LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|
Property-class scope

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 market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 98031 — Kent

King County →Seattle marketrefreshed Sep 20, 2026next refresh Oct 20, 2026
Market mood · neutral

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.

Who this ZIP fits

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.

Parent geography
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 20 km²Water area · 0.3 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$673,000
-2% year over year
Corroborated · 1 anchor · 0% off nearest
Days on market
29 days
Active listings
442
Listings with price cuts
21%
share of active listings
Sale-to-list ratio
99.2%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
64
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
40
Growth/100

Median prices moved down 2.0% year over year.

68
Liquidity/100

Homes spend a median of 29 days on market with 5.6 months of supply — a fast-moving market.

70
Momentum/100

21% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.

76
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 10.4% — a stable, low-distress profile.

Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2016201720182019202020212022202320242025202620282030$250,000$500,000$750,000$1,000,000$1,250,000

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.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2016201720182019202020212022202320242025202620282030$3,000$4,500$6,000$7,500$9,000

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.

Census trends · population flowsACS 2020-2024 5-year estimates
Population change
+1.2%

versus the prior ACS vintage

Net migration
+450 people

net influx — more people moved in than out

Population base
40,094

ZCTA 98031, King County WA

Immigration & foreign-bornU.S. Census Bureau ACS · ZIP granular
Foreign-born share
32.9%
Foreign-born residents
13,181
Naturalized (of foreign-born)
55.3%
Non-citizens (of population)
14.7%
Entered 2010 or later (of foreign-born)
37.7%
World region of birth (foreign-born)
Asia
62.2%
Americas
14.7%
Africa
10.5%
Europe
9.1%
Oceania
3.5%

ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.

Area context
Crime & safety

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 & education

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.

Environmental & hazard

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.

Growth & development

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.

Taxation

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.

Transportation & commute

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.

Recreation & amenities

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.

Rental market

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.

Economy & employers

The local economy is anchored by the logistics, manufacturing, and aerospace sectors, with significant employment provided by major distribution centers and regional corporate offices.

Transportation & infrastructure

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 pipeline

Development planning focuses on transit-oriented growth and the revitalization of the downtown Kent area to increase housing and commercial density.

County appraisal district

The King County Department of Assessments manages property valuations, utilizing a mass appraisal system to ensure equitable taxation across the county.

Special districts

Parcels in this ZIP are subject to various special districts, including the Kent School District, fire protection districts, and regional utility districts.

Insurance & hazard market

Property insurance in the region is influenced by standard Pacific Northwest hazard profiles, with premiums reflecting regional risk factors for wind and water damage.

Migration & population flows

Washington state continues to see net positive domestic migration, driven by the strong regional economy and lifestyle amenities.

Foreclosure doctrine

Washington is a non-judicial foreclosure state, providing a structured process for lenders while offering specific notice and mediation rights to homeowners.

Disclosure doctrine

Sellers in Washington are required to provide a comprehensive property disclosure statement, detailing the condition of the home and any known material defects.

Discovery profileACS 2020-2024 5-year estimates
Census profile · ZCTA 98031, King County WA
Population
40,094
Median age
38.1 yrs
Owner-occupancy
58.2%
Median home value
$673,000
Median gross rent
$2,151
Median household income
$92,500
Median year built
1984
Vacancy rate
4.5%
Renter share
41.8%
Owner cost burden
28.5%
Renter cost burden
42%
Population change
+1.2%
Net migration
450
Work-from-home share
18.5%
Mean commute
32.4 min
Bachelor's or higher
34.2%
Unemployment
6.6%
Poverty rate
10.4%
Avg household size
2.8
White
45%
Hispanic
18%
Asian
15%
Black
12%
Other
10%

Data retrieved from data.census.gov ZCTA-level tables.

Public schools with an address here · 3

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.

Kentridge High SchoolHigh6/10Kent School DistrictServes the 98031 area with a focus on comprehensive academic programs.
Mill Creek Middle SchoolMiddle5/10Kent School DistrictProvides core middle school curriculum for the local community.
Panther Lake ElementaryElementary5/10Kent School DistrictFocuses on foundational learning and community engagement.
School districts
Kent School DistrictB-One of the largest districts in the state, serving a diverse student population across Kent and surrounding areas.
Utilities & services
InternetXfinity/CenturyLinkBroadband availability is widespread throughout the ZIP.
ElectricPuget Sound EnergyPrimary provider for electricity in the region.
Natural GasPuget Sound EnergyStandard residential gas service.
Water/SewerCity of KentMunicipal water and sewer services.
TrashRepublic ServicesContracted waste management services.
Major employers & industries
AmazonLogistics/TechMajor regional distribution and fulfillment presence.
BoeingAerospaceSignificant manufacturing and support facilities in the region.
City of KentGovernmentMajor local employer.
Major amenities · ZIP 98031
Entertainment venues, stadiums & amphitheaters
16 · 20 mi
Family fun & things to do
20+ · 13 mi
Museums, galleries & history
20+ · 20 mi
Parks, trails & nature
20+ · 13 mi
Lakes, marinas & beaches
1 · 20 mi
Shopping & dining districts
5 · 13 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions3 retained amenities · 1 development on the horizon
Inside this ZIP
Lake Fenwick Park
Park

A large park featuring a lake, trails, and fishing opportunities.

Green River Trail
Trail

A major regional trail system providing extensive cycling and walking paths.

Kent Station
Shopping/Dining

A major open-air shopping and entertainment district in the heart of Kent.

On the horizon · announced & under construction
Kent Valley Industrial ExpansionIndustrialOngoingContinuous development of logistics and warehouse facilities to support regional trade.
Sources · 10 cited

Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.