You likely didn’t need a survey to convey what you’ve been noticing in your bank account, but here’s one anyway—Williamsburg and Greenpoint residents pay some of the highest rents nationwide, a new survey from RentHop has found. The survey specifically determined the cost by zip code.
Williamsburg (11249) comes in at the twentieth spot, commanding the highest rents in Brooklyn with a median one-bedroom rent of $5,000. Somewhat interesting that there’s a bit of a gap between Williamsburg and Greenpoint, as the latter neighborhood (11222) is ranked at seventy with a medium one-bedroom of $4,242. In between those rankings, Dumbo and Boerum Hill are the borough’s other priciest areas. Another Williamsburg zip code, 11211, sees a median one-bedroom rent of $4,250.Â
Shocking absolutely no one, New York City is the country’s most expensive city for renters, home to 39 of the most expensive 100 zip codes. Tribeca took the city’s top spot, coming in at fifth highest in the country. The Battery Park area followed close behind at number six.
Data from the city’s Department of City Planning (DCP) showed that Greenpoint and Williamsburg added the most new housing stock in Brooklyn last year. Clearly, the area is in demand. Not to wade too deeply into the eternal NIMBY vs. YIMBY debate, but here’s hoping we get some actually affordable housing around here, ASAP.
A young from Asia who holds multiple degrees in architecture and is listed the top 100 young people in America to watch lives in my 8 eight unit bldg, average. She saw me the other day and said I have bad news Paul, I am moving to Manhattan. I said why? She said I can’t afford your bldg. I looked at her in disbelief. She said the landlord even offered to lower the rent to keep her but she still could not afford it. Bizzaro world. As little as 25 yrs ago the apartment went for $400. Now it is way over $4000. She said she would move to Manhattan if her boyfriend married her. Last I heard she was still in Greenpoint albeit in a much lesser apt., I guess the plans did not work out.
Corporations better start giving some serious pay increases or it will just be a transient area for mating only! Or finance bro, zero culture in tact!
It’s been fun. Guess the Oil Spill hush won.
People should not rent and let the landlords carry with their mortgages on their own and let them go bust.
As a former Brooklynite, born & raised in Park Slope, it’s horrible what Brooklyn has become. Gentrification & rezoning has turned it into a borough for the wealthy. Pretentious, out of touch trust fund kids, rich transplants, yuppies that moved from lower Manhattan post 9/11 have all contributed to it.
HAHHAHAHAA you mean we let corporate jerkoffs build more housing like everyone wanted….and the rent didn’t go down? I was told by the YIMBY morons it’s a simple matter of supply and demand, if we build more and destroy the neighborhood, it’s all good because housing will be affordable. Economics 101 told them so and they were so gullible they actually believed it.