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The folks at real-estate startup Zumper released a report on the most and least affordable neighborhoods to rent in (specifically one-bedroom apartments)...
In the infographic above, you can see how the East Village stacks up vs. other neighborhoods. For rents lower than the East Village's $2,725 in Manhattan, you could go south to the Lower East Side ($2,550) or head up to Central Harlem and West Harlem, both with a median of $2,100 for a one bedroom, and Washington Heights at $1,750.
Meanwhile, Zumper provided data on how the East Village rates against the city as a whole...
Funny that's it's now cheaper to live in a barrel fire outside of Lena Dunham's place in Bushwick than it is in the East Village.
ReplyDeleteI'm curious what is the source of their data? If they are just using some bot that combs the online ads, this cannot be very accurate.
ReplyDeleteHow about a chart showing what RS people are paying? Since most NYC residents dont actually pay market rate as they are in RS, section 8, public housing etc show us what the majority are paying. Youd be surprised how many people arent aware of the vast differences in rent. How many commenters here pay half (or less) than the stated numbers?
ReplyDeleteFirst of all, the graphic in this post doesn't make any sense...it's titled "East Village Average Rent" and then has a footnote that states "Median rents as of Aug 15." Average and Median are very different things...
ReplyDeleteAverage (or median) rent for a studio is 2,300??? Does anyone reading here pay more that 2,300 for a studio? I pay 1,800 for mine. If I had to guess, the average would maybe be a little more than that...
The biggest flaw I can see with this data is what actually determines what a 1 bedroom apartment is. How many square feet are these apartments, how big are these bedrooms?
ReplyDeleteIf you ever lived in a tenement or a railroad you know what I mean. I have bedrooms that were 7' x 7' with a closet about 2' wide. I have seen some landlords create bedrooms from living room space so small a child's bed is the only option.
This chart makes the EV look like a deal compared to most neighborhoods although it does not factor in 6 story walkups vs elevator buildings.
@10:23 I was very doubtful of that number too. It seems like the average might be more like $2,000 if I had to guess. My studio, like many, was marketed as a 1-bedroom online, which I would think would bring down the average even further.
ReplyDeleteI think the problem here is Zumper's data. Right now, there is only 1 EV apartment listed on their website (not counting Stuytown). Not a great way to get 'averages.'
This chart is unfounded and silly. Where do they garner their facts? Bullshit! I pay $1700 for a studio in Alphabet City, which is below market rates. While it is still a lot of money, most studios in Manhattan go for 2k at the very least. Do the math.
ReplyDeleteJimmy McMillian. Nuff said.
ReplyDeleteSo the EV is a "deal"!!
ReplyDeleteOf course, that average changes drastically from one Avenue to the next.
- East Villager