Data show that New York City is the city that is rising the most in the country

The pace of rent growth is showing signs of returning to normal nationwide. Zumper ranked the 100 most rising rental cities in the United States, and New York City took first place on this list. According to their data, the median price for a one-bedroom apartment in New York is $ 3,180 and a two-bedroom apartment is $ 3,480. According to the Zumpers National Rent Index, new data releases rent growth in 2021 has been dramatic. Throughout the 11-month period, the median one-bedroom rent is up to 12.1%. Meanwhile, two-bedroom has risen by 13.2 percent. Together, 2019 and 2020 show smaller rent increases than this year. From June to September, the increase in rent was between 1.6% and 2.2%. But it slowed slightly from November at a rate of 0.5% for one-bedroom and 0.4% for two-bedroom. In general, rent trends increase seasonally, with rents usually being higher in summer and spring and falling in autumn and winter. Throughout the pandemic, the seasonal pattern has been broken, but Zumper’s data from November may indicate that the seasonal pattern is returning and rent growth will continue to decline as a result. Read the full report at www.zumper.com [1]

[1] https://ift.tt/2YcEkWR