What $1.5M Buys You in King City
The inverse of the city story: 86 of King's 289 listings sit at or under $1.5M, and 35 of them are detached houses — in King, $1.5M is still house money.
Live feed, pulled November 10, 2026 at 12:47 a.m. ET. Active listings and asking prices only.
The short answer
Start with the inversion. In Toronto, $750,000 is a condo budget: thousands of apartments, a rounding error of houses. In King — the township of King City, Schomberg and Nobleton, where the median home for sale tonight is asking $2,395,000 — $1,500,000 is still house money. The live feed lists 289 homes for sale in King, and 86 of them, 30 per cent, sit at or under the $1.5M line. Better still, the band’s median asking price is $999,000, which means half of everything inside it is listed under a million dollars. The bottom half of King’s most accessible shelf is a sub-million market.
The mix is the opposite of the city’s, too. Detached houses are the band’s largest group: 35 of the 86, real houses on real lots, in a township where the lot is usually the point. Condo apartments come next at 22 — King City village has a modest condo stock, and it anchors the band’s floor — then 11 townhouses, and exactly one semi-detached and one condo townhouse. Set the same money against Oakville for calibration: a $1M budget there, in a town of 1,191 listings, reaches just 16 detached houses in total. One and a half million in King reaches more than twice that count of detached homes, at a lower spend than Oakville’s ceiling, because King’s band is a house band and Oakville’s entry shelf is a condo shelf.
One honesty note, the same one the Toronto band carries: the very bottom of this band is not all housing. Mixed into the 86 are two farms, vacant land, a few small businesses and commercial listings — rural township stock. Strip those out and the picture does not change: $1.5M in King buys a house, on land, in the villages. The question is which village, and how much house.
Where the band lives
Geography follows the villages. King City village itself holds 28 of the band’s 86 listings — the largest single pocket, and the place where the band’s condos and its smaller, older houses concentrate. King City as a neighbourhood lists 95 homes tonight at a $2,388,888 median, so the under-$1.5M shelf is the accessible edge of a much more expensive market: the same streets, a different rung. If you want the King City address without the King City estate price, the band is where you shop, and you shop it patiently — 28 listings is a shelf, not a warehouse.
Schomberg holds 21 of the band and Nobleton 17 — the township’s other two villages, each with its own older housing stock on village lots, and each functioning as a small town rather than a subdivision. Rural King accounts for 15: acreage properties at the band’s edge, the smaller or older farmhouses scattered among the estate concessions. Pottageville rounds it out with 5. The pattern is consistent across all five pockets: the band lives in the villages and on the modest rural lots. The estate concessions — the gated drives and the ten-acre spreads that give King its reputation — sit above the band almost by definition. At $1.5M you are buying into King’s village fabric, not its estate tier, and for most buyers that is the better trade anyway: walkable main streets, established lots, and houses sized for living in rather than staffing.
| Type | For sale at or under $1.5M |
|---|---|
| Detached | 35 |
| Condo Apartment | 22 |
| Townhouse | 11 |
| Semi-Detached | 1 |
| Condo Townhouse | 1 |
| All listings at or under $1.5M | 86 |
The five types above are the band’s residential core; the rest of the 86 is other types, including farms, land, link homes and commercial listings. Counts from the same live feed, pulled November 10, 2026 at 12:47 a.m. ET.
What it means
Buyers: at $1.5M you are not scraping the bottom of King — you are shopping the bottom third of it, and the bottom third is made of houses. Thirty-five detached listings across three villages means genuine choice: village lots in Schomberg and Nobleton, smaller homes and condos in King City itself, the occasional rural property with acreage. Your trade-offs are the township’s trade-offs, not the band’s: distance, drives, and septic-and-well country at the rural edge, in exchange for space that Oakville or Toronto prices at two or three times the money. If your budget is firm at $1.5M and a detached house is non-negotiable, this band is one of the few places in the region where the arithmetic is comfortable rather than desperate.
Sellers: a King home listed at or under $1.5M sits on the most reachable shelf in one of Ontario’s richest markets — the shelf every buyer capped out of the $2M-plus estates eventually comes to. But reachable is not the same as scarce: 86 listings share the band, and 35 of them are detached houses competing for the same buyer. Price against the village you are actually in — a Schomberg buyer and a King City buyer are not bidding on the same life — and understand that your competition is the house two concessions over at $1,399,000, not the estate at $4,000,000 that shares your postal code.
Keep exploring
Living in King City — the whole township market this band is carved from: 289 homes for sale at a $2,395,000 median.
Living in Caledon — the other estate-country market, one township west: rolling lots, village pockets, and a different point on the same trade.
What $1M buys you in Oakville — the sibling band, and the contrast that makes this one remarkable: 409 listings at or under $1M, only 16 of them detached houses.
Source note: every figure in this guide comes from the live MLS feed as active listings and asking prices, pulled at the time shown. Sold prices are VOW data and are never published on HomesFound.
