By Lauren Hagerty | Bloomberg Businessweek/Reuters – Jan. 29, 2018 07:30:51More than half of New York City households are paying more than they were in 2016, according to a study from the nonprofit HousingWorks, and some have no way to pay more than the federal poverty line.
HousingWorks surveyed more than 1,200 renters and their landlords, and found that median monthly rent costs in the city jumped 8 percent from 2016 to 2017, with a median monthly payment of $1,965.
Hitting that mark was even more of a challenge in areas of the city where landlords can’t afford to rent to renters with a low income.
Those areas are predominantly in the Bronx, Queens, and Brooklyn, where the median rent in those areas increased by 20 percent or more from 2016.
For renters who make less than the median income in these areas, rents increased by an average of $2,700 in 2017, up from $1 the previous year.
In Queens, where rents increased 14 percent, that represents a 2.9 percent increase.
In the Bronx alone, renters paying less than 30 percent of the median household income are paying $3,000 more annually, according the HousingWorks report.
That includes renters in single-family homes, who pay $1 more for a one-bedroom apartment, and renters renting two or more apartments in a single building.
The average rent for a two-bedroom unit in the median Brooklyn apartment increased by about $400 from 2016, the report found.
A one-bedroom unit in Queens increased by $300, while a two bedroom unit increased by just $150.
For a one bedroom, that is a 3.5 percent increase in rent, the Housing Works report found, up by $400 for renters in the two- and three-bedroom category.
The survey also found that the median price of a studio apartment increased in all of New Yorkers’ boroughs from $2.35 million in 2016 to $3.65 million in 2017.
But renters in lower income communities, like the Bronx and Queens, are paying the most.
For low-income renters, the average rent in Queens, the poorest borough in New York, increased by more than 10 percent from the previous two years, to $2 million.
And renters in higher-income boroughs like Manhattan paid more, with median rent prices increasing by 13 percent, or $1.75 million, in 2017 from the 2016 to the 2017 period.
Renters with incomes between 100 and 250 percent of median income also pay the most, up 8 percent.
But a larger portion of these renters, those with incomes under $250,000, pay less than $300 a month in rent.
The report found that nearly one in five renters who have lived in New Yorkers in the past three years have had to pay a late rent or late payment because of financial hardship.
The median rent for these renters increased by 7 percent, from $845 to $947.
The rent hikes were not the only hardship renters faced.
One in three renters said they were unable to rent in their current location because of a lack of available space, or were unable due to a health condition or disability that would prevent them from using their current apartment.
And the report showed that one in six renters said that they had difficulty accessing emergency assistance because of the eviction process.
Some renters who rent in Brooklyn are also seeing rents increase in areas that have been designated as low-cost zones.
The designation gives low- or moderate-income residents more access to low-priced housing than areas that are not designated as affordable, such as the neighborhoods of Fort Greene and Jamaica Bay.
Rents in these low- and moderate-cost areas also rose by a third from 2016 through 2017, the study found.
The boroughs of Manhattan, Queens and Brooklyn have seen rents rise the most this year, the most in New Jersey.
The numbers are the latest data to emerge from a recent report by the National Low Income Housing Coalition, which released a report titled Housing Supply Inequality: A Report Card.
The report said that the number of renters in New Yorker’s homes that are paying at least half of the current rent, or at least $1 per month, has doubled since the last census, from 6 percent in 2016.
The median rent of a one-, two-, or three-person family living in New Yorks rent is $1 a month, the analysis found.
The rent in a two-, three-, or four-person household in Queens is $2 a month.
For renters in Brooklyn, the median is $3 a month; for a three-parent household it is $5.
The HousingWorks survey was conducted from Jan. 26 to March 15, 2018, using landlines and mobile phones.
The survey has a margin of error of plus or minus 3.1 percent.