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Affordable
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These days, finding an affordable place to live in the Renton area can be challenging. Home prices in Renton are now at a median cost of $663,654, higher than the Washington average of $621,115.
The average cost of rent is $2,243/mo in Renton, primarily driven by the current value of real estate in the Renton area. In Renton, 45.85% of households rent, and 29.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Renton is $9,229 per month. Households that rent pay about 24.30% of their income on rent here. Renton’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Renton Highlands, WA: higher priced homes
- Fairwood, WA: higher priced homes
- Bryn Mawr-Skyway, WA: equally priced homes
- Newcastle, WA: higher priced homes
- Tukwila, WA: less expensive homes
- East Hill-Meridian, WA: less expensive homes
- SeaTac, WA: less expensive homes
- Boulevard Park, WA: less expensive homes
- Mercer Island, WA: higher priced homes
- Kent, WA: less expensive homes
Cities with Similar Populations
- Norfolk, VA: less expensive homes
- Murrieta, CA: equally priced homes
- Newnan, GA: less expensive homes
- Nashua, NH: less expensive homes
- Needmore, TX: less expensive homes
- New Braunfels, TX: less expensive homes
- Muskegon, MI: less expensive homes
- New Bedford, MA: less expensive homes
- New Rochelle, NY: equally priced homes
- Norman, OK: less expensive homes
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