Kent, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Kent Neighborhoods Since 2000




Kent, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Kent Housing Market Information

With 29,810 people, 10,120 houses or apartments, and a median cost of homes of $171,552, 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 41.65% of the city's housing units. Other types of housing that are prevalent in Kent include large apartment complexes or high rise apartments ( 39.40%), duplexes, homes converted to apartments or other small apartment buildings ( 12.38%), and a few row houses and other attached homes ( 6.57%).

Kent is dominated by renter-occupied one, two, or no bedrooms apartments. 67.39% of Kent's dwellings are rentals.

There is a lot of housing in Kent built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kent built between 1940-1969 ( 31.98%). A lesser amount of the housing stock also hails from before 1939 ( 17.31%). There's also some housing in Kent built between 2000 and later ( 11.57%).

Vacant housing appears to be an issue in Kent. Fully 16.67% of the housing stock is classified as vacant. Left unchecked, vacant Kent homes and apartments can be a drag on the real estate market, holding Kent real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kent Home Appreciation Rates

Real estate appreciation rates in Kent's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Kent appreciation rates have trailed the rest of the nation. In the last twelve months, Kent's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kent were at 0.81%, which equates to an annual appreciation rate of 3.28%.

Relative to Ohio, our data show that Kent's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Kent real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,552

Kent, OH HOME PRICES

Value Range
> $1,100,000 0.3
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 0.5
$330,001 - $440,000 3.1
$220,001 - $330,000 14.2
$110,001 - $220,000 65.0
$55,001 - $110,000 13.3
$0 - $55,000 3.6

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
41.0699636704559 25.4593175853018

Number Of Homes And Apartments:
10,120

Kent Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
8.94% 0.50% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$924 / per month

Homeownership Rate

Homeownership
Owners 32.61
Renters 67.39
Vacant 16.67

Housing Market Details

 

Age of Homes

AGE OF Kent HOMES
2000 or Newer 11.6
1970 - 1999 39.1
1940 - 1969 32.0
1939 or Older 17.3

Types of Homes

TYPE OF Kent HOMES
Single-Family 41.7
Townhomes 6.6
Small Apt. Buildings 12.4
Apt. Complexes 39.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kent HOMES
No Bedroom 4.70
1 Bedroom 16.79
2 Bedrooms 30.76
3 Bedrooms 30.89
4 Bedrooms 12.49
5 or more bedrooms 4.36