The cost of temporary housing in NYC
The city where dreams come true – NYC! Maybe the most famous city in the world. Coming here can be a little challenging! The best solution when you want to come here, especially if you travel long distances is by hiring movers for the job. With movers, you will need storage solutions. Many people think that they have enough space for all their stuff, but it is not true! It can be a disaster if you don’t rent a storage unit. Here, you can keep all your stuff until you don’t need them. Full service storage NYC is there to help you and offer storage solutions for your belongings. The cost of temporary housing in NYC can vary from one part of the city to another. Continue reading and discover everything about living here and storage solutions.
What can you expect in NYC?
Here, dreams can happen. But, not for all, unfortunately. It is a brutal city with great opportunities. A big number of jobs that you can do, great apartments and houses, everything you ever wanted can be found and bought here. Some flow with the wave, and some leave the city after a short time. It is not for everybody. You need to prepare yourself for the city. A lot of different places where you can find a home to live in. Temporary or for life. The choice is yours. If you are temporary here and have a lot of stuff, storage rental NYC is there to help you. You don’t need to unpack all your stuff, you can put them in a storage unit and have more space in your new rented home.
Let’s talk about housing
Prices are different from one neighborhood to another. It is not the same if you live in Brooklyn, Queens, or Bronx. The prices are not the same. Especially if you are looking for a temporary home. The short period, the more expensive rent can be. But, there are houses and apartments where the price is the same for a short period and long period. Self storage NYC can last from a few days to a few years. You can choose.
The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Brooklyn is 3,194$, while home prices circle 1,262,497$. On average 4,550 for a studio, 4,672 for two bedrooms, 7,006 for three bedrooms, and 3,731 for one bedroom.
Queens is way more affordable than many New York urban areas and less expensive to live in than Manhattan for example or most parts of Brooklyn. You will need 2,600$ for rental in Queens. This is average. If you are here temporary, maybe a good option is to rent something in Queens and save money.
Bronx: Bedford Park, Parkchester and Kingsbridge
Bedford Park has the lowest median rent in the city of New York – 1,558$ for a one bedroom. Parkchester is the second most affordable neighborhood in the Bronx ( the median rent for a one bedroom is 1,600$) and Kingsbridge is the third most affordable. Here, in Kingsbridge, you will need 1,650$.
The cost of temporary housing in NYC (Manhattan)
Inwood is the most affordable (where a median one-bedroom rent is 1,733$), followed by Marble Hill where the median rent is 1,800$, and Washington Heights is a third with 1,850$. Storage pick up service works here and it is easy to leave your stuff in the storage unit.
How long are you staying?
You should ask yourself this and see what is the best. If you are staying for just a few days, you can enjoy yourself in some more expensive neighborhoods like Manhattan. If you are staying for a few months, you should consider maybe some less expensive neighborhood. In the end, the choice is yours! It also depends on your budget. And remember that you have big storage facilities Long Island City which you can use for your temporary stuff keeping. Your stuff will be safe here.
What about temporary buying?
Most people rent an apartment when they need temporary housing in NYC. But, there is also an option to buy your home and sell it. Real estate in New York is expensive and usually, the price rarely falls. This means that you can earn money when you want to sell it. Let’s talk about numbers. How much will you pay for a house?
- Manhattan – the median listing home price in Manhattan, NY was $1.4M, trending up 4.2% year-over-year.
- Brooklyn – the median price in Brooklyn was 950,000$, trending up 6.1%
- Bronx – you will need at least 760,000$
- Queens – 650,000$, trending up 5.7% year-over-year
- Upper East Side – 975,000$ at least
Help with buying or selling
This is a big market. You will need help from people who know the prices and have contacts so you can do everything much easier. Real estate agents are the people that you need. The cost of temporary housing in NYC will also depend on them. Their negotiating skills are crucial for buying or selling. A lot of them will try to take a big juicy commission out of selling. Watch out that you don’t lose a lot of money because of this. Find reputable and good agents. Ask around and search online for help. A lot of information, people can find for free.
What should you have in mind?
We all know that the world is changing. Inflation is rising, and with that prices are rapidly going up. One of the smartest investments nowadays is real estate. Interest that you get from a bank when you put money on austerity is low. Maybe the best solution is to buy if you can. You can easily sell it later when you want to move. But, a few people can afford to buy an apartment or a house in areas like Manhattan. We mentioned what is the cost of temporary housing in NYC in different areas. It goes from 1300$ to 13000$. You need to see what is the best option for you.