Kings County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Kings County NY was $1,483 in 2019 according to the Census ACS survey.1 Average gross rent in Kings County was $1,531 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Kings County median and average rent data will be released in September of 2021.
Data is also available below for Kings County rental vacancy rates, Kings County rent as a percent of median income and the fraction of renters in Kings County.
Real Gross Rent in Kings County New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Kings County NY Median Gross Rent | $1,483 | +1.64% | +5.48% |
Kings County NY Real Gross Rent Trends
At $1,483, real median gross rent in Kings County was at its highest level in 2019 since the series began in 2005. At $1,531, real average gross rent in Kings County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Kings County NY Median, Kings County NY Average, New York Median, US Median
Real Gross Rent History for Kings County
| Date | US Median |
New York Median |
Kings County NY Median |
Kings County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,483 | $1,531 |
| 2018 | $1,077 | $1,297 | $1,459 | $1,517 |
| 2017 | $1,043 | $1,264 | $1,409 | $1,446 |
| 2016 | $1,027 | $1,250 | $1,406 | $1,441 |
| 2015 | $1,017 | $1,244 | $1,361 | $1,386 |
| 2014 | $986 | $1,212 | $1,315 | $1,331 |
| 2013 | $953 | $1,168 | $1,255 | $1,268 |
| 2012 | $940 | $1,148 | $1,224 | $1,236 |
| 2011 | $941 | $1,143 | $1,202 | $1,201 |
| 2010 | $955 | $1,140 | $1,206 | $1,212 |
| 2009 | $960 | $1,121 | $1,164 | $1,180 |
| 2007 | $927 | $1,066 | $1,109 | $1,103 |
| 2005 | $910 | $1,051 | $1,086 | $1,093 |
Kings County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Kings County New York was 2.85% according to Census ACS data.
Rental Vacancy Rate in Kings County New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Kings County NY | 2.85% | -0.83% | -0.23% |
Trends in Kings County NY Rental Vacancy Rate
The rental vacancy rate in Kings County peaked in 2010 at 4.86%. Since then it has fallen by 2.01% to 2.85%. Data records for this series originated in 2005.
Rental Vacancy Rate: Kings County NY, New York, US
Historical Rental Vacancy Rate data for Kings County
| Date | US | New York | Kings County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 2.85% |
| 2018 | 6.15% | 4.20% | 3.68% |
| 2017 | 6.18% | 4.19% | 3.59% |
| 2016 | 5.89% | 4.42% | 3.08% |
| 2015 | 5.85% | 4.41% | 3.59% |
| 2014 | 6.32% | 4.34% | 3.12% |
| 2013 | 6.49% | 4.17% | 3.41% |
| 2012 | 6.77% | 4.34% | 3.77% |
| 2011 | 7.40% | 4.48% | 4.66% |
| 2010 | 8.17% | 5.03% | 4.86% |
| 2009 | 8.43% | 4.78% | 4.28% |
| 2007 | 7.87% | 4.70% | 3.40% |
| 2005 | 7.74% | 4.80% | 3.48% |
Rent as a Fraction of Income
Using median household income data for Kings County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kings County, median monthly gross rent as a fraction of median household income was 26.59% in 2019 according to the ACS.
Kings County New York Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New York | 21.78% | -0.75% | -0.99% |
| Kings County NY | 26.59% | -1.50% | -2.64% |
Trends in Kings County NY Rent as a Fraction of Income
The fraction of median Kings County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 31.24%. Since then it has fallen by 4.65% to 26.59%.
Fraction of Income towards Rent: Kings County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Kings County New York
| Date | US | New York | Kings County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 26.59% |
| 2018 | 20.50% | 22.53% | 28.09% |
| 2017 | 20.13% | 22.67% | 28.81% |
| 2016 | 20.43% | 22.78% | 29.22% |
| 2015 | 20.63% | 23.13% | 30.11% |
| 2014 | 20.89% | 23.40% | 31.17% |
| 2013 | 20.78% | 23.20% | 30.10% |
| 2012 | 20.65% | 22.94% | 30.54% |
| 2011 | 20.70% | 22.98% | 31.24% |
| 2010 | 20.50% | 22.60% | 30.72% |
| 2009 | 20.12% | 21.60% | 28.38% |
| 2007 | 18.66% | 20.34% | 27.36% |
| 2005 | 18.89% | 20.40% | 27.93% |
Renter Fraction in Kings County New York
You can calculate the renter fraction in Kings County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Kings County as a fraction of total Kings County households. In 2019 70.25% of households were renters according to Census ACS data.
Kings County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Kings County NY | 70.25% | +0.81% | -0.26% |
Trends in the Kings County NY Renter Fraction
The Kings County household renter fraction peaked in in 2014 at 71.52% and is now 1.27% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kings County NY, New York, US
History of Kings County Renter Fraction
| Date | US | New York | Kings County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 70.25% |
| 2018 | 36.05% | 46.33% | 69.44% |
| 2017 | 36.13% | 46.20% | 69.59% |
| 2016 | 36.88% | 46.72% | 70.51% |
| 2015 | 36.97% | 46.93% | 71.28% |
| 2014 | 36.90% | 47.02% | 71.52% |
| 2013 | 36.50% | 46.35% | 70.37% |
| 2012 | 36.09% | 46.35% | 70.27% |
| 2011 | 35.42% | 46.41% | 71.35% |
| 2010 | 34.65% | 45.75% | 69.79% |
| 2009 | 34.13% | 44.97% | 69.45% |
| 2007 | 32.80% | 44.48% | 69.40% |
| 2005 | 33.10% | 44.67% | 69.94% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / New York
- / Kings County
