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Report: Forest Hills rental prices flatten, with 1 bedrooms down from a year ago

Jan. 20, 2017 By Hannah Wulkan

Rental prices have flattened in Forest Hills over the last year, according to a recent report.

The average price to rent a Forest Hills apartment rose a mere .5 percent over the last year, according to a study released this week by the research firm MNS.

The average rent for a studio in Forest Hills in December 2016 was $1,603, according to the report. That figure was up 2.5 percent from December 2015, when the average cost of a studio was $1,563 per month.

The average price to rent a one-bedroom fell over the past year. A typical one-bedroom apartment in Forest Hills cost $1,954 in December 2016, compared to $2,014 per month for the same month in 2015.

The cost of a two-bedroom was up slightly over that same period. A two bedroom rented for $2,580 in December 2016, compared to $2,538 in December 2015.

The Forest Hills rental market was flat like the Queens market as a whole.

Studio prices in Queens rose by 3.9 percent for the month of December compared to the same month in 2015. One-bedroom apartments rose by 1 percent and two bedrooms by 3 percent.

To view the full report, visit http://www.mns.com/queens_rental_market_report.

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