Kent, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kent, WA Real Estate Data


Kent Housing Market Information

With a population of 126,952, 42,457 total housing units (homes and apartments), and a median house value of $332,947, real estate costs in Kent are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Kent, accounting for 49.89% of the city's housing units. Other types of housing that are prevalent in Kent include large apartment complexes or high rise apartments ( 33.88%), duplexes, homes converted to apartments or other small apartment buildings ( 6.79%), and a few row houses and other attached homes ( 5.31%).

The most prevalent building size and type in Kent are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.00% owning and 47.00% renting.

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 ( 18.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.31%). There's also some housing in Kent built before 1939 ( 2.36%).

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 -0.35% during the period.

Appreciation rates are so strong in Kent that despite a nationwide downturn in the housing market, Kent real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kent appreciation rates continue to be some of the highest in America, at 10.93%, which is higher than appreciation rates in 98.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kent. Kent appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, NeighborhoodScout’s exclusive research found that Kent's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Washington, our data show that Kent's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.

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:
$332,947

Kent, WA HOME PRICES

Value Range
> $1,375,000 0.4
$1,031,001 - $1,375,000 0.6
$687,001 - $1,031,000 3.6
$550,001 - $687,000 5.5
$413,001 - $550,000 18.9
$275,001 - $413,000 39.9
$137,001 - $275,000 21.8
$69,001 - $137,000 3.3
$0 - $69,000 5.9

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8958833518768 31.2056737588652

Number Of Homes And Apartments:
42,457

Rent & Ownership

 

Average Market Rent:
$1,797 / per month

Homeownership Rate

Homeownership
Owners 53.00
Renters 47.00
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Kent HOMES
2000 or Newer 14.3
1970 - 1999 65.1
1940 - 1969 18.2
1939 or Older 2.4

Types of Homes

TYPE OF Kent HOMES
Single-Family 49.9
Townhomes 5.3
Small Apt. Buildings 6.8
Apt. Complexes 33.9
Mobile Homes 3.9
Other 0.3

Home Size

SIZE OF Kent HOMES
No Bedroom 1.66
1 Bedroom 14.59
2 Bedrooms 28.27
3 Bedrooms 31.68
4 Bedrooms 18.68
5 or more bedrooms 5.11

Kent Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
59.04% 2.77% 4 7
* 10 is highest