Kent County, Maryland Housing Market

In Kent County, Maryland, the median home value is $330,900, with a median monthly rent of $1,209. This places Kent County at #487 nationally out of 3134 counties by median home value, and #16 within Maryland.

Median Home Value $330,900
Median Rent $1,209/mo
Owner Occupancy 72.5%
Price/Rent Ratio 22.8

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Kent County rose +4.9% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,468
jobs (private sector)
  • Avg weekly wage: $1,039
  • Establishments: 739
  • BLS QCEW, 2025
🏗️

Housing Supply

53
new units authorized (2025)
  • Single-family: 37
  • Multi-family: 16
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+556
net migration (filers, 2021-2022)
  • Inflow: 8,272 (avg $99,084)
  • Outflow: 7,716 (avg $96,610)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 5 active ZIP codes in Kent County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 21678 237.8 +14.45% 2025
2 21635 240.2 -5.67% 2025
3 21620 276.9 +9.05% 2025
4 21661 308.6 +4.20% 2025
5 21651 219.5 +13.39% 2022

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Kent County Compares

MetricKent CountyMaryland AverageU.S. Average
Median Home Value $330,900 $370,016 $227,706
Median Gross Rent $1,209 $1,459 $968
Owner Occupancy Rate 72.5% 72.7% 73.3%
Price/Rent Ratio 22.8 21.1 18.7

Market Analysis

The median home value in Kent County is 10.6% below the Maryland state average and 45.3% above the U.S. national average. The median rent of $1,209/month is 17.1% below the state average.

With a price-to-rent ratio of 22.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Kent County has an owner-occupancy rate of 72.5%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Billings County North Dakota $331,000 $621
Gloucester County Virginia $331,000 $1,096
Geauga County Ohio $331,100 $1,083
Montezuma County Colorado $331,400 $942
Tulare County California $330,100 $1,280

Other Counties in Maryland

CountyMedian Home ValueMedian RentOwner Occ.
Cecil County $343,400 $1,377 75.3%
Baltimore County $349,300 $1,627 66.4%
Washington County $296,100 $1,147 66.8%
Caroline County $290,100 $1,105 71.9%
Worcester County $374,700 $1,159 78.0%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).