Renton
With a population of over 100,000. The city has a healthy mix of young professionals, families, and retirees – all of whom find something special in this gem of a city. Renton’s robust local economy and job market are contributing factors to the city’s rise in popularity. The city is home to a wide variety of businesses, the most prominent of which are the medical, commercial, and industrial sectors. Renton has a lower median home price than Belleve, its neighbor to the north, at $725,638 according to Zillow.
Real Estate Market in Renton, WA
Local Economy and Job Market
One reason why Renton has become such a desirable place to live and invest in is because of its strong local economy and job market. The city has a diverse range of industries, with healthcare, retail, and manufacturing being the largest employers. And, with its close proximity to Seattle, it’s no surprise that Renton is also home to many tech companies, including the aforementioned Boeing Company, PACCAR, and Microsoft.
Renton is also home to a thriving small business community, with many locally-owned shops and restaurants that add to the city’s unique charm. The Renton Farmers Market, held every Tuesday in the summer months, is a great place to support local farmers and artisans while enjoying live music and delicious food.
Overall, Renton is a city with a rich history, diverse population, and strong economy – making it a great place to call home.
Types of Properties in Renton
Renton, Washington is a beautiful city located in King County, just south of Seattle. Known for its stunning natural beauty and vibrant community, Renton is a great place to live, work, and play. If you’re considering moving to Renton, you’ll be pleased to know that the city offers a wide variety of properties to choose from. Whether you’re looking for a single-family home, a condominium or townhome, a multi-family property, or commercial real estate, Renton has something for everyone.
Single-Family Homes
Single-family homes in Renton come in all shapes and sizes – from cozy bungalows to luxurious estates with impressive water views. There are also many housing developments that have sprouted since 2000. Many of these homes offer stunning views of the surrounding mountains and waterways. If you’re looking for a quiet, family-friendly community, then Kennydale and Fairwood are great options. These neighborhoods offer a variety of homes to choose from, with many featuring large yards and plenty of space for outdoor activities.
If you’re looking for a more urban setting, then the Highlands neighborhood might be a better fit. Located just north of downtown Renton, the Highlands offers a mix of single-family homes and townhomes, as well as easy access to shopping, dining, and entertainment.
Condominiums and Townhomes
If you’re looking for a low-maintenance option, then a condominium or townhome might be the perfect choice for you. Renton has a wide variety of condos and townhomes to choose from, with many located in the city’s downtown area. These properties offer a convenient, urban lifestyle, with easy access to public transportation, shopping, and dining.
One popular condominium complex in Renton is the Sunset View Condominiums. Located just a few blocks from the shores of Lake Washington, these condos offer stunning views of the lake and the surrounding mountains. They also feature a number of amenities, including a fitness center, pool, and clubhouse.
Multi-Family Properties
For those interested in multi-family properties, Renton has a number of great options – including apartment buildings and duplexes. These types of properties are great investments for those who want to generate income over time. Renton’s strong rental market, combined with its growing population, make it a great place to invest in multi-family properties.
One popular multi-family property in Renton is the Cedar River Apartments. Located just south of downtown Renton, these apartments offer easy access to public transportation and a variety of shopping and dining options. They also feature a number of amenities, including a fitness center, pool, and on-site laundry facilities.
Commercial Real Estate
Renton is also a great place for those interested in investing in commercial real estate. With its strong local economy, there are plenty of opportunities for entrepreneurs to start and grow their businesses. Whether you’re looking to open a restaurant, a retail store, or an office space, Renton has a variety of commercial properties to choose from.
One popular commercial property in Renton is the Renton Village Shopping Center. Located just off of I-405, this shopping center offers a variety of retail and dining options, as well as ample parking for customers. It’s also located in a high-traffic area, making it a great location for businesses looking to attract new customers.
Overall, Renton offers a wide variety of properties to choose from, making it a great place to live, work, and invest. Whether you’re looking for a single-family home, a condominium or townhome, a multi-family property, or commercial real estate, Renton has something for everyone.
