Aug. 31, 2023 By Ethan Marshall According to the latest rental activity report from Rent Cafe, Queens experienced the 13th-most rental activity in August 2023 among 150 cities in the United States included in this report. Queens climbed six spots from its August 2022 ranking. The sudden and drastic rise experienced by Queens was thanks…
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Aug. 30, 2023 By Ethan Marshall A report compiled by doxoINSIGHTS shows that Fresh Meadows residents are paying $10,260 more in rent per year than the U.S. average. The report estimates that 46% of these residents’ income goes towards paying bills. According to the report, the average monthly rent in Fresh Meadows amounts to $2,901. This equates to $34,817 per year. Household expenses are also an estimated 41.8% higher than the U.S. average. Of all the towns in New York state, Fresh Meadows is the 92nd-most expensive when it comes to household expenses. At $2,723 per month and $32,676 per…
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Aug. 30, 2023 By Ethan Marshall According to a report from Rent Cafe, New York City has retained its title as No. 1 in apartment construction thus far in 2023. The report estimates that at least 33,000 new rental units are set to be opened this year. Of these units expected to be completed before the end of the year, most of them are either in Brooklyn, Manhattan or Queens. Brooklyn has the most at 9,825, followed by Queens (4,430) and Manhattan (3,770). The Bronx and Staten Island were not included in the metro data set for New York City….
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Aug. 29, 2023 By Ethan Marshall Zumper recently published its National Rent Report for August 2023, which indicated that the median price for one-bedroom apartments in New York City has increased to an all-time high. The $10 increase compared to the previous month brings the median total up to $3,990. Of the 100 cities included…
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