There are currently 1,188 real estate properties in Kings Point, NY, with a median automated valuation model (AVM) price of $2,818,054.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Kings Point, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Kings Point, NY, is $3,645,932.00, with the most expensive house in Kings Point, NY, topping out at $44,046,800.00 and the cheapest home in Kings Point, NY, clocking in at $489,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Kings Point, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kings Point, NY, is on a rollercoaster ride. The average rent price in Kings Point, NY, is $6,252.00. Indeed, when looking to rent in Kings Point, NY, you can expect to pay as little as $2,110.00 or as much as $7,520.00, with the average rent median estimated to be $6,160.00. The good news is that finding an affordable and desirable property to rent in Kings Point, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Kings Point is located in Nassau, New York, with an estimated municipal population of 5,292 residents. All of the best foreclosed homes for sale in Kings Point are located in the following zip code areas on Foreclosure.com: 11024 11023. The estimated population per square kilometer (.62 miles) in Kings Point is 608.
So, about how much do homes cost in Kings Point? The most recent median value of resident-owned homes in Kings Point is 1,861,237. An estimated 98.3 percent of households in Kings Point own their homes, with an average family size of 3.8. The median household income in Kings Point is 145,476, with71 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Kings Point, the median commute time of resident workers (in minutes) is 31.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Kings Point, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Kings Point is 31.2, split between 58.7 percent male versus 41.3 female. The percentage of residents who report being married in Kings Point is 58.3, with an average family size of 3.8.
The percentage of residents who report their race in Kings Point is as follows:
| White | 89.4% |
| Black / African American | 0.7% |
| Asian | 2.7% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.4% |
| Other | 4.9% |
Looking for family-friendly neighborhoods in and/or near Kings Point? Or maybe you are searching for 55+ active adult communities in and/or near Kings Point?
The percentage of residents who report their age in Kings Point is as follows:
| Under 10 | 13.3% |
| Aged 10-19 | 19.7% |
| 20s | 14.6% |
| 30s | 9.7% |
| 40s | 9.5% |
| 50s | 11.1% |
| 60s | 10.9% |
| 70s | 7.3% |
| 80+ | 3.9% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Kings Point with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Kings Point.
How do you know that living in -- or moving to -- Kings Point is right where you need to be? Perhaps you grew up in Kings Point or already live nearby; therefore, the decision to buy a home in Kings Point is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Kings Point for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Kings Point:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Kings Point.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Kings Point can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Kings Point, meanwhile, can field multiple offers from more qualified buyers.
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