Rent to Own Homes in Renton
Located approximately 10 miles southeast of Seattle, Washington, the city of Renton is the fourth largest city in King County. It rests on the southern shores of Lake Washington and is convenient to many outdoor recreational areas, including Mercer Island, Cougar Mountain Regional Wildland Park, Squak Mountain State Park Natural Area and Tiger Mountain State Forest. Residents willing to travel for a long weekend can also reach Maury Island Aquatic Reserve and other destinations with beautiful views. The below results are primarily rent to own homes in King County, WA:
Seattle , WA 98122
3 Bedrooms, 2.5 Baths
Auburn , WA 98002
3 Bedrooms, 2.5 Baths
Sammamish , WA 98074
3 Bedrooms, 2.5 Baths
Covington , WA 98042
Maple Valley , WA 98038
Auburn , WA 98001
Auburn , WA 98092
5 Bedrooms, 1 Baths
Olalla , WA 98359
Tacoma , WA 98405
5 Bedrooms, 2 Baths
Port Orchard , WA 98366
Renton , WA 98058
3 Bedrooms, 1 Baths
Seatac , WA 98188
4 Bedrooms, 3 Baths
Located approximately 10 miles southeast of Seattle, Washington, the city of Renton is the fourth largest city in King County. It rests on the southern shores of Lake Washington and is convenient to many outdoor recreational areas, including Mercer Island, Cougar Mountain Regional Wildland Park, Squak Mountain State Park Natural Area and Tiger Mountain State Forest. Residents willing to travel for a long weekend can also reach Maury Island Aquatic Reserve and other destinations with beautiful views.
The city of Renton was originally known as the Renton Cooperative Coal Organization, but it's better known today as the place where NFL stars playing for the Seattle Seahawks go to train. The city is also home to the Renton Library, Renton Technical College and a variety of jobs in the technology and manufacturing fields. Some of the big companies offering work to the locals include Geico and the Boeing Renton factory. The city has seen remarkable growth since it was established, especially with the East Renton Plateau annexation project adding residential areas.
Those interested in learning more about the history of this town can visit the Renton History Museum to hear stories of miners working for the Renton Cooperative Coal Company and other stories of importance. Exhibits change regularly, so even long-time residents often enjoy the visit.
Buying a Home in Renton
The housing market in Renton is quite versatile. You can purchase a townhome with luxury amenities, including waterfront access. The median home price for single-family properties is around $300,000, and you can buy a condo for little more than $100,000. Blended family homes often sell for less than $300,000, and there are some luxury homes that will offer upscale amenities at remarkable prices. There are some programs in place to help struggling consumers come up with down payments and secure reasonable interest rates. The Washington Homeownership Center is a good resource if you need assistance.
Popular Neighborhoods in Renton
One of the most popular neighborhoods in Renton is located in the center of the city. The northern border is Northeast 4th Street, and Renton Maple Valley Road marks the southern border. The eastern border is 156th Avenue Southeast, and the western border ends roughly at the Sunnydale Mobile Home Park. The median real estate price is over $500,000 in this area, and you'll find some of the largest and most luxurious homes here. The vacancy rate often stays under 3 percent, and most homes in the area are occupied by their owners.
Do you want to live on or close to Lake Washington? Look toward the northern end of the Kennydale neighborhood. This is a smaller community positioned west of I-405 and east of Lake Washington Boulevard. The lower tip of the neighborhood hits downtown Renton, so it's a convenient location for downtown and waterside attractions. Median home prices are often close to $600,000 in this area, and you can expect to pay much more for exclusive waterfront homes.
Buying vs. Rent to Own Homes
Do you want to transition from a renter to a homeowner? You can do just that by taking advantage of Renton homes that offer a rent-to-own contract. This is a unique deal that allows you to start out as a renter while maintaining exclusive rights to purchase the property at any time before a specified date. As long as you follow through with the purchase before that date, you don't have to worry about other buyers making offers on the property before you can secure a home loan. This is a good option to consider if you're not quite ready to apply for a mortgage loan.
Cost of Living in Renton
Due to housing prices that often rise 50-75 percent higher than the national average, you can expect a higher-than-average cost of living in Renton, Washington. Overall prices are also about 10 percent higher state averages, and that is mainly a reflection of the housing market as well. You can expect to pay approximately 10 percent more than average for everyday goods and services as well as utilities.
While the cost of living in Renton, Washington, is a bit higher than the national average, there are many perks to taking up residence. Large companies like Boeing and Geico bring a lot of jobs to the area, and you can invest in waterfront property sitting on the shores of beautiful Lake Washington. There are many state parks in the surrounding area as well as a couple small islands suitable for day trips and mini vacations. The town also features a rich history, which is easily explored through the local historical museum.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area: