Home Values

Kent County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$221,400

  • 13.9% 1-year change
  • None 1-year forecast

The median home value in Kent County is $221,400. Kent County home values have gone up 13.9% over the past year. The median list price per square foot in Kent County is $138, which is lower than the Maryland average of $157. The median price of homes currently listed in Kent County is $249,400 while the median price of homes that sold is $204,500. The median rent price in Kent County is $1,200, which is lower than the Maryland median of $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Kent County 5.8 homes are foreclosed (per 10,000). This is lower than the Maryland value of 7.1 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Kent County is 10.2%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Kent County homeowners underwater on their mortgage is 16.7%, which is lower than Maryland at 22.6%.

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Relative ZHVI
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Kent County Market Overview

Data through Dec 31, 2014
  • $221,400 ZHVI
  • No data 1-yr forecast
  • $249,400 Median listing price
  • $204,500 Median sale price
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Kent County Market Health

Data through Dec 31, 2014
  • 3.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.8 homes Kent County
7.1 homes Maryland
4 homes United States
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Cities in Kent County

Name Median ZHVI
Kennedyville $288,900
Galena $234,900
Chestertown $222,600
Name Median ZHVI
Worton $211,900
Rock Hall $197,000
 

Listings & Sales

Data through Dec 31, 2014
  • $138 Median list price / sq ft
  • $118 Median sale price / sq ft
  • 8.6% Listings with price cut
15.5%
Sold below listing
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Kent County Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,595 Kent County
    $1,767 Maryland
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price
  • $0.81 Rent list price / sq ft
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