The story of this market
The typical home in ZIP 98031 sells for about $673,000, or $331 per square foot.
Prices are down 2% from a year ago, which gives buyers more room to negotiate. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,991 a month.
ZIP 98031 — Kent
The 98031 housing market is currently experiencing a period of stabilization, with median prices holding steady despite a slight year-over-year decline. Increased inventory levels have provided buyers with more options, leading to a more balanced market compared to the rapid pace seen in previous years. The area remains a key residential hub for the South King County workforce, supported by consistent demand and regional economic stability.
This ZIP code is well-suited for family buyers and commuters who value a balance between suburban living and access to major regional employment hubs. It also attracts long-term rental investors looking for stable demand in the South King County market.
Median prices moved down 2.0% year over year.
Homes spend a median of 29 days on market with 5.6 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 10.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 98031, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime in the Kent area is generally consistent with regional suburban trends in King County, with property crime remaining the primary concern for residents. Local law enforcement maintains active community outreach programs to address public safety.
Schools serving the 98031 area are part of the Kent School District, which offers a diverse range of educational programs. Performance ratings vary by individual school, with many institutions focusing on college and career readiness initiatives.
The area faces standard Pacific Northwest risks, including potential for windstorms and localized flooding in low-lying areas near the Green River. Property insurance remains stable but is subject to regional adjustments based on wildfire and seismic risk assessments.
Kent serves as a major industrial and logistics hub for the Seattle metro area, benefiting from its proximity to major distribution centers and manufacturing facilities. Ongoing infrastructure improvements continue to support the city's role as a key employment node in South King County.
Property taxes in this jurisdiction are determined by the King County Assessor based on annual valuations, with rates set by local levies and state requirements. Special districts for fire, emergency services, and school bonds are included in the total tax bill.
Residents in 98031 benefit from proximity to Highway 167 and I-5, providing direct access to employment centers in Seattle, Bellevue, and Tacoma. Public transit options include local bus routes and nearby Sounder commuter rail stations.
The area features numerous parks such as Lake Fenwick Park and the Green River Trail system, offering extensive opportunities for hiking, cycling, and water-based recreation. Shopping and dining are concentrated along the major commercial corridors of Kent and nearby retail centers.
The rental market in 98031 is characterized by consistent demand from working professionals and families, with moderate vacancy pressure. Investors find a stable long-term hold environment, though high price-to-rent ratios can limit immediate cash-flow potential.
The local economy is anchored by the logistics, manufacturing, and aerospace sectors, with significant employment provided by major distribution centers and regional corporate offices.
The area is served by a network of arterial roads and highways, with transit connectivity provided by King County Metro and Sound Transit services.
Development planning focuses on transit-oriented growth and the revitalization of the downtown Kent area to increase housing and commercial density.
The King County Department of Assessments manages property valuations, utilizing a mass appraisal system to ensure equitable taxation across the county.
Parcels in this ZIP are subject to various special districts, including the Kent School District, fire protection districts, and regional utility districts.
Property insurance in the region is influenced by standard Pacific Northwest hazard profiles, with premiums reflecting regional risk factors for wind and water damage.
Washington state continues to see net positive domestic migration, driven by the strong regional economy and lifestyle amenities.
Washington is a non-judicial foreclosure state, providing a structured process for lenders while offering specific notice and mediation rights to homeowners.
Sellers in Washington are required to provide a comprehensive property disclosure statement, detailing the condition of the home and any known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Wild Waves Theme and Water Park3.910.9 mi
- Sky Zone Trampoline Park4.13.8 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.34.4 mi
- Round1 Bowling & Arcade44.4 mi
- Dave & Buster's3.98 mi
- T-Mobile Park4.714 mi
- Climate Pledge Arena4.516.4 mi
- Lumen Field4.614.2 mi
- Washington State Fair Event Center4.316.3 mi
- Paramount Theatre4.715.4 mi
- Westfield Southcenter4.44.4 mi
- The Museum of Flight4.88.8 mi
- Seward Park4.810 mi
- Gene Coulon Memorial Beach Park4.66.7 mi
- Lincoln Park4.812.5 mi
- Pike Place Market4.615.3 mi
- Gas Works Park4.717.5 mi
- The Museum of Flight4.88.8 mi
- Chihuly Garden and Glass4.716.2 mi
- Museum of Pop Culture4.516.2 mi
- Seward Park4.810 mi
- Gene Coulon Memorial Beach Park4.66.7 mi
- Lincoln Park4.812.5 mi
- Lake Sammamish State Park4.712.1 mi
- Kubota Garden4.77.8 mi
- City of Des Moines Marina4.56.2 mi
- Topgolf Renton4.15.8 mi
- The Golf Club at Newcastle4.49 mi
- Bill Wright Golf Complex At Jefferson Park4.312 mi
- Washington National Golf Club4.17.4 mi
- Maplewood Golf Course4.34.5 mi
- Westfield Southcenter4.44.4 mi
- The Outlet Collection Seattle4.28.1 mi
- WinCo Foods4.41.1 mi
- Kent Station Shopping Center4.42.5 mi
- Fred Meyer4.17.7 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.45.3 mi
- King County International Airport - Boeing Field4.510.1 mi
- Kenmore Air - Lake Union4.616.5 mi
- Kenmore Air - Lake Washington4.524.1 mi
- The Club SEA2.75.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large park featuring a lake, trails, and fishing opportunities.
A major regional trail system providing extensive cycling and walking paths.
A major open-air shopping and entertainment district in the heart of Kent.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.