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Renton, WA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,221
Monthly Cash Flow
-$1,966
Principal + Equity
$5,584
Annual Total Gain
$43,409
Cash on Cash
-12.64%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$189
Occupancy Rate
68.42%
Monthly Revenue
$2,471
Monthly Cash Flow
-$2,087
Principal + Equity
$5,584
Annual Total Gain
$41,965
Cash on Cash %
-13.42%
Net ROI %
Market Health & Growth
Median Income
$96,626
Population
105,279
LTR Renter %
45.14%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-1.5%
Appreciation (5 yr)
40.83%
Appreciation (10 yr)
116.98%
Job Growth
-0.52%
LTR Rentability
Moderate
STR Demand
80
STR Rentals
435
Top Public Schools
A-Islander Middle School
A-Northwood Elementary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Suburbs in Washington
#7out of 181 markets
Most Diverse Places to Live in Washington
#21out of 489 markets
Best Suburbs for Young Professionals in Washington
#22out of 181 markets
B-
Public School
D
Crime And Safety
D
Housing
A-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Renton, WA.
In Renton, WA, Short Term Rental (STR) regulations are governed by the city's zoning code and licensing requirements. Here are some key details that an investor should be aware of before investing in purchasing a property for Short Term Rental in Renton:
1. Zoning Restrictions: Renton has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. It is important for investors to check the zoning of the property they are interested in to ensure that Short Term Rentals are permitted in that area.
2. Licensing Requirements: In Renton, Short Term Rental operators are required to obtain a business license and a Short Term Rental permit from the city. These permits may have specific requirements and fees associated with them.
3. Occupancy Limits: Renton may have occupancy limits for Short Term Rentals, which dictate the maximum number of guests that can stay in a property at one time. Investors should be aware of these limits and ensure that their property complies with them.
4. Safety and Health Regulations: Short Term Rental properties in Renton must meet certain safety and health regulations to ensure the well-being of guests. This may include requirements for smoke detectors, carbon monoxide detectors, and fire extinguishers.
5. Taxation: Short Term Rental operators in Renton are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with local tax laws.
6. Noise and Nuisance Regulations: Renton may have noise and nuisance regulations that Short Term Rental operators must adhere to. Investors should be aware of these regulations and take steps to ensure that their property does not cause disturbances to neighbors.
Overall, investors looking to purchase a property for Short Term Rental in Renton should thoroughly research and understand the local regulations and requirements to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Renton, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Renton, WA.
The LTR Genie Score of Renton, WA is 53 and STR Genie Score is 60, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting that there may be some challenges in finding long-term tenants consistently. However, the LTR Net ROI of 23.26% and STR Net ROI of 22.49% are relatively high, indicating that both rental strategies could be profitable in this market. The 1-Year Price Appreciation Forecast of 0.5% suggests that property values are expected to increase slightly in the near future.
Renton, WA is a growing city located in the Seattle metropolitan area, known for its diverse economy and strong job market. With easy access to major highways and public transportation, Renton offers a convenient location for residents commuting to Seattle or Bellevue.
Overall, Renton, WA appears to be a promising market for real estate investors looking to capitalize on both long-term and short-term rental opportunities. With favorable ROI metrics and a relatively high STR Genie Score, investors may consider diversifying their portfolio by investing in both rental strategies in this market. However, it is important to conduct thorough market research and due diligence before making any investment decisions.
