5 Best Places to Rent or Buy a House in WA State in 2024

January 21, 2021
Last updated:
February 7, 2024
In This Article

The State of Washington is one of the most interesting places to invest in real estate right now. We are going to tell you the 5 best places for acquiring a house for rent or living in 2024.

In recent years, the prices of properties in Washington are skyrocketing. This trend is likely to continue, at least in the next few years, because of the expected growth in job opportunities. That means now is the time to buy or rent!

Here are the 5 best places to invest in the WA State area.

#1: Seattle, WA

seattleSeattle is the largest city in both the state of Washington and the Pacific Northwest. With a booming population of 724,305, Seattle is one of the fastest-growing major city in the United States.

The city offers a fast paced environment with a unique and vibrant local culture. If you’re looking for the perfect place to call home in the pacific northwest, Seattle is the place you are looking for.

With a median value of $815,865 and an average rent of $$2,267, Seattle takes the number one spot on our list!

#2: Bellevue, WA

bellevueBellevue is located across Lake Washington from Seattle. It has been characterized as an edge city, a suburb, boomburb, or satellite city.

According to a new Niche report, Bellevue is ranked as one of the top 10 best places to live in the US.

With a median value of $1,300,183 and an average rent of $2,558, Bellevue occupies our second place ranking up as one of the best places to live in America.

#3: Redmond, WA

redmondRedmond, which is also in King County, is a trending place for technology professionals.

Several companies in the high-tech industry are based in Redmond. The largest employer in the city is Microsoft Corporation with over 40,000 employees.

With a great median value of $1,237,336 and a rent value of $2,421, Redmond occupies our third place as an equally great and affordable place to live or rent.

#4: Kirkland, WA

kirklandKirkland is a suburb east of Seattle in King County, is the sixth largest city in the county, and the thirteenth largest in the state. It features great schools and a mix of suburban and urban areas.

With a median value of $1,102,449 and a value of rent of $2,465, Kirkland is positioned in fourth place.

#5: Tacoma, WA

tacomaTacoma is a mid-sized urban port city and the county seat of Pierce County.  It serves as the center of business activity for the South Sound region.

With a median value of $458,396 and a rent average of $1,676, we think Tacoma is an affordable place for living or renting in Washington.

Do you agree with our list? Now that you know the best places for investing in a house for owning or renting, are you ready for taking the next step?

At Sammamish Mortgage, we have professionals ready to help you decide what is best for you in the process of acquiring a new mortgage and setting foot on the path for buying your new home. It’s very simple – just go to SammamishMortgage.com and use our Advance Rate Quote tool.

Start by checking rates on the RQT, then simply initiate the Loan Application process. We hope you enjoyed our video – don’t forget to subscribe!

Ready to Apply For a Mortgage?

Since 1992, we have been helping borrowers all across the Pacific Northwest with several mortgage products, and we’d love to help you too. Get in touch with us today!

Sammamish Mortgage, “Great Rates – Great Service, Making the Complex Simple.

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