Kent, Washington... The area in zip code 98030 sits on what's known around here as Kent East Hill. It's population has about doubled since the early 1980's.
R.E.I., Oberto Sausage Company, and Seattle Bicycle Supply call Kent homebase. Boeing did most of it's Aerospace work here in the 60's and 70's.
Kent is now a major regional distribution center due to it's close proximity to Seattle, Tacoma, freeways, and railroad.
If you're from around here you can't help but remember Kent through the eyes of Seattle, Almost Live... a local comedy show that first aired in the early 80's hosted by John Keister, with Pat Cashman, Bill Nye (the science guy), Tracey Conway, Joel McHale and others.
Almost Live made fun of every town in the Northwest... It was OK though because the 'fun' wasn't according to Los Angeles or New York. It was homespun humor and we were laughing at ourselves. Kent did take the brunt for a lot of jokes... Maybe you've seen this bit...
Cops in Kent Almost Live Seattle PI's The Big Blog
Kent neighborhoods run the full spectrum from modest older homes to rural mansions, but primarily it's a middle class town. In the 98030 zip code there are 5644 non-waterfront single family dwellings. You can see that prior to 2008 about 6.5% of the market turns over. Most of the homes are locally assessed between $200,000 and $400,000. I'm sure like most areas in the country values have dropped but if you purchased in 2004 or back (and didn't refi into a bad ARM) you'd be in good shape. The average homeowner stays in their residence about 8 years. The area was built for familys and you'll see home sizes are mostly around 2000 square feet with generous lot sizes, especially in the older neighborhoods.
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| Residential Transaction Study | 7/13/2009 |
| Project description: Kent, WA 98030 (non-waterfront SFD's) |
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| yearly market | Most recent transaction: 7/2/2009 | Market (homes): 5644 |
| year | sales | mrkt% | $/sqft | low price | avg price | high price |
| 2009 | 109 | 2% | $133 | $149,276 | $271,966 | $565,000 |
| 2008 | 215 | 4% | $156 | $172,000 | $334,048 | $755,000 |
| 2007 | 332 | 6% | $175 | $160,000 | $375,504 | $1,048,333 |
| 2006 | 370 | 7% | $181 | $185,000 | $359,245 | $1,185,000 |
| 2005 | 387 | 7% | $151 | $100,000 | $297,403 | $670,000 |
| 2004 | 322 | 6% | $129 | $120,000 | $253,273 | $675,000 |
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| market by assessed value ranges | Sale $ / assessed value % |
| Assessed Value Range | # | mrkt % | last 12mo | avg sale $ | low | avg | high |
| $100,000-$199,999 | 23 | % | 2 | $257,250 | 146% | 152% | 158% |
| $200,000-$299,999 | 2,225 | 39% | 121 | $236,229 | 4% | 87% | 130% |
| $300,000-$399,999 | 2,814 | 50% | 171 | $290,731 | 14% | 87% | 122% |
| $400,000-$499,999 | 395 | 7% | 30 | $355,003 | 42% | 82% | 113% |
| $500,000-$599,999 | 129 | 2% | 12 | $421,398 | 58% | 81% | 89% |
| $600,000-$699,999 | 36 | 1% | 3 | | | | |
| $700,000-$799,999 | 17 | % | 3 | $466,000 | 56% | 64% | 72% |
| $800,000 and up | 2 | % | | | | | |
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| 1 story | 3050 | w/ bsmt | 1,619 | platted | 4,823 |
| 1.5 story | 203 | avg bsmt sqft | 1,025 | avg lot sqft1 | 8,814 |
| 2 story | 2382 | w/ garage | 4,459 | unplatted | 821 |
| 3+ story | 1 | avg garage sqft | 468 | avg lot sqft2 | 34,688 |
| avg % imprvd | 58% | avg year built | 1980 | avg bldg sqft | 2,012 |
| avg # beds | 3 | avg # baths | 2 | | |
| | 1avg lot sqft of all platted properties | 2avg lot sqft of all unplatted properties |
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| Average length of ownership = 7.9 | | properties owned for: | | | 0-5 years | 2,215 | Owner occupied | 4,768 | | 5-10 years | 1,443 | Non-owner occupied | 876 | | 10+ years | 1,530 | on "No Call" list | 6 | | Average taxes = $3,442 | | | | | | Market by bedroom count (last 12 mo.) | | rooms | sales | avg price | avg $/sqft | | 1 | | | | | 2 | 5 | $238,129 | $180 | | 3 | 96 | $265,530 | $148 | | 4+ | 84 | $322,613 | $137 | | | |
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 | The data used in this report is deemed reliable, but not guaranteed.
© 2009 ARFCO MEDIA... Renton WA 98055 |
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