Rent to own Homes in University Place, WA
University Place, or more commonly known as "UP," is a small city neighboring Tacoma with almost 32,000 residents. Its suburban characteristics make it an ideal place to live in for the laid back and for those who love parks and beaches. The tempered mix of residential and business areas enable the city to maintain its good landscape without compromising economic growth and preserving its natural beauty.
University Place, WA is a great place for affordable rent-to-own homes! With a median household income of over $77,832 and a median rent of $1,250, the University Place, 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 University Place, 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 University Place, WA Property Resources
Rent to own Homes in Cities Near University Place, WA
- Algona
- Artondale
- Bethel
- Boulevard Park
- Browns Point
- Burien
- Burley
- Canterwood
- Clover Creek
- Dash Point
- Des Moines
- Eatonville
- Edgewood
- Elk Plain
- Federal Way
- Fife
- Fife Heights
- Frederickson
- Gig Harbor
- Home
- Key Center
- Lacey
- La Grande
- Lakeland North
- Lakeland South
- Maplewood
- McKenna
- McMillin
- Milton
- Nisqually Indian Community
- Normandy Park
- North Fort Lewis
- North Yelm
- Prairie Ridge
- Purdy
- Puyallup
- Raft Island
- Rainier
- Riverton
- Rosedale
- Roy
- Ruston
- SeaTac
- Seattle
- South Hill
- Tanglewilde
- Tukwila
- University Place
- Wauna
- Wollochet
Neighborhoods in University Place, WA
University Place rent to own homesBuying a Home in University Place, WA
University Place, WA is seeing rapid growth and University Place, WA's' housing market remains not optimal with an average home price that is 78% above the 2024 national average. University Place, WA is part of Pierce 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 Pierce is 1.02% which is above the national average, which is 0.99%.
Median Home Price in University Place, WA
Median Rent in University Place, WA
Top 6 Reasons to Live in University Place, WA
It is a community that supports public art! If you love the arts, you will love University Place. A non-profit organization called UP for Arts has been established to develop a public art program to improve the attractiveness of the community. To further promote the goals of the organization, concerts and art exhibitions are regularly held in town.
New subdivisions are being constructed! There are many new location options within the town if you are finding a new home. Many rent to own houses that would fit your budget are also available. You may check the Current/Proposed Residential Projects Map on the city's official website or visit the University Place Town Hall adjacent to the Homestead Park to inquire.
Enjoy suburban living! University Place's setting alone is a must-see destination. With views of Puget Sound, Olympic Mountains, and Mount Rainier, suburban living has never been so beautiful. Multiple parks around the city provide fresh air and are perfect for relaxation. Walk your dog, do some exercise, or have a picnic with your family and friends and embrace the suburban lifestyle.
Play golf at Chambers Bay Golf Course! This golf course has recently opened, and a lot of good reviews about it have been already made. Every year, multiple golf tournaments, including the U.S. Open, are being held at this top-rated golf course. Enjoy the breathtaking view of Chambers Bay while you play your favorite sport. The place also serves as a perfect venue for weddings, reunions, and other big events.
No need to pay high real estate taxes! What everyone would probably like about University Place is that it has relatively low property tax rates. This makes it very manageable for individuals to settle their taxes. Even local sales tax is relatively low at 9.4 percent. Further good news is that some of its local taxes are waived. There is no state or local tax for income and there is no Business and Occupation (B & O) tax either.
Visit the Curran Apple Orchard! Seventy-seven acres of land, which started as a hobby orchard in the early 1950s, is now home to more than 200 apple trees with more than 15 varieties of apples. Have a break and explore nature when you visit this place, because it also provides food and shelter for small wildlife, birds, bees, and deer. You can also join the Curran Orchard Resource Enthusiasts and volunteer in the orchard maintenance through various projects such as the Adopt-A-Tree program and insect education classes.