How Much Have Rising Rents Affected Your Neighborhood?
It doesn't take a rocket scientist to figure out that rents in New York City are sky-high. And as new development is on the rise, higher rents are spreading farther into the outer boroughs. Curbed created an interactive map to show the evolution of median rents in New York City neighborhoods between 2009 and today. While most areas saw a dip in prices in 2010, in response to the market crash, the entire city seems to have fallen victim to higher rents over time. Even "affordable" areas like Crown Heights, Astoria, Ridgewood and Bushwick, have median rents of over $2,200. The most consistent neighborhoods were Bay Ridge, Kensington, Greenwood, Flatbush, Forest Hills and Prospect-Lefferts Gardens, which saw minimal rent hikes. On the other hand, NoMad, Downtown Brooklyn, Ridgewood and the Flatiron District saw the biggest spikes. [Curbed]
