% above the 2024 national average. Monroe, 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 Monroe, WA
Median Rent in Monroe, WA
Top 6 Reasons to Live in Monroe, WA
Natural beauty abounds! Monroe has a rich tapestry of hemlock and cedar forests, mountain views and scenic rivers. It is sandwiched between the Olympic National Park and Mount Rainier National Park, giving direct access to the great outdoors.
Plenty of activities available! Monroe is home to Evergreen State Fairgrounds, which hosts the annual 12-day Evergreen State Fair. A local favorite, the fair features a BBQ championship, tasty food, and plenty of antique autos and horse rides. The Evergreen Speedway also features exciting NASCAR races, and it is the only NASCAR sanctioned racetrack in all of Washington.
Real estate with lasting value! Monroe is south of Lake Stevens, and it is the fastest growing community in the Skykomish River Valley area. People are flocking to this area. With 20 percent population growth in Monroe since 2000, new residents are helping underpin the strong housing market. In the last ten years, homes have appreciated nearly 14 percent.
A strong local economy! Monroe features plenty of job opportunities with approximately 10 percent of the population working health care and 9 percent in management positions. Other sectors include manufacturing, retail and science-related tech jobs. Down Route 522, you can be in downtown Seattle in only 45 minutes.
Eating local and fresh! With some of the best agricultural land in all of Washington State, it's easy to buy organic produce and dairy. Head to Sky River Farms to sample craft brews, fine wines and delicious cheeses. Their historic slaughterhouse has become a dance hall and gourmet food center. Adam's Northwest Bistro & Brewery is also popular with locals, featuring smoked locally caught salmon and pork belly appetizers.
A great selection of homes! Monroe, near the Cascade Mountains, is known for its great selection of homes, including ranch style properties, condos, and beautiful Victorian-style properties for a slice of Pacific Northwest Americana. Most buildings are single-family homes, which account for 65 percent of the homes in Monroe. Larger apartment buildings account for 20 percent. Many people also choose to rent to own their homes as a convenient living option.