Kent, WA—98030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kent, WA
As of Oct '25, the median home price in Kent, WA is $625,000, with a year-over-year change of -1.1%. This indicates that home prices in Kent, WA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $625,000 | -1.1% |
| Single Family | $655,000 | -1.5% |
| Condos | $296,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $217,000 | 1.9% |
2 Bed | $303,000 | -5.3% |
3 Bed | $589,000 | -1.0% |
4 Bed | $712,000 | -1.5% |
| 5 Bed | $794,000 | -1.5% |
% of Housing Stock
Rental Trends — Kent, WA
As of July '25, Rentcast reports the average rent in Kent, WA is $2,130, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Kent, WA is studios: $1,330, 1-bedrooms: $1,480, 2-bedrooms: $1,960, 3-bedrooms: $2,850, 4-bedrooms: $3,460. The most common rental property sizes in Kent, WA are 2-bedroom and 1-bedroom, accounting for 39.4% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,130 |
| Studio Rent | $1,250 | $1,330 |
| 1 Bed Rent | $1,500 | $1,480 |
| 2 Bed Rent | $1,950 | $1,960 |
| 3 Bed Rent | $2,800 | $2,850 |
| 4 Bed Rent | $3,460 | $3,460 |
% of Rental Stock
Property Listings — Kent, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Kent, WA is 40. This is a decrease of -6.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | 17.0% |
Listing Count | 107 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 40 | -6.0% |
Demographics — Kent, WA
As of the latest ACS Survey released in 2023, Kent, WA has a population of 38,500, which has increased by 1.8% over the past 5 years. Kent, WA is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | 1.8% |
% Under 18 | 23.7% | -11.6% |
% Seniors | 10.6% | -0.9% |
% WFH | 8.9% | 134.2% |
% w/ College Degree | 28.0% | 41.4% |
As of the latest ACS Survey released in 2023, Kent, WA is a predominantly white area, with 40.9% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Kent, WA is asian, making up 24.5% of the population. Foreign-born residents account for 35.8% of the population in Kent, WA, and this percentage has increased by 5.3% 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 | 40.9% | 1.0% |
% Black | 11.0% | -32.5% |
% Hispanic | 15.1% | 7.1% |
% Asian | 24.5% | 11.9% |
% Foreign Born | 35.8% | 5.3% |
Mortgage and Risk — Kent, WA
According to HUD data as of 2023, there were 473 mortgage originations in Kent, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Kent, WA. Investor activity is low, as 3.0% 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 | 473 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Kent, WA
As of 2024, the percent of homes in Kent, WA under the Section 8 program is 12.2%. 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. In Kent, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 777 |
Total Units Section 8 | 716 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,500 | $2,130 |
| 2 Bedroom | $530 | $1,950 | $2,480 |
| 3 Bedroom | $470 | $2,800 | $3,270 |
| 4 Bedroom | $350 | $3,460 | $3,810 |
Affordability — Kent, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $625,000 |
| Median Household Income | $91,200 |