Rent prices for single-family homes

Posted by Liza Alley on Monday, June 7th, 2021 at 11:24am

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The rental market for a single-family home in Washington has gone up significantly

By Liza Alley 

K5 news explains in this article how the rental market for a single-family home has gone up tremendously in King, Piece as well as Snohomish county. 

According to Redfin, the average monthly cost of rent for a single-family home in King County rose $345 from May 2020 to May 2021. Rent increased $300 during that same time in Pierce County and increased $200 in Snohomish County.

A breakdown of average single-family home rental prices for the three counties is below:

King County:

  • May 2020: $2,650
  • May 2021: $2,995

Pierce County:

  • May 2020: $1,800
  • May 2021: $2,100

Snohomish County:

  • May 2020: $2,250
  • May 2021: $2,450

What is not mentioned in this article is how there is also a lot of competition for rentals as well. With that a lot of people are taking advantage of the low interst rates and feeling a lot more motivated to buying a home instead.  Here is how I can help you buy a home 

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