Kent, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Kent, WA 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Kent Housing Market Information

With a population of 128,458, 43,509 total housing units (homes and apartments), and a median house value of $408,671, 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 51.07% of the city's housing units. Other types of housing that are prevalent in Kent include large apartment complexes or high rise apartments ( 32.60%), duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), and a few row houses and other attached homes ( 5.47%).

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 55.05% owning and 44.95% 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 ( 18.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.38%). There's also some housing in Kent built before 1939 ( 2.39%).

Kent Home Appreciation Rates

In the last 10 years, Kent has experienced some of the highest home appreciation rates of any community in the nation. Kent real estate appreciated 42.14% over the last ten years, which is an average annual home appreciation rate of 3.58%, putting Kent in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kent definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 -1.52%, 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 0.25%, which equates to an annual appreciation rate of 1.01%.

Relative to Washington, our data show that Kent's latest annual appreciation rate is lower than 90% 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:
$408,671

Kent, WA HOME PRICES

Value Range
> $1,400,000 0.7
$1,049,001 - $1,400,000 0.5
$700,001 - $1,049,000 4.2
$560,001 - $700,000 10.4
$420,001 - $560,000 27.4
$280,001 - $420,000 31.7
$140,001 - $280,000 15.6
$70,001 - $140,000 2.8
$0 - $70,000 6.7

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
10.9255474452555 25.7950530035336

Number Of Homes And Apartments:
43,509

Kent Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
102.46% 3.68%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,160 / per month

Homeownership Rate

Homeownership
Owners 55.05
Renters 44.95
Vacant 5.26

Housing Market Details

 

Age of Homes

AGE OF Kent HOMES
2000 or Newer 15.4
1970 - 1999 64.1
1940 - 1969 18.1
1939 or Older 2.4

Types of Homes

TYPE OF Kent HOMES
Single-Family 51.1
Townhomes 5.5
Small Apt. Buildings 6.2
Apt. Complexes 32.6
Mobile Homes 4.5
Other 0.1

Home Size

SIZE OF Kent HOMES
No Bedroom 2.14
1 Bedroom 12.94
2 Bedrooms 29.02
3 Bedrooms 32.16
4 Bedrooms 18.82
5 or more bedrooms 4.93