Rent to own Homes in Spokane Valley, WA
Spokane Valley, Washington, is named for its location in the valley of the Spokane River. The city, which boasts a population just over 90,000, is rich with history, as the land was home to Native Americans, fur traders, and various settlements. Spokane Valley, known to residents simply as the Valley, features plenty of diversity. Agriculture remains a central part of the city's economy, which is growing along with its communities.
Spokane Valley, WA is a great place for affordable rent-to-own homes! With a median household income of over $56,351 and a median rent of $969, the Spokane Valley, 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 Spokane Valley, 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 Spokane Valley, WA Property Resources
Rent to own Homes in Cities Near Spokane Valley, WA
- Airway Heights
- Chattaroy
- Coeur d'Alene
- Coeur D Alene
- Colbert
- Country Homes
- Elk
- Fairfield
- Four Lakes
- Greenacres
- Green Bluff
- Hauser
- Latah
- Liberty Lake
- Mead
- Mica
- Millwood
- Newman Lake
- Nine Mile Falls
- Otis Orchards
- Otis Orchards-East Farms
- Post Falls
- Rathdrum
- Rockford
- Rockford Bay
- Spangle
- Spokane
- Spokane Valley
- State Line
- Town and Country
- Valleyford
- Veradale
- Waverly
Neighborhoods in Spokane Valley, WA
Spokane Valley rent to own homesPopular Zip Codes in Spokane Valley, WA
99206 rent to own homes 99212 rent to own homes 99216 rent to own homes 99037 rent to own homesBuying a Home in Spokane Valley, WA
Spokane Valley, WA is seeing rapid growth and Spokane Valley, WA's' housing market remains not optimal with an average home price that is 4% above the 2024 national average. Spokane Valley, WA is part of Spokane 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 Spokane is 1.01% which is above the national average, which is 0.99%.