Home Values in Kent, Washington — 2026 Market Report
Updated March 2026 | Balanced Market | +2.1% YoY
The median home value in Kent, Washington is $495,000 as of March 2026, which is above the national median of $400,000. Home values in Kent have increased by 2.1% over the past year and 11% over the last five years. With a population of 136,588 and a median household income of $68,250, the price-to-income ratio stands at 7.3x, making Kent affordable for the average household.
Kent Housing Market Conditions
| Metric | Kent | National Avg |
|---|---|---|
| Median Home Value | $495,000 | $400,000 |
| YoY Appreciation | +2.1% | +3.8% |
| 5-Year Appreciation | +11% | +22.4% |
| Price per Sq Ft | $289 | $222 |
| Days on Market | 49 days | 45 days |
| Months of Supply | 4.4 | 3.5 |
| List-to-Sale Ratio | 100.4% | 98.5% |
| Monthly Homes Sold | 86 | — |
| Foreclosure Rate | 0.61% | 0.3% |
Home Value Trends in Kent
A homeowner who purchased at the median price of $445,946 five years ago in Kent would have gained approximately $49,054 in equity, representing a 11% return on investment. Over the past year alone, the typical homeowner gained $10,181 in home equity.
Affordability in Kent, WA
With a median household income of $68,250 and a median home price of $495,000, the price-to-income ratio in Kent is 7.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,526 compared to estimated monthly ownership costs of $2,735 gives a rent-vs-buy ratio of 1.08. In Kent, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Kent
The effective property tax rate in Washington is 0.93%. On a home valued at $495,000, the estimated annual property tax bill is $4,604, or approximately $384/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Kent is 112.5 (100 = national average), indicating living costs are above the national average.
Calculate Your Mortgage Payment in Kent
Use our free calculator to estimate monthly payments for a $495,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Kent, WA?
The median home value in Kent, Washington is $495,000 as of March 2026. Home values have changed +2.1% over the past year, with a 5-year appreciation of 11%.
Is Kent a buyer's or seller's market?
Kent is currently a balanced market with 4.4 months of housing supply. Homes spend an average of 49 days on market, and the list-to-sale price ratio is 100.4%. Supply and demand are relatively balanced.
Are home values going up in Kent?
Yes, home values in Kent have increased by 2.1% over the past year. The 5-year appreciation rate is 11%, meaning a home worth $445,946 five years ago is now worth $495,000.
Is it better to rent or buy in Kent?
The average monthly rent in Kent is $2,526, while estimated monthly homeownership costs are approximately $2,735. The price-to-rent ratio is 16.3. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Washington Cities
Related Resources
Disclaimer: Home value data for Kent, Washington is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.