NYC one-bedroom rents hit $2,980/month, an all-time high

[alexw]

NYC one-bedroom rents hit $2,980/month, an all-time high

And two-bedroom rents increased at an even higher rate

By Valeria Ricciulli Jun 3, 2019,

Shutterstock
We know that housing costs in New York City are astronomically expensive—but a new report has confirmed how high they’ve gotten.

Real estate listing site Zumper released its June national rent report, which once again placed New York second place in a top 10 of the highest one-bedroom median rent prices in the country, after San Francisco.

Median rent for one-bedrooms in New York City, according to the report, grew 4.6 percent last month, reaching $2,980—the highest it has been in at least three years, the report says. In terms of two-bedroom apartments, they grew at an even higher rate of 5.1 percent, reaching $3,300.

The last time NYC reached a peak was last July, when one-bedroom median rent was $2,900.

Zumper looked at 100 cities in the country and used data from over one million listings. The report’s top five markets with the highest June one-bedroom rents includes San Francisco at $3,700, New York at $2,980, Boston at $2,500, San Jose at $2,430, and Los Angeles at $2,250.

Courtesy of Zumper
https://ny.curbed.com/2019/6/3/18650949/nyc-rent-prices-zumper-report

 

[Dr. Truth]

Shits laughable but still cheaper than San Francisco. One bedrooms in SF go for 3500.

 

[THREAD_CRITIC]

I have family and friends who live in New York and they Damn sure it paying 2800 for a one bed room this must be some Manhattan Central Park shit

 

[cashwhisperer]

Too much space in the world for that.

 

[easy_b]

You could put Atlanta on that list to

 

[playahaitian]

I'm surprised it took this long.

 

[shaddyvillethug]

Lmfaoooook

 

[8/11Streetz]

You could put Atlanta on that list to

Thanx you niggas swear our cost of living is cheap....

Naw it ain’t

 

[the_male_feminist]

Well how much for a house

What about section 8 houses


What does the lower class do because no way minimum wage can pay for that shit

 

[2 ONE 3]

Why

 

[pookie]

Question, For cities like this do they still have jobs that pay minimum wage?

 

[Megatron X]

In that chart when it says Miami I wonder if they’re talking about Miami Beach? Boston is hella expensive. I wanna get out of this bitch. I been here my whole life. I got Florida in sight. I like the snow but I can do without it for the most part now that I’m older.

 

[BLACKLOOP]

Shits laughable but still cheaper than San Francisco. One bedrooms in SF go for 3500.

Nah nigga this ain’t laughable or cheaper. These prices bout to have two Nighas rooming in a one bedroom. This shit is fool. Rent increase gotta be rolled back

 

[p5ych3]

Hell yes.

That is an avg price though. Craigslist can give an idea of the high and low range.

Question, For cities like this do they still have jobs that pay minimum wage?

 

[Mixd]

Article is from June which means by now it probably creeped up even higher.

 

[tallblacknyc]

I have family and friends who live in New York and they Damn sure it paying 2800 for a one bed room this must be some Manhattan Central Park shit

It has always been some bullshit... They say these numbers to get dumb as s cac transplants to pay it

 

[tallblacknyc]

Question, For cities like this do they still have jobs that pay minimum wage?

minimum wage is going up to $15

 

[pookie]

Hell yes.

That is an avg price though. Craigslist can give an idea of the high and low range.

minimum wage is going up to $15

I’m saying like I live in Alabama, I think the federal minimum wage is like $7 or something a hour and that’s what some jobs pay but you can find a one bedroom for like $400. In cities where people are saying a simple one bedroom can be over $1000 do they still have jobs where the pay is like $7 a hour?

 

[michigantoga]

Highway robbery!

 

[THE DRIZZY]

They won't be happy until every major city is expensive, soulless, and bland.

 

[Mrfreddygoodbud]

lol that been the high for over five years now.. but its mostly new renovated shit,

muthafuckas tryin to flip... you could still get housing for less than half that.. if you are willing to do your homework, and fill out a lot of applications...

 

[Llano]

You could put Atlanta on that list to

Atlanta has a serious homeless/housing problem and the has biggest inequality gap in the country.

https://newrepublic.com/article/154618/new-american-homeless-housing-insecurity-richest-cities

 

[4 Dimensional]

I’m assuming this is Manhattan, which is fucking up the averages.

