The housing market in Renton, WA is booming. The median house value in the area is $676,600, which is much higher than the US median of $338,100. This means that Renton is an attractive location for people looking to purchase a home. Additionally, over the past year Renton has seen a 7.42% house appreciation rate, which is slightly lower than the national average of 8.27%. Despite this lower rate of appreciation, Renton still remains a desirable place to live and buy a home due to its higher-than-average median house value.
The median home cost in Renton is $676,600. Home appreciation the last 10 years has been 167.1%. Home Appreciation in Renton is up 14.8%.
Average Age of Homes
- The median age of Renton real estate is 31 years old
The Rental Market in Renton
- Renters make up 44.2% of the Renton population
- 2.0% of houses and apartments in Renton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.