Rent to own Homes in Wenatchee, WA
Nestled in the middle of Washington State, Wenatchee has the advantages of the beautiful Northwest's landscape and wonderful climate. Established in 1811, the city is named for the Wenatchi tribe that lived in the area before settlers arrived. Host of the Washington State Apple Bloom Festival that takes place in the spring, its many orchards are the reason why Wenatchee is now known as the Apple Capital of the world.
Wenatchee, WA is a great place for affordable rent-to-own homes! With a median household income of over $56,962 and a median rent of $951, the Wenatchee, 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 Wenatchee, 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 Wenatchee, WA Property Resources
Rent to own Homes in Cities Near Wenatchee, WA
Neighborhoods in Wenatchee, WA
No neighborhoods foundPopular Zip Codes in Wenatchee, WA
98807 rent to own homesBuying a Home in Wenatchee, WA
Wenatchee, WA is seeing rapid growth and Wenatchee, WA's' housing market remains not optimal with an average home price that is 26% above the 2024 national average. Wenatchee, WA is part of Chelan 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 Chelan is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Wenatchee, WA
Median Rent in Wenatchee, WA
Top 4 Reasons to Live in Wenatchee, WA
Parks and Recreation! From the Wenatchee National Forest, which is great for hiking, rock climbing or horseback riding, to the Peshastin Pinnacles State Park, Wenatchee has plentiful opportunities for residents and visitors to experience the great outdoors. Activities in the city include tennis clubs, swimming pools, ice arenas, soccer fields, baseball fields, whitewater rafting and a 10-mile trail known as the Apple Capital Recreational Loop. Wenatchee is even home to great skiing and snowboarding, which can be found at the Mission Ridge Ski and Board Resort.
Arts and Culture! Home to many performing groups, such as the Wenatchee Valley Symphony and the Mission Creek Players, you can see great performances from lively actors and directors. Head over to the Wenatchee Valley Museum and Cultural Center to learn about the interesting history of the city. If performances are not your thing, you can check out one of the three wineries in the city or pop in to try some tea at Cha Fine Teas.
Rising Home Valuations! With property values rising -- up at least 9.4 percent in the past year -- and some of the highest appreciation rates of any community in the last 10 years, buying property in Wenatchee is a great opportunity. The neighborhoods with the highest appreciation values in Wenatchee are West Wenatchee, Canyon Rd/Skyline Dr, 5th St and City Center. The city has seen a remarkable appreciation value that is higher than 60 percent of the rest of the state, with over 85 percent of people living in the same house for over a year, people are coming to stay.
Great Rental Opportunities! With rentals going for an average of $800, renting in Wenatchee is affordable and easy. A welcoming 42 percent of renters live in Wenatchee, so the city is a great place to live if you want to rent to own or just rent an apartment to live in short term. Some popular neighborhoods for renters are City Center, Appleyard and Sunnyslope.