I am moving this summer due to the military and wanted to ask if it's worth renting out my home or selling it. I've browsed through the previous posts for this location, but there isn't anything recent/post-Covid.
I currently own a 3 bed, 2.5 bath 2500 sq ft home with a 600sqft back yard in Olympia that I purchased for $350k back in 2018. Current mortgage is right around $2k per month. The house is within half a mile of a middle school and elementary school. It takes about 16 minutes to drive from my home to JBLM and 35 minutes to Tacoma city center.
Zillow currently has the house estimated at $410-496k.
My original plan when I purchased the house was to rent it out to a military family for around $2200 since that's about the average housing allowance price in the area, but since I've checked out prices of homes currently up for rent in the area, I'm not sure if I'm charging too low or not.
Any advice is appreciated.
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source https://www.reddit.com/r/RealEstate/comments/mfht9o/should_i_rent_or_sell_my_home_olympia_wa/
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