Rent price increase in NYC in 2024?
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6H
1D
1W
1M
ALL
2024 (+0)
$13,154vol
Above 2%
Yes
Above 3%
Yes
Above 3.87%
Yes
Above 5%
No
Rules summary for
Above 2%
If rent in NYC grows by more than 2 in 2024 (December 2023 : December 2024), then the market resolves to Yes. Outcome verified from Zillow.
The market shall and close and expire at the first 10:00 AM ET following the release of the data for 2024 (December 2023 : December 2024). Data is expected to be released on the third Thursday of the month following the target month. Timeline and payout
About
New York City's rental market has seen significant changes in recent months. According to a report by Zumper, one-bedroom rentals in NYC surged 18% in February compared to the previous year, reaching $4,200, while median rents in Jersey City increased by 5.4% to $3,140. In contrast, a report by StreetEasy found that the median asking rent in Manhattan for February 2024 fell 4.6% compared to February 2023, driven by slowing demand and higher vacancy rates. Overall, the average rental price in Manhattan increased by 1.35% from March to April 2024, with varying trends across different neighborhoods.
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