{"id":222,"date":"2017-11-06T12:00:26","date_gmt":"2017-11-06T12:00:26","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&p=7082"},"modified":"2017-11-06T12:01:08","modified_gmt":"2017-11-06T17:01:08","slug":"3rd-quarter-2017-rent-report-and-trends","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/3rd-quarter-2017-rent-report-and-trends\/","title":{"rendered":"NYC 3rd Quarter 2017 Rent Report and Trends"},"content":{"rendered":"
New York City is internationally known for its posh apartments and luxurious living. This, of course, comes at a price. For the 3rd<\/sup> Quarter of 2017 that price is $3,025 \u2013 asking rent for a median one-bedroom apartment anywhere in the city that is. This is up from $3,000 in the 2nd<\/sup> quarter, but rents vary greatly across boroughs and neighborhoods. Below you’ll find maps<\/strong> showing current prices and graphs displaying rent changes over the past two years. Further down<\/strong> you’ll find a table with all available neighborhood data.<\/p>\n Using our own data, RentHop has looked back at the data for the 3rd<\/sup> quarter as well as past years to see where rents are up, down, or stabilized. In NYC there are 195 NTAs, (Neighborhood Tabulation Areas) some of which are parks, airports or cemeteries. RentHop data scientists calculated median one-bedroom rent, Quarter-over-Quarter, and Year-over-Year change for 130 of them where sufficient data is available. This was done from a pool of 52,918 unique listings for 3rd<\/sup> Quarter 2017 with an average of 407 and median of 58 data points per neighborhood.<\/i><\/p>\nHere are some key findings from our 3rd<\/sup> quarter market report:<\/b><\/h3>\n
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The Maps Below Show Median Rent as well as the Change Since Last Quarter<\/h2>\n