The Zumper New York City Metro Area Report Analyzed Active Listings in January 2020 across 30 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The New York one bedroom median Rent was $1,943 last month.
The Most Expensive
–New York City was the most expensive city with one bedrooms priced at $3,000.
–Hoboken rent grew 1.2% to $2,600 and ranked as the second priciest city.
–Fort Lee was third with rent at $2,530.
The Least Expensive
–Bridgeport ranked as the most affordable city with one bedrooms priced at $1,100.
–Kingston was second, though rent dropped 5% to $1,140.
–Paterson rent remained flat at $1,200 and as the third least expensive.
The Fastest Growing (Y/Y%)
–Valley Stream & Newark rents tied for the fastest growing, both up 15.7% since this time last year.
–Long Branch saw rent climb 15.3%, making it second.
–Kingston was third with rent jumping 14.0%.
The Fastest Growing (M/M%)
–West New York had the largest monthly rental growth rate, up 5.2%.
–Yonkers rent increased 5.0% last month, making it the second fastest growing.
–East Orange ranked as third with rent climbing 4.8%.
The Zumper New York City Metro Area Report analyzed active
listings that hit the market last month. Listings are aggregated by city to
calculate median asking rents.
The post New York City Metro Report: February 2020 appeared first on The Zumper Blog.
This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here