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Active Retirement
Real Estate for Retirement
Active Adult 55+
Master Planned Communities
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| Nestled between rugged Cascade Mountain
foothills and lovely Lake Sammamish, Issaquah, Washington (population
22,000) beckons to
retirees in search of a healthy outdoor lifestyle, clean
air, cool
weather and beautiful mountain scenery. Really a bedroom
community of Seattle, Issaquah is an old mining town that
today boasts a casual, understated affluence and a healthy economy
thanks to companies such as Microsoft, Boeing and
Costco. It's also a growing community, the second
fastest in Washington. Of the population, 24% is age
45 to 64, and 10% is age 65 or above. |
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Issaquah's cost of living is roughly 35% above the
national average, and the median single family home price is
$525,000 ($300,000 for a condominium). Well-planned subdivisions
and new homes, secluded among thick trees, dot the hillsides,
and although growth is an issue here (Seattle seems to creep
closer each year), overall construction is not sprawling,
most likely because of the rugged terrain. One area in
particular, called Issaquah Highlands, attracts residents of
all ages thanks to its array of housing, including
everything from apartments and one bedroom town homes to
multi-million dollar villas. This "urban
village" has its own zip code (10th wealthiest in the
Puget Sound area) and is pedestrian friendly with abundant
trails and green spaces. Housing, though, is high
density, at least in the lower price ranges. |
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Issaquah has a good number of apartment rentals,
and the average one bedroom price is approximately $1,000 per
month. An average two bedroom apartment is $1,250 per month.
This is an
interactive map. Click on the arrows in the upper left hand
corner to move the map to the East, West, North or South, and click on the +/- signs to zoom in
and out. Property
is assessed at 100% and taxed at roughly $10 per $1,000 of fair
market value. The annual taxes on a $475,000 home would be
approximately $4,750. A property tax exemption
program is available for persons age 61 or older and for persons
unable to work due to a physical disability and for those whose
annual income is $35,000 or less.
There is also a tax deferral program and a seniors utilities rate
discount program. Washington has no personal income
tax, and retirement income is not taxed. The local sales tax rate is
9%. Issaquah,
Washington, Continued...
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