Quick facts: Renton, WA

Quick Facts

115.3
Cost of Living
above US average
104,047
Population
49.77
Crime Rate per 1000
above US average
$92,292
Median Income
above US average
$689,000
Median House Price
above US average
$2792.82
Average Rent
above US average
8%
Poverty Rate
below US average
4.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $92,292.

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Income Needed to Buy

βœ— Stretch
$216k/year
Based on $689,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $216k vs median $92,292
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2792.82/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $92,292
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Renton, WA

Renton, Washington, is a vibrant city located in King County, just southeast of Seattle. Known for its scenic views of the Cascade Mountains and Lake Washington, Renton offers a blend of urban and suburban living. The city is home to a diverse population, with a strong sense of community and an array of recreational activities. Renton boasts a rich history, originally a coal mining town, and is now a thriving hub for various industries, including technology and manufacturing. Boeing's presence significantly contributes to the local economy, making it a key player in the aerospace sector. Outdoor enthusiasts will appreciate the city's numerous parks and trails, including the scenic Cedar River Trail and the beautiful Gene Coulon Memorial Beach Park, which features waterfront access for swimming, picnicking, and kayaking. Renton also embraces cultural diversity, offering a variety of dining options and annual events that showcase local talent and traditions. With a convenient location, Renton provides easy access to Seattle and other surrounding communities, making it an attractive option for commuters and families alike. Overall, Renton combines natural beauty, economic opportunity, and community spirit.

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