Kings Point appreciation rates and housing market information

Kings Point housing market information

With 5,076 people, 1,455 houses or apartments, and a median cost of homes of $2,955,803, Kings Point house prices are not only among the most expensive in New York, Kings Point real estate also is some of the most expensive in all of America.

Kings Point is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Kings Point than is found in 99.79% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (91.27%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kings Point's housing was primarily built during this period, from the '40s through the '60s. A full 61.99% of the village's housing hails from this era. Other housing ages represented in Kings Point include homes built between 1939 and earlier (18.56%), and housing constructed from 1970-1994 (15.19%). There's also some housing in Kings Point built between 1995 and later (4.26%).

Kings Point home appreciation rates

In the last 10 years, Kings Point has experienced some of the highest home appreciation rates of any community in the nation. Kings Point real estate appreciated 205.56% over the last ten years, which is an average annual home appreciation rate of 20.55%, putting Kings Point in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kings Point definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Kings Point home appreciation rates, at 1.22%, have been at or slightly above the national average. In the latest quarter, Kings Point's appreciation rate has been 2.04%, which annualizes to a rate of 8.16%.

Importantly, this makes Kings Point one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Kings Point's latest annual appreciation rate is higher than 52% of the other cities and towns in New York.