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The pace of rental growth is showing signs of recovery nationwide.
Zumper ranked the 100 most rent-rising cities in the US, and New York City took first place in 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 Zumper’s National Rent Index release new data rental growth in 2021 was dramatic. During the 11-month period, the median rent of one bedroom is a maximum of 12.1%. Meanwhile, two bedrooms are up 13.2 percent.
Combined, 2019 and 2020 show fewer rent increases than this year. From June to September, the rent increase fluctuated between 1.6% and 2.2%. But from November it slowed down a bit, with 0.5% for one bedroom and 0.4% for two bedrooms.
In general, rent trends increase seasonally, with rents usually being higher in the summer and spring and falling during the fall and winter. During the pandemic, the seasonal pattern has been broken, but Zumper’s data for November may indicate that the seasonal pattern is returning and rental growth will continue to slow as a result.
Read the full report on www.zumper.com