Real Estate
UWS 1-Bedroom Median Price Balloons Past $4,500: Study
The Upper West Side was the 12th most-expensive neighborhood in the city for one-bedroom homes from April to June of this year.
![The Upper West Side was the 12th most-expensive neighborhood in the city for one-bedroom homes from April to June of this year.](https://patch.com/img/cdn20/shutterstock/23306266/20230727/124730/styles/patch_image/public/shutterstock-452620396-1___27124657082.jpg)
UPPER WEST SIDE, NY — A new report revealed that the median one-bedroom rent on the Upper West Side is now more than $4,500.
The real estate publication Zumper published its "National Rent Report" on Wednesday, which broke down the median rent of over 80 neighborhoods in the five boroughs between April 1 and June of this year.
Overall, New York City had the priciest median one-bedroom home in the country in July at $3,980. The number was even higher in Manhattan, where it ballooned up to $4,200.
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The Upper West Side ended up as the 12th most expensive of the 81 New York City neighborhoods examined by the study.
The average one-bedroom in the neighborhood in the second quarter of 2023, from April to June, was $4,573, according to the study.
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For comparison, here are the top 12 priciest one-bedroom areas for the second quarter of 2023.
- NoMad: $6,033 a month
- Flatiron District: $5,933 a month
- Chelsea: $5,377 a month
- Stuyvesant Town: $5,190 a month
- Greenwich Village: $5,080 a month
- DUMBO: $4,837 a month
- Gramercy Park: $4,787 a month
- Garment District: $4,707 a month
- SoHo: $4,703 a month
- NoHo: $4,633 a month
- Midtown East: $4,617
- Upper West Side: $4,573
The Upper East Side's median one-bedroom price for the second-quarter of 2023? $3,863.
The most-affordable median one-bedroom in New York City during the period was in Bensonhurst at $1,600, according to the study.
New York City's median one-bedroom rent of $3,980 is more than twice the national median, but half of city's neighborhoods have one-bedroom medians of under $2,800 — which is the current median for a one-bedroom in Boston and Miami.
You can read the complete Zumper study — HERE.
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