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Kent, WA—98032

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$541,000
1.5% YoY Growth
Household Income
$77,400
29.6% YoY Growth
Days on Market
43
7.0% Longer YoY
Home Price Forecast
-1.5%
Median Rent
$1,790
5.9% YoY Growth
1-Bed Rent
$1,550
9.4% YoY Growth
2-Bed Rent
$2,250
20.9% YoY Growth
3-Bed Rent
$2,900
2.2% YoY Growth

Other Zip Codes in Kent, WA

9803098031
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Kent, WA

As of May '26, the median home price in Kent, WA is $541,000, with a year-over-year change of -1.5%. This indicates that home prices in Kent, WA are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$541,000-1.5%
Single Family $600,000-1.2%
Condos $419,000-3.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $295,000
    -3.6%
    2 Bed
    		$390,000-2.7%
    3 Bed
    		$555,000-1.2%
    4 Bed
    		$665,000-1.5%
    5 Bed $730,464-1.6%
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    % of Housing Stock

    Studio
    4.5%
    1 Bedroom
    24.0%
    2 Bedrooms
    33.2%
    3 Bedrooms
    22.4%
    4 Bedrooms
    11.9%
    5+ Bedrooms
    4.0%

    Rental Trends — Kent, WA

    As of July '25, Rentcast reports the average rent in Kent, WA is $2,070, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Kent, WA is studios: $1,680, 1-bedrooms: $1,540, 2-bedrooms: $2,260, 3-bedrooms: $2,810, 4-bedrooms: $3,640. The most common rental property sizes in Kent, WA are 2-bedroom and 1-bedroom, accounting for 38.6% and 35.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,790$2,070
    Studio Rent $1,600$1,680
    1 Bed Rent $1,550$1,540
    2 Bed Rent $2,250$2,260
    3 Bed Rent $2,900$2,810
    4 Bed Rent $3,700$3,640
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    % of Rental Stock

    Studio
    6.2%
    1 Bedroom
    35.6%
    2 Bedrooms
    38.6%
    3 Bedrooms
    12.6%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    1.4%

    Property Listings — Kent, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Kent, WA is 43. This is a increase of 7.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$527,000-5.0%
    Listing Count
    		847.0%
    Listings as % of Homes0.2%7.0%
    Days on Market
    		437.0%
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    Demographics — Kent, WA

    As of the latest ACS Survey released in 2023, Kent, WA has a population of 40,200, which has increased by 5.6% over the past 5 years. Kent, WA is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		40,2005.6%
    % Under 18
    		24.3%0.4%
    % Seniors
    		10.1%1.0%
    % WFH
    		11.2%300.0%
    % w/ College Degree
    		27.7%19.9%
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    As of the latest ACS Survey released in 2023, Kent, WA is a predominantly white area, with 32.1% of the population identifying as white. The white population has shrunk by 23.4% in the last 5 years. The second most common race or ethnicity in Kent, WA is hispanic, making up 24.3% of the population. Foreign-born residents account for 33.4% of the population in Kent, WA, and this percentage has increased by 22.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		32.1%-23.4%
    % Black
    		16.2%17.4%
    % Hispanic
    		24.3%3.4%
    % Asian
    		16.6%55.1%
    % Foreign Born
    		33.4%22.8%
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    Mortgage and Risk — Kent, WA

    According to HUD data as of 2023, there were 350 mortgage originations in Kent, WA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		350
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Kent, WA

    As of 2024, the percent of homes in Kent, WA under the Section 8 program is 7.9%. 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
    		678
    Total Units Section 8
    		670
    % Rentals under Section 8
    		7.9%
    % Occupied Section 8
    		100.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$530$1,550$2,080
    2 Bedroom$170$2,250$2,420
    3 Bedroom$290$2,900$3,190
    4 Bedroom$20$3,700$3,720

    Affordability — Kent, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.8
    Median Home Price$541,000
    Median Household Income$77,400

    Kent, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Des Moines, WA

    98198

    Tukwila, Seatac, WA

    98188

    Kent, WA

    98031

    Kent, WA

    98030

    Renton, WA

    98055

    Frequently Asked Questions