Kent, OH—44240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kent, OH
As of Oct '25, the median home price in Kent, OH is $238,000, with a year-over-year change of 5.1%. This indicates that home prices in Kent, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 5.1% |
| Single Family | $240,000 | 4.8% |
| Condos | $212,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | 3.6% |
2 Bed | $165,000 | 4.4% |
3 Bed | $235,000 | 4.9% |
4 Bed | $314,000 | 5.0% |
| 5 Bed | $301,000 | 5.2% |
% of Housing Stock
Rental Trends — Kent, OH
As of July '25, Rentcast reports the average rent in Kent, OH is $1,500, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Kent, OH is studios: $723, 1-bedrooms: $984, 2-bedrooms: $1,500, 3-bedrooms: $1,820, 4-bedrooms: $1,720. The most common rental property sizes in Kent, OH are 2-bedroom and 1-bedroom, accounting for 39.6% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,500 |
| Studio Rent | $800 | $723 |
| 1 Bed Rent | $800 | $984 |
| 2 Bed Rent | $1,300 | $1,500 |
| 3 Bed Rent | $1,840 | $1,820 |
| 4 Bed Rent | $1,800 | $1,720 |
% of Rental Stock
Property Listings — Kent, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Kent, OH is 31. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 13.0% |
Listing Count | 69 | 0.0% |
| Listings as % of Homes | 0.2% | 0.0% |
Days on Market | 31 | -23.0% |
Demographics — Kent, OH
As of the latest ACS Survey released in 2023, Kent, OH has a population of 37,900, which has decreased by -4.2% over the past 5 years. Kent, OH is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 44.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,900 | -4.2% |
% Under 18 | 16.2% | -12.9% |
% Seniors | 15.7% | 28.7% |
% WFH | 13.2% | 97.0% |
% w/ College Degree | 44.1% | 11.6% |
As of the latest ACS Survey released in 2023, Kent, OH is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Kent, OH is black, making up 5.9% of the population. Foreign-born residents account for 7.1% of the population in Kent, OH, and this percentage has decreased by 12.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.8% | -1.4% |
% Black | 5.9% | 1.7% |
% Hispanic | 2.9% | 52.6% |
% Asian | 3.6% | -14.3% |
% Foreign Born | 7.1% | -12.3% |
Mortgage and Risk — Kent, OH
According to HUD data as of 2023, there were 609 mortgage originations in Kent, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Kent, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 609 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Kent, OH
As of 2024, the percent of homes in Kent, OH under the Section 8 program is 15.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Kent, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,368 |
Total Units Section 8 | 1,265 |
% Rentals under Section 8 | 15.5% |
% Occupied Section 8 | 80.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $800 | $870 |
| 2 Bedroom | -$180 | $1,300 | $1,120 |
| 3 Bedroom | -$460 | $1,840 | $1,380 |
| 4 Bedroom | -$310 | $1,800 | $1,490 |
Affordability — Kent, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $238,000 |
| Median Household Income | $57,400 |