Kenmore, Washington Housing Market Prices
Kenmore 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 222% above the Washington median$1,562,519
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Median rent 15% above the Washington median$2,029
Housing Market Overview
| Metric | Kenmore | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,562,519 | $485,016 | $248,835 |
| Price Trend (Annual %) | 25.7% | 10.9% | 7.5% |
| Median Gross Rent | $2,029 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.5% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kenmore is about 222% higher than in Washington. Rent is about 15% higher than the Washington 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 Kenmore, up about 25.7% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Kenmore rose about 65.0% between 2015 and 2024, from $1,230 to $2,029. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in Kenmore.
Buying the median-priced home in Kenmore costs roughly 64.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kenmore. The price-to-rent ratio in Washington is about 23.0.
| Metric | Kenmore | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,562,519 | $485,016 | $248,835 |
| Median Household Income | $151,773 | $98,224 | $80,455 |
| Price-to-Income Ratio | 10.3 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kenmore rose about 253.8%, while median household income rose about 72.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kenmore | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.5% | 59.1% | 58.5% |
| Rental Rate | 27.2% | 33.6% | 31.2% |
| Vacancy Rate | 3.2% | 7.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kenmore has a homeownership rate of 69.5%, higher than the Washington average of 59.1%. Its housing vacancy rate is 3.2%, compared with 7.3% in Washington.
Housing Stock
| Metric | Kenmore | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 6.2 | 5.5 | 5.5 |
The typical housing unit in Kenmore was built around 1986. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Kenmore, WA Housing Compared With Nearby Cities
How Kenmore, WA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kenmore, WA | 24,544 | $1,562,519 #1/2 | $2,029 #2/2 | 71.8% #1/2 |
| Bothell, WA | 53,988 | $1,150,754 | $2,314 | 67.6% |
Frequently Asked Questions
Common questions about the housing market in Kenmore, Washington.
What is the median home price in Kenmore, Washington?
The median home price in Kenmore, Washington is $1,562,519, higher than the Washington average of $485,016.
What is the average home price in Kenmore, Washington?
The typical home price in Kenmore, Washington, reported as the median sale price, is $1,562,519. 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 Kenmore, Washington?
The median gross rent in Kenmore, Washington is $2,029 per month, higher than the Washington average of $1,759.
What was the median gross rent in Kenmore in 2020?
In 2020, the median gross rent in Kenmore, Washington was $1,512 per month.
What is the price-to-rent ratio in Kenmore, Washington?
The price-to-rent ratio in Kenmore, Washington is about 64.2, meaning it would take roughly 64.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kenmore.
Are home prices or rent rising faster in Kenmore, Washington?
Both home prices and rent are rising in Kenmore, up about 25.7% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kenmore, Washington?
69.5% of households in Kenmore, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Kenmore, Washington?
The housing vacancy rate in Kenmore, Washington is 3.2%, lower than the Washington average of 7.3%.
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