Kent, Ohio Housing Market Prices
Kent Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 35% above the Ohio median$187,500
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Median rent 5% below the Ohio median$981
Housing Market Overview
| Metric | Kent | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $139,044 | $248,835 |
| Price Trend (Annual %) | 22.5% | 6.7% | 7.5% |
| Median Gross Rent | $981 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kent is about 35% higher than in Ohio. Rent is about 5% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kent, up about 22.5% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Kent rose about 30.5% between 2015 and 2024, from $752 to $981. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Kent.
Buying the median-priced home in Kent costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Kent. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Kent | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $139,044 | $248,835 |
| Median Household Income | $42,621 | $71,509 | $80,455 |
| Price-to-Income Ratio | 4.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kent rose about 9.3%, while median household income rose about 51.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kent | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 33.3% | 61.7% | 58.5% |
| Rental Rate | 48.4% | 30.1% | 31.2% |
| Vacancy Rate | 18.3% | 8.1% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Kent has a homeownership rate of 33.3%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 18.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Kent | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1971 | 1970 | 1978 |
| Median Number of Rooms | 4.7 | 5.9 | 5.5 |
The typical housing unit in Kent was built around 1971. On average, 2.2 people live in a home with about 4.7 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kent, Ohio.
What is the median home price in Kent, Ohio?
The median home price in Kent, Ohio is $187,500, higher than the Ohio average of $139,044.
What is the average home price in Kent, Ohio?
The typical home price in Kent, Ohio, reported as the median sale price, is $187,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kent, Ohio?
The median gross rent in Kent, Ohio is $981 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Kent in 2020?
In 2020, the median gross rent in Kent, Ohio was $785 per month.
What is the price-to-rent ratio in Kent, Ohio?
The price-to-rent ratio in Kent, Ohio is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Kent.
Are home prices or rent rising faster in Kent, Ohio?
Both home prices and rent are rising in Kent, up about 22.5% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kent, Ohio?
33.3% of households in Kent, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Kent, Ohio?
The housing vacancy rate in Kent, Ohio is 18.3%, higher than the Ohio average of 8.1%.
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