Maple Valley Rental Market Update
December 29, 2007 by Colleen
Filed under Market News & Updates
If you have considered adding a rental property to your investment portfolio in 2008 (and might I say it’s an excellent time to do so) you may be curious as to what the rental market is looking like in our area.
Year to date 23 properties have been listed & rented through NWMLS in Maple Valley. The average rental price is $1625 with the lowest rent at $950 and the highest at $2990. This average rental rate is up approximately 6% over rental averages for 2006. 
Interest in rental properties is increasing as buyers find it more difficult to qualify for “low down” financing programs and find themselves needing to rent while saving for that downpayment.
Although my husband and I haven’t ventured into the world of Landlords just yet, it’s definitely on the agenda for this year. There are just too many excellent opportunities out there right now!
Enjoy the Ride!
Colleen Fischesser
Colleen Fischesser, Washington State Designated Broker & Owner of RE/MAX Select Real Estate in Maple Valley Washington; Member Northwest Multiple Listing Association, Seattle/King County Association of Realtors. Voted "Best in Client Satisfaction" Seattle Magazine 2006 & 2007. "I was bitten by the "house-hunting bug" at a young age when I would go through the Sunday papers with my parents, looking for open houses. My father was an NFL football coach and we had moved several times throughout my childhood before finally settling in the Pacific Northwest. I have come to view the house hunting and the moving process as an adventure, and although it can sometimes be stressful and inconvenient, I love the process as much today as I did back then!"