Housing affordability · NY · 2024
Kings Housing Affordability
62nd most affordable of 62 New York counties · price-to-income ratio
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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