Neighborhoods in Renton
Renton is a city located in King County, Washington. It is situated on the south shore of Lake Washington and is just a short drive away from Seattle. Renton is known for its beautiful parks, diverse communities, and thriving economy. If you are planning to move to Renton, here are some of the neighborhoods you might want to consider:
Downtown Renton
Downtown Renton is a hub of activity, with plenty of bars, restaurants, and shops to explore. This area is also home to a variety of housing options, including both condos and single-family homes. The Renton Farmers Market is held here every Tuesday from June to September, offering fresh produce and handmade crafts from local vendors. If you’re a fan of history, you can check out the Renton History Museum, which showcases the city’s rich past.
Highlands
If you’re looking for a more suburban lifestyle, then the Highlands might be the perfect neighborhood for you. With plenty of parks and green spaces, this area is ideal for anyone looking to be closer to nature. One of the most popular parks in the Highlands is Coulon Beach Park, which offers stunning views of Lake Washington and the Seattle skyline. The park also has a playground, picnic areas, and a fishing pier.
Fairwood
For those who want to be close to the city but still enjoy a quiet lifestyle, Fairwood is a great option. This neighborhood, located just southeast of Renton, features a variety of property types and sizes – including single-family homes and townhomes. Fairwood has several parks, including Petrovitsky Park, which has a playground, sports fields, and a skate park. The Fairwood Golf and Country Club is also located here, offering a challenging 18-hole golf course.
Kennydale
Kennydale is one of the most desirable neighborhoods in Renton, thanks to its proximity to Lake Washington. This area is ideal for outdoor enthusiasts, with plenty of parks and hiking trails to explore. Gene Coulon Memorial Beach Park is a popular spot for swimming, boating, and fishing. The park also has a playground, tennis courts, and a walking trail. Kennydale also has several restaurants and shops, including the famous Kidd Valley burger joint.
Maplewood Heights
Maplewood Heights is a quiet, residential neighborhood located just north of downtown Renton. The area features a mix of property types, including single-family homes and townhomes – making it a great option for families or those looking for a more peaceful lifestyle. Maplewood Park is a popular spot for picnics and outdoor activities, while the Maplewood Golf Course offers a challenging 9-hole course for golfers.
Overall, Renton has a lot to offer for anyone looking for a great place to live. With its beautiful parks, diverse neighborhoods, and thriving economy, Renton is truly a gem in the Pacific Northwest.
Renton Neighborhood list
- Maple Hills / Cedar Mountain
- Maplewood Heights
- Elliott
- Kennydale
- Maple Valley Heights
- North Renton
- Talbot
- Maplewood
- Benson Hill
- Benson
Renton Real Estate Market Trends
Welcome to Renton, a city located in King County, Washington. Renton is a vibrant community that offers a perfect blend of urban amenities and natural beauty. The city has a lot to offer, from its diverse culture to its thriving economy. In this article, we will explore the current real estate market trends in Renton, so let’s dive in.
Current Market Conditions
The Renton real estate market has been experiencing steady growth in recent years. The city’s proximity to Seattle and its booming economy have made it an attractive option for homebuyers and renters alike. Despite this growth, Renton remains an affordable option for those looking to live near Seattle.
Renton is a great place to call home, parks, access to Lake Washington and recreational facilities. The city has a bustling downtown area that offers a variety of shopping, dining, and entertainment options. Renton is also home to several major employers, including Boeing, PACCAR, and Providence Health & Services.
Home Prices and Appreciation Rates
The median home price in Renton is currently around (Mid 2023 stats) $725,638, according to Zillow and down 6.1% over the past year and goes to pending in around 6 days. Inventory is down, it is historicailly low throughout the PNW. This growth is expected to continue in the coming years, making now a great time to invest in Renton. The city’s strong job market and high quality of life make it an attractive option for homebuyers.
There are several neighborhoods in Renton that offer a range of housing options, from single-family homes to townhouses and condos. Some of the popular neighborhoods in Renton include Kennydale, Highlands, and Maplewood.
Rent Prices and Trends
Rent prices in Renton are on the rise, with the average monthly rent sitting at around $1,800. However, with the city’s strong job market and affordable cost of living, Renton remains an attractive option for renters.
