(Brooklyn, NY) — Brooklyn may no longer be called home for millennials. That’s right rent in Brooklyn is skyrocketing, leaving wallets lighter than before, and millennials aren’t having it.
StreetEasy reported that the median rent for a one-bedroom is $2,250 in Bushwick, $2,760 in Williamsburg, and $2,000 in Crown Heights.
So, where are millennials moving?
Washington Height is the new rave. Residents aged 20 to 34 make up about 10% of the neighborhood population.
What is the median rent for a one-bedroom apartment in Washington Heights?
Make sure your wallet is listening, the median rent for a one-bedroom in Washington Heights is $1,850, hundreds of dollars cheaper than Brooklyn.
And, with its location close to Midtown, a low crime rate, and cheap rent its growth in popularity is no surprise.