Jul. 26, 2023 By Julia Moro Real estate platform Zumper released a report analyzing staggering rental prices that continue to break records, finding huge disparities between rents across 81 neighborhoods in the city. Throughout the city, the median rent for a one-bedroom is $3,980– which is more than twice the national median. According to Zumper,…
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Jun. 20, 2023 By Julia Moro StreetEasy data found that competition in May was toughest in Queens, where the average listing received 133% more inquiries compared to May 2019, more than double the pre-pandemic level. StreetEasy credits this surge to New Yorkers looking for more affordable homes across the city, leading to intense competition in…
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Jun. 12, 2023 By Julia Moro According to a new Douglas Elliman report, the median rent in the northwest region of Queens for the month of May was the second-highest on record, just short of the prior month’s record. The median rental price increased by 15.3% from the previous year. For the month of May, the…
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May. 16, 2023 By Julia Moro For many Queens residents, proximity to public transit has always been a crucial factor to consider when looking for an apartment. According to a new RentHop report, new developments in Queens are driving up the rent of one-bedroom units, reaching $3,800 and over, along convenient subway lines. In Long…
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May. 9, 2023 By Julia Moro StreetEasy released a new report revealing a disturbing data point: the typical white household could afford five times as many market-rate rentals in New York City compared to the typical Black household and seven times as many as a Hispanic household. This new report, combined with data from the…
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Apr. 4, 2023 By Julia Moro RentHop announced its new tool, RentHop RentCompare, which allows New York City renters to find out if they are overpaying or underpaying for rent. Average rental prices have been widely discussed among experts recently. RentHop’s new tool is meant to give more context to the topic and give renters…
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Mar. 21, 2023 By Julia Moro According to a new MNS report, in the last month, the average rental price throughout Queens increased by 1.42%, with prices going from $2,678 to $2,715 in February 2023. The neighborhood with the most significant month-over-month increase was Astoria, where studio rentals increased 7.2%, from $2,143 to $2,169. MNS…
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Mar. 13, 2023 By Danielle Louie According to a new report released by Douglas Elliman, the average and median price of rentals in Queens reached the highest on record, with the average rental price at $5,186 and a median price of $4,095. The rental market report for February 2023 reveals the second-highest February record for…
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Feb. 21, 2023 By Danielle Louie The Queens real estate investment sales market recorded 659 transactions, totaling over $4.4 billion dollars in 2022, according to a report from Ariel Property Advisors. “Investment activity in Queens was fueled by the first half of 2022 which was the best half-year ever, both in transaction and dollar volume,” said…
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