Rents Are Rising Disproportionately In Low-Income, Family Communities

By Evan Rosen

Queens Daily Eagle

Rents are rising at a disproportionate rate throughout Queens neighborhoods with high numbers of families, according to an analysis of rental listings by the real estate website StreetEasy.

The findings, published on Aug. 24, reveal that rents increased 5 percent faster in neighborhoods where families make up at least 25 of the populations than in neighborhoods where families make up less than 25 percent of the population.

In Elmhurst, where families make up 39 percent of the population, rent has increased by 36 percent. In contrast, Astoria — where families make up just 20 percent of the population — rents have increase by only 25 percent.

Jackson Heights, Flushing, Sunnyside and Corona were also affected by this trend.

StreetEasy Senior Economist Grant Long said the rent increases hit low-income families particularly hard.

“Residents who already struggle to make ends meet and renters dealing with the high costs of childcare are predominantly living in areas that see the most dramatic rent growth,” Long said.

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