What is the median home value in Kings County, NY?

The median home value in Kings County, NY is $889,700, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Kings County, NY?

The cap rate proxy in Kings County, NY is 3.1% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Kings County, NY?

Kings County has 2.6 million residents and issued 6,965 building permits over the trailing twelve months, according to the Census Building Permits Survey.

New York-Newark-Jersey City, NY-NJ-PA · New York

Kings County

2.6M residents6,965 permits TTM$78,548 median HHI38 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$889,700

ACS 5-Year

Cap rate proxy

3.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

27.3%

HUD FMR ÷ ACS HHI

Net migration

+2.20%

IRS SOI

Permits (TTM)

6,965

Census BPS

Climate risk

99.3

FEMA NRI (0–100)

ZIP code breakdown38 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
11224	—	—	—	7.1%	-41.9%
11235	—	—	—	5.7%	-22.4%
11229	—	—	—	4.0%	-10.0%
11234	—	—	—	4.1%	-13.3%
11239	—	—	—	3.2%	23.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	5.9%	-34.0%
—	—	—	5.5%	-36.1%
—	—	—	5.1%	-32.4%
—	—	—	5.0%	-17.6%
—	—	—	4.7%	-23.8%
—	—	—	4.5%	-21.9%
—	—	—	4.4%	-23.7%
—	—	—	4.2%	-24.7%
—	—	—	4.2%	-62.9%
—	—	—	4.0%	-97.1%
—	—	—	3.9%	-32.8%
—	—	—	3.9%	-91.5%
—	—	—	3.9%	-50.7%
—	—	—	3.9%	-53.4%
—	—	—	3.7%	-66.0%
—	—	—	3.7%	-21.3%
—	—	—	3.6%	-41.5%
—	—	—	3.6%	-95.8%
—	—	—	3.6%	-5.1%
—	—	—	3.5%	-27.8%
—	—	—	3.5%	-13.3%
—	—	—	3.4%	-47.4%
—	—	—	3.3%	-14.4%
—	—	—	3.3%	-86.1%
—	—	—	3.3%	-28.8%
—	—	—	3.2%	-31.2%
—	—	—	3.2%	-69.4%
—	—	—	3.1%	-19.4%
—	—	—	3.0%	-87.2%
—	—	—	2.7%	-16.9%
—	—	—	2.7%	-19.1%
—	—	—	2.4%	-126.0%
—	—	—	2.3%	-0.6%

Demographics

Owner-occupied

29.7%

Census ACS

Vacancy rate

7.4%

Census ACS

Bachelor's degree +

41.3%

Census ACS

Rent burdened

48.6%

Census ACS (>30% income)

Median age

36.3

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Kings County

See all 38 ZIPs ranked by yield and cap rate