There are several new apartment complexes in Renton that offer modern amenities and spacious floor plans. These apartments are located in convenient locations, close to shopping, dining, and entertainment options.
Inventory and Days on Market
Renton remains a steady market. This means that there are still plenty of options for buyers and renters alike. In general, properties in Renton tend to sell relatively quickly, 6 day per Zillow.
If you are looking to buy or rent in Renton, it is important to work with a knowledgeable real estate agent who can guide you through the process. A good agent will help you find the perfect home or apartment that meets your needs and fits your budget.
In conclusion, Renton is a great place to call home. Its strong job market, affordable cost of living, and high quality of life make it an attractive option for homebuyers and renters alike. With its steady real estate market growth, Renton is a smart investment for those looking to buy or rent in the Seattle area.
Buying a Home in Renton
Are you thinking about buying a home in Renton? This city, located in King County, Washington, has a lot to offer – from its beautiful parks and trails to its thriving business community. However, before you start your home search, it’s important to understand the ins and outs of the home buying process.
Financing Options
One of the first things to consider when buying a home in Renton is your financing options. There are several types of home loans available, including traditional mortgages, FHA loans, and VA loans. Traditional mortgages are the most common type of home loan, and they typically require a down payment of at least 20% of the home’s purchase price. FHA loans, on the other hand, are backed by the Federal Housing Administration and require a lower down payment (as little as 3.5% of the purchase price). VA loans are available to active-duty military members, veterans, and their families, and offer competitive interest rates and flexible credit requirements.
It’s important to research these options and determine which one is right for your situation. You may also want to consider working with a mortgage broker or lender to help you find the best financing option for your needs and to see what you qualify for.
Working with a Real Estate Agent
Another important step in the home buying process is working with a real estate agent. An experienced agent can help you navigate the competitive market and find the perfect property for your needs and budget. They can also provide valuable insights into the local real estate market, including information on recent sales and current trends.
When choosing a real estate agent, be sure to look for someone who is knowledgeable about the Renton area and has a proven track record of success. You may also want to read reviews and ask for referrals from friends or family members who have recently bought or sold a home.
Home Inspections and Appraisals
Before finalizing a home purchase, it’s important to have a thorough home inspection and appraisal. A home inspection can help identify any potential issues with the property, such as plumbing or electrical problems, while an appraisal can help ensure that you are paying a fair price for the home.
It’s important to choose a reputable inspector and appraiser to ensure that you receive accurate and unbiased information. You may also want to attend the inspection or appraisal yourself, so that you can ask questions and get a better understanding of the property’s condition and value.
Closing Process and Costs
Finally, it’s important to understand the closing process and associated costs when buying a home in Renton. This can include everything from escrow fees to title insurance, and should be carefully considered and budgeted for in advance.
Some common closing costs include:
- Escrow fees
- Title insurance
- Loan origination fees
- Appraisal fees
- Home inspection fees
It’s important to work with your real estate agent and lender to understand these costs and factor them into your overall budget. You may also want to negotiate with the seller to see if they are willing to cover some or all of these costs.
With the right preparation and guidance, buying a home in Renton can be a smooth and rewarding experience. So why wait? Start your home search today and find the perfect property for you and your family!
Renting in Renton
Located in King County, Renton is a city in Washington that offers a high quality of life to its residents. With a population of over 100,000, Renton is a bustling city with plenty of opportunities for growth and development.
Investing in Renton Real Estate
Types of Real Estate Investments
Renton is a great place for those interested in real estate investing – with a variety of options to choose from. Some popular investment types include rental properties, commercial real estate, and house flipping.
Analyzing Potential Investments
When considering a real estate investment in Renton, it’s important to conduct a thorough analysis of the property. This should include factors like local market conditions, property value potential, and rental income potential.
Property Management and Maintenance
Finally, it’s important to consider property management and maintenance when investing in Renton real estate. This can include everything from hiring a property manager to performing routine maintenance tasks yourself.
In Conclusion
There you have it – a comprehensive guide to the Renton, WA real estate market! Whether you’re looking to buy a home, rent a property, or invest in real estate, Renton has something to offer. So what are you waiting for? Start exploring this charming city today!
