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Kings County, NY

Brooklyn

RANK #332 / 996 NAT  ·  #21 / 45 NY  ·  POP 2,679,620

1YR FORECAST: +2.5%

5YR OUTLOOK: +28%

#5 Most Overvalued
Our model projects above-average housing market growth for Kings County at +2.5% over the next year.

[01] Why Kings County?

Kings County, coextensive with the New York City borough of Brooklyn, offers a distinctive urban experience. Brooklyn Heights, with its historic brownstones and promenade, provides views of the Manhattan skyline. Located on the southwestern end of Long Island, Brooklyn is separated from Manhattan by the East River, connected by bridges and subway lines. Commute times to Midtown Manhattan can range from 15 to 25 minutes from neighborhoods like Downtown Brooklyn or Williamsburg via subway. The borough features extensive waterfront areas, including Brooklyn Bridge Park and Prospect Park, offering green spaces and outdoor recreation.

Life in Kings County is characterized by diverse communities and a range of lifestyles, attracting families, young professionals, and artists. Public schools in Kings County are part of the New York City Department of Education, with many schools ranking above average. The local economy has seen growth in sectors such as healthcare and social assistance, which is the largest industry for employment. There has also been an increase in new businesses, particularly very small businesses, and growth in the tech and creative industries.

[02] Market Snapshot

Housing Ratio
20.2x

Overvalued relative to economy

GDP Growth
+3.1%

Above national median

Home Prices
+5.1%

Outpacing national median

Climate & Terrain
-0.2

Below-average climate & terrain

Price/Rent
21x

Prices detached from rents

Housing looks overvalued at 20.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    New York City Public Schools Education
    50,000+
  2. 2
    New York City Health + Hospitals (NYCHHC) Healthcare
    25,000+
  3. 3
    Centers Health Care Healthcare
    10,000+
  4. 4
    CVS Health Retail
    5,000+
  5. 5
    Maimonides Medical Center Healthcare
    2,500+
  6. 6
    Kings County Hospital Center Healthcare
  7. 7
    SUNY Downstate Health Sciences University Healthcare
  8. 8
    Pratt Institute Education
    1,000+
  9. 9
    Walgreens Retail
  10. 10
    Amazon Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Kings County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,679,620
-1.21% YoY
Median Household Income
$74,692
Median Home Value
$865,300
+5.14% 12mo
Median Rent
$1,715
Average Annual Pay
$59,980
+1.1% YoY
Employment
923,681
+6.0% YoY
Income-to-Home-Value
0.0863
Less affordable than average
Migration Inflow
1.9%
of pop. from another state
Bachelor's Degree+
40.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$1,100,000
Days on Market
74
Slower market
Months of Supply
6.5
Buyer's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
11.7%
Listings w/ Price Drops
15.5%
Building Permits (2024)
10,063
Single-Family Permits
25

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.1
per 100K · nat avg 6.3
Firearm Fatalities
4.3
per 100K · nat avg 14.8
Injury Deaths
44.3
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
43.7
Good
Good Air Days
62%
680 of 1,093 days
Unhealthy+ Days (3yr)
6
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
42
2022
43
2023
46
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,450M
TOTAL
PROJECT AMOUNT STATUS
Empire Wind 1 Offshore Wind Farm
Equinor
$900M Under Construction
Kingsboro Psychiatric Center Campus Redevelopment
Breaking Ground
$400M Under Construction
Kings County Hospital Center Redevelopment (Phases II-V)
Kings County Hospital Center
$100M Under Construction
DataVerge Brooklyn Interconnected Hub
DataVerge Data Centers
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.1% 58 percentile
Population Growth -1.2% 2 percentile
Income Growth +10.2% 83 percentile
Vacancy Rate 1.2% 38 percentile
Home Price Change +5.1% 90 percentile
Rent Growth +5.6% 84 percentile
Price/Rent 21x 6 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Kings County, NY a good place to move to?

With a Boom Town Index score of 66/100, Kings County sits in the upper half of all 996 ranked counties. Employment is expanding at +6.0%, and median household income stands at $74,692 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NY.

Is Kings County affordable?

Affordability is a real challenge in Kings County. The median home is valued at $865,300 — with an income-to-home-value ratio of just 0.09, that's significantly harder to afford than in most U.S. counties. Median rent runs $1,715/month.

Is Kings County growing or shrinking?

It's a mixed picture in Kings County. The population is declining (-1.2% YoY), but employers are actually hiring — job growth is at +6.0%. Home values moved +5.1% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Kings County?

Not particularly — 1.9% of Kings County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

How is the housing market in Kings County?

Home values climbed +5.1% year-over-year, which is a solid pace of appreciation. The median home in Kings County is now valued at $865,300. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Other NY Counties

Cattaraugus County, NY 68 Niagara County, NY 64 Clinton County, NY 69 Saratoga County, NY 61 Sullivan County, NY 61 Herkimer County, NY 72