Welcome to our 98031 real estate data hub, tailored for investors in Kent, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98031 in Kent, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KING COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Kent, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Kent property market.
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Location Overview
- Zip Code: 98031
- City: Kent
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: KING COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $620,478
- Average Home Price (Single Family Homes): $628,056
- Average Monthly Rental Price (All Types): $1,930
- Price-to-Rent Ratio: 27
- Zillow Projected % appreciation from 4/2023-4/2024: -0.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,180
- Average 3 Bedroom Section 8 Rental Rates: $2,930
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.72
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.65
- Number of Units Offered in Section 8 in the County: 11503
- Number of Occupied Units in Section 8 in the County: 11121
- Percentage of Section 8 Units Occupied in the County: 96.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 350.04
- Total % Appreciation since 2000 (Government Data): 212.49
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.99%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -1.64%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.48%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.78%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 123.51%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 45.17%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 121.6%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.85%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.27%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 24.63%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%