9 facts about the New York City housing market that will make you glad you live somewhere else
Manhattan bridge seen from a narrow alley enclosed by two brick buildings in New York, USA.Getty Images
- New York City is the biggest city in the US, and it has an equally massive housing market.
- The average rent in Manhattan is more than $3,000, and prices in the other boroughs aren't far behind.
- Here are nine surprising facts about New York housing that will make you glad you live somewhere else.
- Visit Business Insider's homepage for more stories.
New York City is the biggest city in the United States, and it has an equally massive real estate market.
Across the city, rents are climbing to historic rates, with an average Manhattan apartment costing more than $3,000 a month. Only San Francisco has a higher average rent than the Big Apple.
At the same time, tens of thousands of New Yorkers are being squeezed out of the housing market altogether and pushed onto the streets.
There are plenty of things about New York's housing market that would make you think twice about moving to the city.
Here are nine facts that will make you glad you live somewhere else.
More New Yorkers pay rent than the number of people who live in city of Los Angeles
Yankee Stadium couldn't hold all the New Yorkers who are living in homeless shelters
Manhattan homes are currently left on the market for an average of four months
Even the cheapest Manhattan neighborhood has an average rent of more than $1,600
There was only one part of the city where rent actually decreased last year
Less than a quarter of housing units in Brooklyn are offering cuts on rent
The percentage of homes for sale is up 11.7%
More than 1 million New Yorkers are living below the poverty line