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Rent Stabilization Law
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Report on Median Asking Rent for Dwelling Units
Date Published:
2021-09-01
Description:
Housing is considered affordable if it costs about one-third or less of what the people living there earn, also known as Area Median Income (AMI). The 2021 AMI for the New York City region is $107,400 for a three-person family (100% AMI).
Agency:
Housing Preservation and Development, Department of (HPD)
Subject(s):
Rent Stabilization Law
and
Rent Control
Report Type:
Reports - Annual