Quick facts: Kent, WA

Quick Facts

110.5
Cost of Living
above US average
134,392
Population
59.28
Crime Rate per 1000
above US average
$86,966
Median Income
above US average
$635,000
Median House Price
above US average
$3065.79
Average Rent
above US average
9%
Poverty Rate
below US average
5.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $86,966.

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Income Needed to Buy

βœ— Stretch
$199k/year
Based on $635,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $199k vs median $86,966
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Income Needed to Rent

⚠ Stretch
$131k/year
Based on $3065.79/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $131k vs median $86,966
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kent, WA

Kent, Washington, located in King County, is part of the Seattle metropolitan area. With a population of approximately 132,000 residents, it is one of the largest cities in the region. Kent is known for its diverse community, robust economy, and vibrant recreational opportunities. The city boasts a mix of urban and suburban living, with various neighborhoods offering parks, shopping centers, and local restaurants. The popular Kent Station, a mixed-use development, features shops, eateries, and access to public transportation. Kent’s picturesque landscapes include numerous parks like Lake Meridian Park and the Green River Natural Resources Area, providing residents with outdoor activities such as hiking, fishing, and picnicking. Kent is also home to several annual events, including the Kent Cornucopia Days, which celebrate the city's agricultural roots. The city’s strategic location provides easy access to Seattle, Tacoma, and the surrounding areas, making it a desirable place for commuters. With a rich history dating back to its founding in 1890, Kent continues to grow and evolve while maintaining its community-oriented spirit.

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