Kings Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kings Park Neighborhoods Since 2000




Kings Park, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Kings Park Housing Market Information

With 17,377 people, 6,087 houses or apartments, and a median cost of homes of $444,309, real estate costs in Kings Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Kings Park, accounting for 78.18% of the town's housing units. Other types of housing that are prevalent in Kings Park include row houses and other attached homes ( 7.98%), large apartment complexes or high rise apartments ( 7.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kings Park. Owner-occupied housing accounts for 79.29% of Kings Park's homes, and 66.23% have either three or four bedrooms, which is average sized relative to America.

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 Park's housing was primarily built during this period, from the '40s through the '60s. A full 55.08% of the town's housing hails from this era. Other housing ages represented in Kings Park include homes built between 1970-1999 ( 35.14%) and housing constructed before 1939 ( 6.34%). There's also some housing in Kings Park built between 2000 and later ( 3.45%).

Kings Park Home Appreciation Rates

Kings Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kings Park during the period has been just -1.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Kings Park's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Kings Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Kings Park's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$444,309

Kings Park, NY HOME PRICES

Value Range
> $1,052,000 0.2
$789,001 - $1,052,000 2.9
$526,001 - $789,000 17.7
$421,001 - $526,000 38.9
$316,001 - $421,000 29.1
$210,001 - $316,000 5.6
$105,001 - $210,000 2.3
$53,001 - $105,000 0.8
$0 - $53,000 2.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.59990624633775 20.6509539842873

Number Of Homes And Apartments:
6,087

Kings Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.03% 2.54% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,829 / per month

Homeownership Rate

Homeownership
Owners 79.29
Renters 20.71
Vacant 5.45

Housing Market Details

 

Age of Homes

AGE OF Kings Park HOMES
2000 or Newer 3.4
1970 - 1999 35.1
1940 - 1969 55.1
1939 or Older 6.3

Types of Homes

TYPE OF Kings Park HOMES
Single-Family 78.2
Townhomes 8.0
Small Apt. Buildings 6.3
Apt. Complexes 7.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Kings Park HOMES
No Bedroom 1.40
1 Bedroom 12.95
2 Bedrooms 11.56
3 Bedrooms 39.25
4 Bedrooms 26.98
5 or more bedrooms 7.86