Kent appreciation rates and housing market information

Kent housing market information

With 27,994 people, 10,461 houses or apartments, and a median cost of homes of $155,859, Kent real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Kent, accounting for 41.63% of the city's housing units. Other types of housing that are prevalent in Kent include large apartment complexes or high rise apartments (38.77%), duplexes, homes converted to apartments, or other small apartment buildings (15.53%), row houses and other attached homes (3.25%), and a few mobile homes or trailers (0.81%).

People in Kent primarily live in small (one, two, or no bedroom) single-family detached homes. Kent has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kent's housing was primarily built during this period, from the '40s through the '60s. A full 42.41% of the city's housing hails from this era. Other housing ages represented in Kent include homes built between 1970-1994 (35.66%), and housing constructed from 1939 and earlier (17.92%). There's also some housing in Kent built between 1995 and later (4.01%).

Kent home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Kent, where house values have increased just 32.60%, which is an average annual increase of 3.26%. NeighborhoodScout's data show that in the latest quarter, Kent house values appreciated 2.70%, which is an annualized rate of 10.80%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Kent home appreciation rates, at -0.16%, have been at or slightly above the national average. In the latest quarter, Kent's appreciation rate has been 2.70%, which annualizes to a rate of 10.80%.

Importantly, this makes Kent one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Kent's latest annual appreciation rate is higher than 29% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kent differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kent - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Kent real estate investment or home purchase decisions.