The Real Deal New York

Visualizing NYC’s rental market

September 28, 2011 01:04PM

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Using data from New York University’s Furman Center for Real Estate and Urban Policy, Nakedapartments.com created a visual graphic highlighting the unique aspects of New York City’s rental markets starting with one core factor: in the city, 69 percent of households are renters compared to 33 percent in the U.S. as a whole. While in Manhattan, buildings with 100 units or more are the most frequent, in Brooklyn and Queens one- to four-unit buildings are the most frequent rental properties. The percentage of rental apartments affordable to households making the New York City median income has dropped since 1970, and the median rent has risen for residents who have moved into rental apartments after the year 2000. Click here to see the rest of the graphic. – Miranda Neubauer

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