The New York-Northern New Jersey metro, which comprises more than 18.7 million people, will experience minimal year-over-year gains in home values and rents, according to a recent Zillow rent forecast.
- NYC metro's median home value reached a new peak in December and should exceed $625,000 this year.
- Rents recently rose year-over-year by more than 9 percent in seven NYC metro neighborhoods.
- Manhattan and Brooklyn will see the highest volume of rental unit deliveries in the next three years.
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