Housing affordability · NY · 2024

Kings Housing Affordability

Crisis — Affordability crisis

62nd most affordable of 62 New York counties · price-to-income ratio

Median Home Value
$905,000
↑114% vs NY · ↑396% vs US
Price-to-Income Ratio
11.3×
↑131% vs NY · ↑277% vs US
Median Monthly Rent
$1,833
↑13% vs NY · ↑111% vs US
Renter Cost Burden
49%
↓1% vs NY · ↑28% vs US
Analysis · NY

Kings at a glance

Kings presents a split picture: home prices relative to income (11.3×) run above the New York state median, yet rental costs remain relatively contained — common in markets where a strong renter base moderates rents below statewide norms.

At Kings's median household income of $80,263, a renter paying the median monthly rent of $1,833 would commit 27% of gross annual income to housing — below the 30% threshold widely used to define cost burden.

For owner-occupied households, 27% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.

Kings FAQ

What is the median home price in Kings?

The median home value in Kings, NY is $905,000 (2024 ACS 5-year estimate). This is 114% above the New York state median of $423,800.

Is Kings an affordable place to buy a home?

Kings is rated Crisis on the USInsights affordability scale. The price-to-income ratio is 11.3×, meaning the median home costs roughly 11.3 years of median household income ($80,263). Above 7.0× indicates a severe affordability crisis.

What is the average rent in Kings?

The median gross rent in Kings is $1,833 per month (2024 ACS 5-year estimate). 49% of renters spend more than 30% of their income on housing. The New York state median is $1,621.

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Source: US Census Bureau ACS 5-Year Estimates 2024 (2020–2024 survey period). Price-to-income ratio = median home value ÷ median household income. Full New York methodology →