ZIP Code · WA

ZIP 98032

Part of Kent, WA

Pop. 40,862·King County·129th most expensive ZIP in Washington

Median rent (all units)

$1,951/mo

Year-over-Year

+0.8%

Month-over-Month

-0.5%

vs US Median

+$19

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98032 · $1,951

More expensive than 59% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,950

1 BR

$2,020

2 BR

$2,350

3 BR

$3,070

4 BR+

$3,610

Research median

$2,350/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 98032 usually run 1% below trend in December and 1.2% above it in August, about $43 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 98032 is 0.5% below its high of $1,960 in August 2026, at $1,951 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98032 changed +0.8% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 98032 rose 23.9% while median household income rose 30% ($63,562 to $82,636). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 98032 is 22.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($82,636) is $2,066 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,020); a 2-bedroom is $2,350.

Rank in Kent

3rd cheapest of 3 ZIP codes in Kent.

From Zillow's monthly rent index (ZORI) for ZIP 98032. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,412/yr

At $1,951/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 (+0.8% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 98032 (Kent, WA) is majority renter-occupied, skews toward younger working-age adults, 28.1% of residents hold a bachelor's degree or higher.

Population

40,862

Median income

$82,636

Median age

32.9

Renters

57.3%

Age distribution

24%

30.7%

24.6%

Under 1824%

18–3430.7%

35–5424.6%

55–649.9%

65+10.9%

Gender

51.8%

48.2%

Male51.8%

Female48.2%

Race & ethnicity

31.4%

15.9%

25.2%

16.2%

White31.4%

Black15.9%

Hispanic25.2%

Asian16.2%

Other11.2%

Education (25+)

18.1%

23%

30.8%

28.1%

No HS diploma18.1%

HS diploma23%

Some college30.8%

Bachelor's+28.1%

Housing tenure

42.7%

57.3%

Owner42.7%

Renter57.3%

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

2021 vs 2026

How ZIP 98032 in Kent, WA has changed in 5 years

Rent

$1,625 → $1,951

up 20.1%

Income

$69,437 → $82,636

up 19.0%

Population

38,985 → 40,862

up 4.8%

Renter share

58.1% → 57.3%

-0.8 pts

Bachelor's+

24.5% → 28.1%

+3.6 pts

Five years ago, renters in ZIP 98032 in Kent, WA paid around $1,625 a month. That figure now sits near $1,951, up 20.1% from the 2021 baseline. Household income in the area moved from $69,437 to $82,636 across the same window, up 19.0% versus 2021. Census counts show ZIP 98032 in Kent, WA adding about 1,877 residents over the five-year window, up 4.8% on net. Bachelor's-degree-or-higher attainment moved from 24.5% to 28.1% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 98032 in Kent, WA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 98032

Last updated: October 17, 2026

ZIP code 98032 covers Kent, WA. The median rent here is $1,951/mo as of October 2026. A 1-bedroom rents for a median of $2,020/mo. A 2-bedroom rents for a median of $2,350/mo.

At 28% of local median household income ($82,636/yr), ZIP 98032 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98032?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,951/mo in ZIP 98032. The local median household income is $82,636/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98032?

Rent in ZIP 98032 has risen 0.8% over the past year as of September 2026. It sits 0.5% below its high of $1,960 in August 2026.

When is the cheapest time to rent in ZIP 98032?

Asking rents in ZIP 98032 are usually lowest in December, about 1% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $43 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 98032?

No. From 2019 to 2024, rent in ZIP 98032 rose 23.9% while median household income rose 30%, from $63,562 to $82,636. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98032 compare to other ZIPs in Washington?

ZIP 98032 is in the middle among Washington ZIP codes for rent, ranking #129 of 207 at $1,951/mo. Over the year to September 2026, rent in ZIP 98032 changed +0.8%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.