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Affordable
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These days, finding an affordable place to live in the Kensington area can be challenging. Home prices in Kensington are now at a median cost of $1,391,003, higher than the New York average of $610,895.
The average cost of rent is $2,153/mo in Kensington, primarily driven by the current value of real estate in the Kensington area. In Kensington, 1.01% of households rent, and 51.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kensington is $17,398 per month. Households that rent pay about 12.38% of their income on rent here. Kensington’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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