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Kent city, WA

ZIP 98032 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98032

Median Home Value
$473,000
Median Rent
$1,637
Affordability Snapshot
$130,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,038/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98032 in Kent city, WA, a household would need roughly $130,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,038. That is about 68% above the local median household income ($77,413), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
41.4%-37% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
93.1%+7% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
29.6%-41% vs US avg
x
Mortgage-Free
29.4%-23% vs US avg
x
$473,000
Home Value
$1,637
Rent
1985
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached30.9%
  • 1-unit attached10.3%
  • 2-9 units18.9%
  • 10+ units37.1%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$473,000
Median rent$1,637
Owner-occupied41.4%
Vacant6.1%
Price-to-income6.1x
Est. income to buy$130,000