Kent, Washington 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 33% above the Washington median$643,396
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Median rent 8% above the Washington median$1,907
Housing Market Overview
| Metric | Kent | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $643,396 | $485,016 | $248,835 |
| Price Trend (Annual %) | 14.4% | 10.9% | 7.5% |
| Median Gross Rent | $1,907 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kent is about 33% higher than in Washington. Rent is about 8% 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 Kent, up about 14.4% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Kent rose about 79.8% between 2015 and 2024, from $1,060 to $1,907. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Kent.
Buying the median-priced home in Kent costs roughly 28.1 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 Kent. The price-to-rent ratio in Washington is about 23.0.
| Metric | Kent | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $643,396 | $485,016 | $248,835 |
| Median Household Income | $92,432 | $98,224 | $80,455 |
| Price-to-Income Ratio | 7.0 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kent rose about 229.4%, while median household income rose about 55.6% 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 | Kent | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.4% | 59.1% | 58.5% |
| Rental Rate | 40.7% | 33.6% | 31.2% |
| Vacancy Rate | 4.9% | 7.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Kent has a homeownership rate of 54.4%, lower than the Washington average of 59.1%. Its housing vacancy rate is 4.9%, compared with 7.3% in Washington.
Housing Stock
| Metric | Kent | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1987 | 1983 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Kent was built around 1987. On average, 2.8 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Kent, WA Housing Compared With Nearby Cities
How Kent, WA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kent, WA | 124,652 | $643,396 #2/3 | $1,907 #2/3 | 57.2% #2/3 |
| Auburn, WA | 79,988 | $491,823 | $1,775 | 60.9% |
| Renton, WA | 106,398 | $801,868 | $1,970 | 53.4% |
Frequently Asked Questions
Common questions about the housing market in Kent, Washington.
What is the median home price in Kent, Washington?
The median home price in Kent, Washington is $643,396, higher than the Washington average of $485,016.
What is the average home price in Kent, Washington?
The typical home price in Kent, Washington, reported as the median sale price, is $643,396. 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, Washington?
The median gross rent in Kent, Washington is $1,907 per month, higher than the Washington average of $1,759.
What was the median gross rent in Kent in 2020?
In 2020, the median gross rent in Kent, Washington was $1,497 per month.
What is the price-to-rent ratio in Kent, Washington?
The price-to-rent ratio in Kent, Washington is about 28.1, meaning it would take roughly 28.1 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 Kent.
Are home prices or rent rising faster in Kent, Washington?
Both home prices and rent are rising in Kent, up about 14.4% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kent, Washington?
54.4% of households in Kent, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in Kent, Washington?
The housing vacancy rate in Kent, Washington is 4.9%, lower than the Washington average of 7.3%.
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