Kenmore, WA 98028 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Kenmore, WA—98028

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,036,000

4.0% YoY Growth

Household Income

$138,000

31.3% YoY Growth

Days on Market

64.0% Longer YoY

Home Price Forecast

-2.3%

Median Rent

$2,900

8.9% YoY Growth

1-Bed Rent

$1,790

12.7% YoY Growth

2-Bed Rent

$2,150

3.3% YoY Growth

3-Bed Rent

$3,450

6.0% YoY Growth

Home Price Trends — Kenmore, WA

As of May '26, the median home price in Kenmore, WA is $1,036,000, with a year-over-year change of -4.0%. This indicates that home prices in Kenmore, WA are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,036,000	-4.0%
Single Family	$1,098,000	-4.8%
Condos	$473,000	-7.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Kenmore, WA

As of July '25, Rentcast reports the average rent in Kenmore, WA is $2,880, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Kenmore, WA is 1-bedrooms: $1,870, 2-bedrooms: $2,330, 3-bedrooms: $3,510, 4-bedrooms: $3,920. The most common rental property sizes in Kenmore, WA are 2-bedroom and 1-bedroom, accounting for 34.6% and 31.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,900	$2,880
Studio Rent	N/A	N/A
1 Bed Rent	$1,790	$1,870
2 Bed Rent	$2,150	$2,330
3 Bed Rent	$3,450	$3,510
4 Bed Rent	$3,750	$3,920

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% of Rental Stock

Studio

7.4%

1 Bedroom

31.9%

2 Bedrooms

34.6%

3 Bedrooms

12.3%

4 Bedrooms

7.3%

5+ Bedrooms

6.5%

Property Listings — Kenmore, WA

As of May '26, Realtor.com reports that the median days on market for a home in Kenmore, WA is 43. This is a increase of 64.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,020,000	13.0%
Listing Count	115	33.0%
Listings as % of Homes	0.5%	33.0%
Days on Market	43	64.0%

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Demographics — Kenmore, WA

As of the latest ACS Survey released in 2023, Kenmore, WA has a population of 23,600, which has increased by 4.8% over the past 5 years. Kenmore, WA is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,600	4.8%
% Under 18	21.4%	-3.6%
% Seniors	16.7%	21.0%
% WFH	29.8%	254.8%
% w/ College Degree	57.2%	-0.2%

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As of the latest ACS Survey released in 2023, Kenmore, WA is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Kenmore, WA is asian, making up 14.7% of the population. Foreign-born residents account for 22.3% of the population in Kenmore, WA, and this percentage has increased by 28.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	64.3%	-13.8%
% Black	3.1%	121.4%
% Hispanic	10.7%	30.5%
% Asian	14.7%	26.7%
% Foreign Born	22.3%	28.2%

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Mortgage and Risk — Kenmore, WA

According to HUD data as of 2023, there were 507 mortgage originations in Kenmore, WA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Kenmore, WA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	507
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Kenmore, WA

As of 2024, the percent of homes in Kenmore, WA under the Section 8 program is 3.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Kenmore, WA, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	119
Total Units Section 8	85
% Rentals under Section 8	3.0%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$400	$1,790	$2,190
2 Bedroom	$400	$2,150	$2,550
3 Bedroom	-$90	$3,450	$3,360
4 Bedroom	$170	$3,750	$3,920

Kenmore, WA—98028

Key Metrics at a Glance

Home Price Trends — Kenmore, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kenmore, WA

% of Rental Stock

Property Listings — Kenmore, WA

Demographics — Kenmore, WA

Race and Ethnicity

Mortgage and Risk — Kenmore, WA

Mortgages

Rentals and Section 8 — Kenmore, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Kenmore, WA

Home Price to Income Ratio

Kenmore, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Kirkland, WA

Bothell, WA

Lake Forest Park, Shoreline, WA

Bothell, WA

Northgate, Seattle, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7
Median Home Price	$1,036,000
Median Household Income	$138,000

Kenmore, WA—98028

Key Metrics at a Glance

Home Price Trends — Kenmore, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kenmore, WA

% of Rental Stock

Property Listings — Kenmore, WA

Demographics — Kenmore, WA

Race and Ethnicity

Mortgage and Risk — Kenmore, WA

Mortgages

Rentals and Section 8 — Kenmore, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Kenmore, WA

Home Price to Income Ratio

Kenmore, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Kirkland, WA

Bothell, WA

Lake Forest Park, Shoreline, WA

Bothell, WA

Northgate, Seattle, WA

Frequently Asked Questions

What is the average home price in Kenmore, WA 98028?

How have home prices in Kenmore, WA 98028 changed over the past year?

What is the home price projection for Kenmore, WA 98028?

What are the demographics of Kenmore, WA 98028?

How long does it take homes to sell in Kenmore, WA 98028?

What is the average rent price in Kenmore, WA 98028?