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ZIP Code · WA

ZIP 98031

Part of Kent, WA
Pop. 40,094·King County·86th most expensive ZIP in Washington
Median rent (all units)
$2,151/mo
Year-over-Year
-1.9%
Month-over-Month
+0.7%
vs US Median
+$186
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98031 · $2,151
More expensive than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,920
1 BR
$1,980
2 BR
$2,310
3 BR
$3,020
4 BR+
$3,550
Research median
$2,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,812/yr
At $2,151/mo median
Location
CityKent
StateWA
CountyKing County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.9% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 98031 (Kent, WA) is majority owner-occupied, has a median income above the national average, 32.1% of residents hold a bachelor's degree or higher.

Population
40,094
Median income
$105,965
Median age
38.1
Renters
32.8%
Age distribution
22.7%
22.7%
27.4%
14.4%
12.9%
Under 1822.7%
18–3422.7%
35–5427.4%
55–6414.4%
65+12.9%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
34.5%
13%
12.5%
29.7%
White34.5%
Black13%
Hispanic12.5%
Asian29.7%
Other10.3%
Education (25+)
22.5%
34.1%
32.1%
No HS diploma11.4%
HS diploma22.5%
Some college34.1%
Bachelor's+32.1%
Housing tenure
67.2%
32.8%
Owner67.2%
Renter32.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 98031 in Kent, WA has changed in 5 years

Income
$89,882 → $105,965
up 17.9%
Population
41,464 → 40,094
down 3.3%
Renter share
34.9% → 32.8%
-2.1 pts
Bachelor's+
29.9% → 32.1%
+2.2 pts
Median age
35.6 → 38.1
+2.5 yrs

Local incomes tracked alongside that move, going from a median of $89,882 in 2021 to $105,965 more recently. Headcount in the area went from 41,464 to 40,094 between 2021 and 2024, a 3.3% change. About 32.8% of households rent today, against 34.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.9% to 32.1%.

Community

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Local insights

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About renting in ZIP 98031

Last updated: July 20, 2026

ZIP code 98031 covers Kent, WA. The median rent here is $2,151/mo as of July 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,310/mo.

At 24% of local median household income ($105,965/yr), ZIP 98031 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98031?

As of July 20, 2026, the median monthly rent in ZIP 98031 (Kent, WA) is $2,151. This is based on aggregated data from public sources and community submissions.

How does ZIP 98031 rent compare to the US average?

ZIP 98031's median rent of $2,151/mo is $186 (9%) above the US national median of $1,965/mo.

How does ZIP 98031 compare to other ZIPs in Washington?

ZIP 98031 falls in the middle range for Washington, ranking #86 out of 209 ZIPs at $2,151/mo.

How much income do you need to rent in ZIP 98031?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,151/mo in ZIP 98031. The local median household income is $105,965/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98031?

Rent in ZIP 98031 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98031 an affordable place to rent?

ZIP 98031 is considered very affordable for renters. At $2,151/mo, rent takes approximately 24% of the local median household income ($105,965/yr). The standard benchmark is 30%. ZIP 98031 falls comfortably within that range.

What percentage of ZIP 98031 residents rent vs. own?

According to Census data, approximately 32.8% of ZIP 98031 households are renters, while 67.2% are owner-occupied. ZIP 98031 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98031 compare to the rest of Kent?

ZIP 98031 is pricier than Kent as a whole. At $2,151/mo, it's $173 above the Kent citywide median of $1,978/mo.

When was rent data for ZIP 98031 last updated?

Rent data for ZIP 98031 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,151/mo, rent takes ~24% of ZIP 98031's median household income ($105,965/yr). The standard benchmark is 30%.

ZIP 98031 24%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 98031 (Kent, WA)

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