Dec. 11, 2024 By sobrien Dec. 11. 2024 By Shane O’Brien State Sen. Jessica Ramos and Assembly Member Zohran Mamdani committed to freezing rents for millions of New Yorkers living in rent-stabilized apartments at a Mayoral Forum on Housing on Saturday. Ramos and Mamdani, the two Queens-based candidates in the 2025 mayoral race, joined fellow… Read more »
Nov. 12, 2024 By Ethan Marshall Housing units in Queens had the average cost of rent go up 3.28% in October 2024, compared to the same month the previous year, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, the average rent in Queens rose from $2,803 in October 2023…
Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Jul. 24, 2024 By Ethan Marshall Queens had the fifth-highest amount of rental activity across the United States through the first half of 2024, according to a report by the real estate searching site RentCafe. Year-over-year, Queens had a 138% increase in page views on RentCafe from the first half of 2023 to 2024.…
Jul. 23, 2024 By Ethan Marshall The median asking price for rent in New York City rose in June 2024 compared to the same time the previous year, contributing heavily to less demand for rentals, according to a report by the real estate listing site StreetEasy. Year-over-year, the median asking rent in New York…
Mar. 13, 2024 Ethan Marshall The average rental price of studio, one-bedroom and two-bedroom units in Queens all increased from February 2023 to February 2024, according to a report by the real estate firm M.N.S. Real Estate. The overall average cost of rent for these types of units increased 3.1% over this span, from $2,715 in 2023 to $2,800 in 2024. The Ridgewood neighborhood saw the largest month-over-month rental price increase at 5.32% . Studios experienced the most significant increase in rental price. The average rental price for these units in Queens rose 6.11% year-over-year, from $2,169 last year to…
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Oct. 12, 2023 By Ethan Marshall Zumper released its latest New York City Metro Report, which examines and compares the rental trends for one-bedroom units in several metro cities. According to the report, New York City had the highest median rental price for one-bedroom units last month, at $4,080. New York City’s median rental price…
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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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