Where in new York is the most affordable housing

Where in new York is the most affordable housing

Not a secret that rental apartments in new York every month we have to give almost half the Kingdom. Average prices for rental range from just expensive ($1750 for a 2 bedroom in West Concourse) to the frankly insane ($5,232 in Lincoln Square). Nevertheless, even in the Big Apple, there are areas which, despite its reputation, «honey», another may surprise you.

Resource Renthop recently published study, which focused on the study of the real estate market in new York city in its current state. The researchers compared the average price of renting an apartment with two bedrooms with the income level of residents in different areas of the city. «Available» intelligence resource called the rent, the rent of which you need to spend no more than 35% of income.

Where in new York is the most affordable housing

Of the 139 districts of the metropolis only in 9 landlords request this average rent, which you can really afford. It’s only 6.5% of the number of regions is the lowest among those cities where Renthop carried out similar research. Behind new York follow:

  • Miami with 9.3% of available areas;
  • Los Angeles with 30.8%;
  • Chicago with 42%;
  • Boston with the highest percentage of available areas by 60.7%.

District Queensbridge-Ravenswood-Long Island City topped the list of inaccessible areas of new York. The average rent for a two bedroom apartment here is $3,300, and the average household income is just $28 378. Followed by Williamsburg (average rent — $2,499, the average income of $21,502), and the Lower East Side (average rent — $3,495, the average income of $31,273).

Upper East Side-Carnegie hill heads the list of the available areas that provided the highest average income in the city. The average rent of two-bedroom apartments here cost in the $3555 with an income of $155 213.

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