Housing affordability · NY · 2024
Kings Housing Affordability
62nd cheapest of 62 NY counties by price-to-income ratio · 3214th of 3,216 nationally · tier rated on the national scale
Kings at a glance
Kings presents a split picture: home prices relative to income (11.3×) run above the New York state median, yet renter cost burden tracks below the state average — ownership and rental markets here don't move together.
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.
49% of Kings renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 27% spend more than 30% of their income on housing costs — above the NY rate of 19%.
Nationally, Kings shows a wider gap between its rent-to-income ratio (27%) and its price-to-income ratio (11.3) than most counties do — the buying measure diverges further than the rental measure here.
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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