Rent to Own Homes in Yakima
The below results are primarily rent to own homes in Yakima County, WA:
Yakima is located in south-central Washington, approximately 60 miles south of Mount Rainier. As part of the agricultural center known as Yakima Valley, the city is heavily influenced by the production and processing of apples, hops and grapes. These products ensure that this little part of the United States is well known in the wine and beer markets. Many visitors come to town in hopes of touring the expansive vineyards and tasting new varieties of wine, and residents are often found sipping the local product as well.
Those living in or near Yakima also have access to the Yakima Valley Community College and cultural attractions like the Yakima Valley Museum, the Yakima Electric Railway Museum and the botanical gardens located within the Yakima Area Arboretum. When winter sets in, residents and visitors alike turn from the lush vineyards to the White Pass Ski Area. This mountainous region is the perfect location for backcountry skiing, snowboarding and other adventures in the snow.
For residents interested in the arts, Seasons Performance Hall and the historic Capitol Theater entertain audiences year-round from downtown Yakima. There are also many areas for outdoor recreation and family fun, including visits to the scenic Yakima River.
Buying a Home in Yakima
The median listing price in Yakima can vary from the low $200,000s to about $250,000, depending on the neighborhood. Median sales prices are typically close to the $200,000 mark, and many homes sell for as low as $150,000. It’s common for buyers to pay less than $150 per square foot, though some of the more upscale homes may run a bit higher. Since median rental prices are usually more than $1,000 per month, this is one city where it’s almost always cheaper to purchase a home. Prices can fluctuate from month to month, so it’s worth your time to monitor the market until you find property that fits your lifestyle as well as your budget.
Popular Neighborhoods in Yakima
If you want to live away from the busy city, head out west to the neighborhood known as Gromore or Harwood. It’s out further than West Valley and doesn’t offer a quick ride into town, but it allows you to live in a rural area with extremely low crime rates. There are many farms out this way, and it’s considered one of the safest places for families with young children. You can find a similar community in the far east end of town. It’s known as Pomona or East Selah and is also boasts impressively low crime rates.
If you want to live within city limits and don’t need a home with as much acreage, you can find another safe community near the Apple Tree Golf Course. This neighborhood has access to some of the best public schools in the city and is considered a family-friendly region.
Buying vs. Rent to Own Homes
Are you ready to purchase a home in Yakima? You may have noticed that some homes are now offering rent-to-own options, but what exactly does that mean? Instead of going through the traditional process of securing pre-approval for a home loan prior to looking at properties, this unique contract allows you to rent your way to home ownership. You get to occupy the home right away, but you’re initially a renter. You have until a specified date to secure financing and officially purchase the home, and other buyers are prevented from making offers on the property during that time. As long as you purchase the home before your deadline, you’re guaranteed the right to make the property your own.
Cost of Living in Yakima
While the cost of housing can often dip approximately 10 percent lower than national average and many residents pay slightly lower-than-average rates for utilities, the overall cost of living in Yakima isn’t much lower than the national average. You can expect to pay average prices for groceries and most everyday goods and services, and transportation expenses are typically average as well. If you select a home that is in line with your budget and find ways to conserve electricity, it is possible to live comfortably in this city even on a more modest income.
Located in the Yakima Valley, the city of Yakima is a dream come true for residents who enjoy spending time outdoors. This region is known for lush vineyards and the production of hops and apples. Visitors come during the warmer months to enjoy wine tastings and vineyard tours, and the winter brings opportunities for snowboarding and skiing in the mountains. The city also offers affordable housing and some high-quality schools for younger children, and there are many family-friendly neighborhoods. The downtown area features a variety of shops and restaurants as well as museums and theaters for cultural exploration.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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