Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kings County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $293,989 | $642,203 | $242,182 |
| Price Trend (Annual %) | 18.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,227 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kings County is about 54% lower than in California. Rent is about 37% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Kings County, up about 18.6% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Kings County rose about 39.4% between 2015 and 2023, from $880 to $1,227. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Kings County.
Buying the median-priced home in Kings County costs roughly 20.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Kings County. The price-to-rent ratio in California is about 27.4.
| Metric | Kings County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $293,989 | $642,203 | $242,182 |
| Median Household Income | $68,914 | $96,718 | $78,145 |
| Price-to-Income Ratio | 4.3 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kings County rose about 132.9%, while median household income rose about 47.7% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kings County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 51.6% | 58.2% |
| Rental Rate | 42.3% | 40.9% | 31.3% |
| Vacancy Rate | 6.3% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Kings County has a homeownership rate of 51.3%, about the same as the California average of 51.6%. Its housing vacancy rate is 6.3%, compared with 7.6% in California.
Housing Stock
| Metric | Kings County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1984 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Kings County was built around 1984. On average, 3.2 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kings County, California.
What is the median home price in Kings County, California?
The median home price in Kings County, California is $293,989, lower than the California average of $642,203.
What is the average home price in Kings County, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kings County, California?
The median gross rent in Kings County, California is $1,227 per month, lower than the California average of $1,955.
What was the median gross rent in Kings County in 2020?
In 2020, the median gross rent in Kings County, California was $1,029 per month.
What is the price-to-rent ratio in Kings County, California?
The price-to-rent ratio in Kings County, California is about 20.0, meaning it would take roughly 20.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Kings County.
Are home prices or rent rising faster in Kings County, California?
Both home prices and rent are rising in Kings County, up about 18.6% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kings County, California?
51.3% of households in Kings County, California own their home, about the same as the California average.
What is the vacancy rate in Kings County, California?
The housing vacancy rate in Kings County, California is 6.3%, lower than the California average of 7.6%.