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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Renton, WA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Renton, WA Housing Market Trends

With 104,047 people, 40,681 houses or apartments, and a median cost of homes of $704,503, Renton house prices are not only among the most expensive in Washington, Renton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Renton, accounting for 50.57% of the city's housing units. Other types of housing that are prevalent in Renton include large apartment complexes or high rise apartments ( 33.56%), duplexes, homes converted to apartments or other small apartment buildings ( 8.15%), and a few row houses and other attached homes ( 5.68%).

People in Renton primarily live in small (one, two or no bedroom) single-family detached homes. Renton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Renton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Renton built between 2000 and later ( 31.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.69%). There's also some housing in Renton built before 1939 ( 3.10%).

Renton Home Appreciation Rates

In the last 10 years, Renton has experienced some of the highest home appreciation rates of any community in the nation. Renton real estate appreciated 133.59% over the last ten years, which is an average annual home appreciation rate of 8.85%, putting Renton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Renton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Renton appreciation rates have trailed the rest of the nation. In the last twelve months, Renton's appreciation rate has been -0.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Renton were at -1.24%, which equates to an annual appreciation rate of -4.88%.

Notably, Renton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Renton's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Renton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Renton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Renton real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$704,503

Renton, WA Home Prices
> $1,222,000
$917,001 - $1,222,000
$611,001 - $917,000
$489,001 - $611,000
$367,001 - $489,000
$245,001 - $367,000
$122,001 - $245,000
$61,001 - $122,000
$0 - $61,000
8.7%
8.7%
14.5%
14.5%
36.1%
36.1%
18.8%
18.8%
9.7%
9.7%
6.7%
6.7%
2.3%
2.3%
1.1%
1.1%
2.0%
2.0%
0% 100.0%
% of Homes
Very High

for Washington

Very High

for nation

Number of Homes And Apartments:

40,681

Renton Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,118 / per month

Homeownership Rate

Owners
Renters
53.2%
53.2%
46.8%
46.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.1%
31.1%
42.1%
42.1%
23.7%
23.7%
3.1%
3.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.6%
50.6%
5.7%
5.7%
8.1%
8.1%
33.6%
33.6%
2.0%
2.0%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.0%
5.0%
14.7%
14.7%
27.8%
27.8%
28.7%
28.7%
18.7%
18.7%
5.1%
5.1%
0% 100.0%
% of Homes