Mortgage Rates in Kent, Washington — March 2026
Updated March 2026 | Based on Kent market data and regional lending conditions
Kent is a growing city in Washington with a population of 136,588. The current 30-year fixed mortgage rate in Kent is 6.57%, which is 0.08% below the national average. With a median home price of $495,000 and a 20% down payment of $99,000, homebuyers can expect a monthly principal and interest payment of approximately $2,521.
Current Mortgage Rates in Kent, WA
Below are the current average mortgage rates available in the Kent area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Kent Housing Market Overview
The Kent housing market reflects moderate demand with prices near the national average. The median household income in Kent is $68,250, and the cost of living index is 112.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $124,500 to comfortably afford the median-priced home in Kent, which exceeds the current median household income.
Monthly Payment Breakdown for Kent
Based on the median home price of $495,000 with 20% down ($99,000), here is what you can expect to pay monthly in Kent:
15-Year vs. 30-Year Mortgage in Kent
Choosing a 15-year mortgage in Kent at 5.81% instead of a 30-year at 6.57% would save you $313,380 in total interest over the life of the loan. However, your monthly payment would be $3,301 instead of $2,521 — an increase of $780 per month.
Calculate Your Kent Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Kent
What are the current mortgage rates in Kent, WA?
As of March 2026, the average 30-year fixed mortgage rate in Kent, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Kent?
Based on the median home price of $495,000 with 20% down, the estimated monthly mortgage payment in Kent is $2,521 for principal and interest. Including property taxes of $384/month, the total monthly housing cost is approximately $2,905.
What income do I need to buy a home in Kent?
Using the 28% rule, you would need an annual income of approximately $124,500 to afford the median-priced home in Kent at $495,000. The median household income in Kent is $68,250. This means most households would need to either earn above the median or consider homes below $495,000.
Is Kent a good place to buy a home in 2026?
Kent has a moderate cost of living with a cost of living index of 112.5 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Kent has a population of 136,588 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kent, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.