Kent, WA home values, income, and owner costs

The local figures answer the first question: In Kent, WA, the 2024 ACS reports a median owner-occupied home value of $587,800, median household income of $92,302, and median selected monthly owner costs of $2,484 for owners with a mortgage. For borrower planning, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,484 measure combines recurring ownership expenses instead of real estate taxes alone. A useful affordability review starts with $587,800, $92,302, and $2,484, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Kent, WA's $587,800 median home-value estimate is above the statewide $564,600 estimate, with a reported city-to-state gap of 4.1%. For borrower planning, that 4.1% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Kent, WA. It does not mean every local property is 4.1% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. A borrower may use $587,800 and $564,600 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.