Real Estate

Map: How Rents Track Near Your NYC Subway Station

Here's a hint: Rent likely didn't head downtown.

A new map released this month shows how much rents changed over the past year per New York City subway stop.
A new map released this month shows how much rents changed over the past year per New York City subway stop. (Courtesy of Tim Lee)

NEW YORK CITY — Rent hikes are making all local stops.

Nine out of ten New York City subway stops saw rents increase in surrounding homes over the past year, according to a new RentHop analysis released in May.

RentHop's study shows 94 percent of 445 stops saw rents rise while only 23 stops saw them drop, the study states.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

These increases put the median one-bedroom rent at $4,250, which represents an 8-point increase in a single year.

Brooklyn subway stops saw lots of rent growth, specifically in neighborhoods that saw lots of new development such as Clinton Hill.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

The up-and-coming neighborhood saw rents at the Clinton–Washington avenues station jump more than 20 percent to $3,500.

Rents also jumped more than 20 percent near the Jamaica Center E, J and Z station in Queens, bringing the median one-bedroom rent to $2,426.

And while Manhattan saw less intense increases, no surprises, rent hikes prevailed.

How does your station track? Find out on RentHop's map:

The report comes as a housing board is considering up to 16 percent rent increases for the one million rent-stabilized apartments in New York City, a move that would exacerbate the city's housing affordability issues.

Advocates were quick to condemn these measures, which would make the city "unlivable for ordinary people."

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