Queens Saw The Decade's Highest Rent Spikes: Report

QUEENS, NY — Queens saw the largest rent spike of any borough since the start of this decade, according to a new StreetEasy report.

Median rents jumped 30 percent in Queens over the course of the decade, from $1,700 a month in 2010 to $2,217 a month this year, StreetEasy found in a new data analysis for the news outlet Curbed New York.

The Bronx saw the second-biggest rent jump after Queens, with median rents that went up by 19 percent over the decade, according to the report.

Corona, Long Island City and Astoria were largely responsible for Queens' skyrocketing rents, according to StreetEasy economist Nancy Wu, who attributed the increases to the neighborhoods' public transit access and the spate of new developments rising in Long Island City.

The next decade will likely see even higher rents for homes along the 7 line, Wu added.

In terms of neighborhoods, Corona saw the city's largest rent increase of the 2010s: a whopping 79 percent. The median rent there was $1,150 a month in 2010, compared to $2,060 a month this year, StreetEasy found.

Rego Park was the next Queens neighborhood to top that list, with a 47-percent increase in the median rent price.

Read the full report in Curbed New York.