Rent to own Homes in Lacey, WA
Better metropolitan values. The median value of property in Lacey is $193,400. This represents a better value than metropolitan Olympia, where the median is $216,900. The average Lacey residence runs 1,613 square feet and was built in 1980. Over 32% of the properties range from 1,400 to 1,800 square feet and most houses were built between 1960 to 1979.
Lacey, WA is a great place for affordable rent-to-own homes! With a median household income of over $69,752 and a median rent of $1,421, the Lacey, 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 Lacey, 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 Lacey, WA Property Resources
Rent to own Homes in Cities Near Lacey, WA
- Anderson Island
- Artondale
- Bucoda
- Centralia
- Chehalis
- Cinebar
- DuPont
- Fircrest
- Fords Prairie
- Fort Lewis
- Fox Island
- Grand Mound
- Grapeview
- Herron Island
- Home
- Ketron Island
- Key Center
- Lacey
- Lakebay
- Lakewood
- Longbranch
- McChord AFB
- McKenna
- Nisqually Indian Community
- North Fort Lewis
- North Yelm
- Olympia
- Raft Island
- Rainier
- Rochester
- Rosedale
- Roy
- Shelton
- Steilacoom
- Tacoma
- Tanglewilde
- Tenino
- Tumwater
- University Place
- Vaughn
- Wollochet
- Yelm
Buying a Home in Lacey, WA
Lacey, WA is seeing rapid growth and Lacey, WA's' housing market remains not optimal with an average home price that is 32% above the 2024 national average. Lacey, WA is part of Thurston 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 Thurston is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Lacey, WA
Median Rent in Lacey, WA
Top 8 Reasons to Live in Lacey
Natural Northwest. You can experience the Pacific Northwest up close through over 1,100 acres of municipal parks. Greg J. Cuoio Community Park offers untamed nature in 407 acres of undeveloped woodlands and wildlife habitat. In contrast, the 46 acres of Rainier Vista Community Park boasts fields for teams ports, courts for tennis and sand volleyball, a skate park, picnic shelters, and barbecue grills. Long Lake Park has a swimming beach and dock.
Price gains. The values of all homes in Lacey, including those both on and off the market, and those that are rent to own, have increased by nearly 7% last year. This should continue with a 4% rise this year.
Green community. The U.S. Environmental Protection Agency designated Lacey as an official "Green Power Community" because of a commitment to environmentally sound practices and green energy alternatives. For example, before any new commercial or residential development, the city arborist identifies which trees on a property must be saved.
Good news comes to those who wait. About 33% of Lacey listings eventually receive price cuts. About 36% sell for below the list price. (This may apply to rent to own homes.) In comparison, metropolitan Olympia shows almost 32% with price cuts and 25% that sell for below the list price.
Celebrate food. The Lacey Community Market features locally grown produce and prepared foods as well as antiques and handicrafts. It runs on the second Saturday of July to September. The Pacific Northwest Mushroom Festival fetes famous fungi and includes a 5K run, cooking demonstrations and entertainment.
No need to share walls. Over 82% of Lacey residences consist of single family homes so your chances of scoring a place with no common walls is high. Condos comprise only about 2% and 15% consist of other options, such as apartments. Check with a local realtor to find rent to own houses.
League love. The city recreation program administers several leagues for children, teens, and adults covering such sports as baseball, softball, basketball, volleyball, track and field, and frisbee. Many sporting events take place at the 100 acre Regional Athletic Complex, which not only features premium play surfaces, such as synthetic turf, but also stadium seating and advanced lighting. The complex also works as a park with its picnic areas, walking trails, and single stall restrooms.