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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 134,392, 45,699 total housing units (homes and apartments), and a median house value of $645,684, 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 50.62% of the city's housing units. Other types of housing that are prevalent in Kent include large apartment complexes or high rise apartments ( 33.98%), row houses and other attached homes ( 6.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.22%).
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 54.99% owning and 45.01% 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 2000 and later ( 19.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.76%). There's also some housing in Kent built before 1939 ( 2.01%).
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 140.57% over the last ten years, which is an average annual home appreciation rate of 9.18%, putting Kent in the top 10% 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 1.98%, 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 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Kent one of the highest appreciating communities in the nation for the latest quarter, and 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 lower than 50% 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.
$645,684
for Washington
for nation
45,699
$3,125 / per month