Something tells me this isn’t the case for the out 4 boroughs.

But I ain’t from NYC so

 

[4 Dimensional]

They won't be happy until every major city is expensive, soulless, and bland.

That’s exactly what is going to happen.

Seems like most of the natives of major cities are being priced out. Most folks in downtown Charlotte isn’t even from the city.

 

[Big Tex]

I’m assuming this is Manhattan, which is fucking up the averages.

Something tells me this isn’t the case for the out 4 boroughs.

But I ain’t from NYC so

Nah. it comes down to new/renovated or old. But Brooklyn and Queens are damn near just as expensive unless you want to move way out or deep in the hood.

Nobody wants to live in the Bronx so it'c cheaper.

 

[4 Dimensional]

Nah. it comes down to new/renovated or old. But Brooklyn and Queens are damn near just as expensive unless you want to move way out or deep in the hood.

Nobody wants to live in the Bronx so it'c cheaper.

Word. I heard that BK is being gentrified, so I can see this being the case for rent. I didn’t know about Queens though.

 

[ViCiouS]

I’m assuming this is Manhattan, which is fucking up the averages.

Something tells me this isn’t the case for the out 4 boroughs.

But I ain’t from NYC so

highest one-bedroom median rent prices in the country, after San Francisco.

 

[An RnB Thug]

NYC would be the HIGHEST in the nation if certain laws weren't in place.
Too bad San Francisco doesn't have similar laws. The politicians have sold out
Black & Brown people there.

 

[An RnB Thug]

I’m assuming this is Manhattan, which is fucking up the averages.

Something tells me this isn’t the case for the out 4 boroughs.

But I ain’t from NYC so

https://www.zillow.com/homes/Brooklyn-New-York-NY_rb/

 

[Dr. Truth]

NYC would be the HIGHEST in the nation if certain laws weren't in place.
Too bad San Francisco doesn't have similar laws. The politicians have sold out
Black & Brown people there.

SF has rent control but owners bought out peoples leases .

 

[TheyCallMeBe]

I’m saying like I live in Alabama, I think the federal minimum wage is like $7 or something a hour and that’s what some jobs pay but you can find a one bedroom for like $400. In cities where people are saying a simple one bedroom can be over $1000 do they still have jobs where the pay is like $7 a hour?

It’s jobs paying $10 or less for sure

 

[An RnB Thug]

SF has rent control but owners bought out peoples leases .

Rent control is just ONE thing, NYC has rent control too. Same shit happens here.
That's only good for people LIVING in the building at the time.
What about allowing Low income people to afford to live in new buildings?
ANY new residential building, including Expensive High Rises in Manhattan HAVE
to allocate a certain amount of apartments for low income people.

These cacs got so pissed they created different entrances for them dubbed the "Poor Door"

My Friend grew up on 85th Street Between Amsterdam and Broadway
He lived in a 5 Bedroom with his family. The WHOLE block use to be spanish
30 years ago until the landlords started buying people out. Now, his family is
the only spanish people still on the block...ALL cac now



:54 I wanna choke the shit outta that cac bitch

 

[God's Gift]

Well how much for a house


What does the lower class do because no way minimum wage can pay for that shit

I sold my house in Morris Cty, NJ 10 years for $250k. 3 br, 1bth on 1/3 of an acre.
Prices have had to have gone up since then.... Add in snow too... Fuck that. Northern NJ is for the snow birds and people with degrees outside of the cities (CAC's).

Those making lower than $50k probably live with their parents or have roommates.

 

[PsiBorg]

Damn... It's time to get pass the ego and arrogance. Families need to start buying houses and living together again.

$3,700 for a one bedroom apt in SF... that's crazy.

 

[THE DRIZZY]

Rent control is just ONE thing, NYC has rent control too. Same shit happens here.
That's only good for people LIVING in the building at the time.
What about allowing Low income people to afford to live in new buildings?
ANY new residential building, including Expensive High Rises in Manhattan HAVE
to allocate a certain amount of apartments for low income people.

These cacs got so pissed they created different entrances for them called the "Poor Door"

Yeah they deserve to live in a bland city devoid of cultural character. I hope all the culture that made these cities what they are today is redistributed in new growth areas away from bland ass cacs.