Renton

Renton is a city located in the state of Washington, near Seattle. It is a diverse and thriving city with a significant economic hub due to companies such as Boeing, IKEA, and Providence Health & Services. The city offers a wide range of tourist attractions, parks, and well-developed trails. Renton also hosts cultural festivals and events, such as Renton River Days.

Here are some of the aspects that may interest you when buying in this area.

Some of the reasons someone might choose to buy a home in Renton include:
- Location: Renton is strategically located near Seattle, Bellevue, and other major cities in the region.
- Amenities: The city offers a wide range of shops, restaurants, services, and recreational activities.
- Housing Options: Renton provides a variety of housing options, from downtown condos to single-family homes in residential neighborhoods.
- Natural Surroundings: Renton is close to beautiful natural areas such as Cougar Mountain State Park, Lake Washington, and Gene Coulon Memorial Beach Park.
- Transportation: Renton has a good public transportation network and is conveniently located near major transportation routes, making it easy to travel around the region.
- Job Opportunities: The city offers a large number of employment opportunities across various sectors, including technology, healthcare, manufacturing, and more.
- Diverse Community: Renton is a diverse and welcoming community, with a wide range of cultures and lifestyles represented.

Profile

**Market Data – Renton, Washington (Updated to 2024)** Here are some key real estate market data points for Renton, Washington: 1. **Median Home Price**: The median price for a single-family home in Renton is approximately $600,000 as of early 2024, reflecting a slight increase from previous years due to continued demand. 2. **Price Trends**: Housing prices in Renton have shown steady growth in recent years, with a notable 11.2% increase in home values in 2021. While growth has since slowed, Renton remains a desirable area, with prices continuing to trend upward modestly. 3. **Market Competitiveness**: Renton’s real estate market remains competitive, with homes frequently receiving multiple offers and often selling within days of listing. 4. **Low Inventory Levels**: The supply of available homes in Renton has remained relatively limited, contributing to ongoing demand and higher home prices. 5. **Rental Market**: Rental costs have also increased, with the median rent for a one-bedroom apartment now around $2,200 per month as of 2024, showing a steady rise alongside home prices. 6. **Future Price Predictions**: Home prices in Renton are expected to continue to increase but at a slower rate than in previous years, as the market stabilizes. 7. **Housing and Income Stats**: In 2024, Renton has approximately 44,000 housing units (HU) and a median household income of $97,164. In summary, Renton's real estate market is characterized by high demand, limited inventory, and competitive conditions for both buyers and renters.

Geographic Area – Renton. Renton is a city located in King County, Washington, United States. Positioned approximately 12 miles southeast of downtown Seattle, it sits on the eastern shore of Lake Washington and south of Lake Gene, adjacent to Interstate 405. The city covers a total area of about 24 square miles (62 km²), which includes both land and water. Renton shares borders with several neighboring cities and communities, including Seattle, Tukwila, Newcastle, Issaquah, and Kent. This proximity provides Renton residents with convenient access to the Seattle metropolitan area while enjoying a distinct local character.

Land Area – Renton As of 2024, the land area of Renton is approximately 23.5 square miles (61 km²), according to the U.S. Census Bureau. This area includes both land and water, as the city is located on the eastern shore of Lake Washington. Renton is bordered by several neighboring cities and communities, including Seattle, Tukwila, Newcastle, Issaquah, and Kent. The city’s prime location near these areas provides residents with easy access to a range of services and amenities within the Seattle metropolitan region.

Population – Renton As of 2024, Renton's population is estimated at 108,905 residents according to the U.S. Census Bureau's 2022 data. This makes Renton the eighth-largest city in Washington State. The city's population has been steadily growing over the past few decades, driven by its close proximity to Seattle, expanding economy, and increasing employment opportunities. Renton continues to attract new residents due to its balanced urban-suburban environment, economic diversity, and desirable location within the Seattle metropolitan area.

Types of Commerce – Renton In 2024, Renton offers a diverse range of commerce that includes: 1. Shopping Centers: Renton features several major shopping centers like *The Landing*, *Renton Village*, and the nearby *Westfield Southcenter Mall*. These centers host a variety of retail stores, restaurants, and entertainment venues that attract both residents and visitors. 2. Independent Retail: The city is home to a variety of independent retail businesses, including clothing boutiques, bookstores, gift shops, and specialty stores that contribute to Renton’s local economy and community charm. 3. E-commerce: With the growth of online shopping, many Renton-based businesses have expanded their reach by offering online sales. Local companies and retailers increasingly focus on e-commerce to serve a wider audience and adapt to modern shopping preferences. 4. Service-Based Commerce: Renton has a robust sector of service-oriented businesses, including insurance agencies, accounting firms, law offices, and medical services. These businesses offer essential services to the community, supporting both local residents and businesses. 5. Food and Dining: Renton provides a wide range of dining options, from casual eateries to fine dining establishments, offering cuisines from around the world. The city also hosts farmers' markets and local grocery stores, adding to its food variety and supporting fresh, locally sourced options. In summary, Renton's commerce includes a broad selection of retail, service, dining, and online businesses, catering to the varied needs of the community and contributing to a vibrant local economy.