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9 facts about the New York City housing market that will make you glad you live somewhere else

Stephanie Taylor   

9 facts about the New York City housing market that will make you glad you live somewhere else
Thelife1 min read

Manhattan bridge

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  • 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.

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