The city’s economic recovery from the COVID-19 pandemic has solidified new preferences for where New Yorkers wish to live. StreetEasy’s list of NYC neighborhoods to watch for 2022 reflects these new trends, leading to a list somewhat different from years past. Last year, Brooklyn dominated the list. It does this year, too — but the borough’s popularity has spread even further, to the neighborhoods next door to last year’s entries. For example, this year we see Gowanus instead of Park Slope.
Table of Contents
Manhattan Rentals Under $3,000 on StreetEasyArticle continues below
South Harlem
215 West 116th Street
$2,862No Fee
2 |
1
Chinatown
73 Mott Street
$2,400No Fee
1 |
1
South Harlem
274 West 115th Street
$2,500No Fee
1 |
1
Upper West Side
856 West End Avenue
$2,195No Fee
Studio |
1
Upper West Side
148 West 73rd Street
$2,800No Fee
1 |
3
Kips Bay
228 East 26th Street
$2,900No Fee
1 |
1
West Village
108 Charles Street
$2,650No Fee
Studio |
1
Lenox Hill
310 East 74th Street
$2,800No Fee
Studio |
1
Lower East Side
40 Rivington Street
$2,500No Fee
2 |
1
Morningside Heights
1272 Amsterdam Avenue
$2,350No Fee
Studio |
1
Greenwich Village
173 Sullivan Street
$2,695No Fee
Studio |
1
East Harlem
105 East 116th Street
$2,350No Fee
1 |
1
We define our NYC neighborhoods to watch for 2022 as the areas that saw the greatest surge in interest among buyers, renters, and sellers in 2021, gearing them up for continued interest this coming year. To create this list we ranked the areas based on an index of three factors: increases in sales prices, rents, and user searches year-over-year.
Downtown Manhattan’s Amenities Draw New Yorkers Who Can Afford Them
The hottest neighborhoods in Manhattan are also among the most expensive. Topping the list is SoHo, joined by Greenwich Village and Flatiron. Now that shopping, restaurants, and nightlife have reopened, living in — or close to — neighborhoods with a lot going on has become important again. At least, to those New Yorkers who can afford to.
All the fun of pre-pandemic New York is not limited to Manhattan, of course. The neighborhoods in Brooklyn that have always been hot or up and coming are once again the top neighborhoods for 2022. Dumbo and Fort Greene are relatively easy to access from Manhattan’s office centers, and provide a diverse range of restaurants and nightlife that help make NYC the greatest city in the world. Interestingly, Bushwick ranks higher this year than Williamsburg, which didn’t even make our top 10. (On last year’s list, Williamsburg came in at number 7, while Bushwick was 9.) Bushwick has similar transportation options but is farther from Manhattan.
Brooklyn 1-2BR Rentals Under $2,800 on StreetEasyArticle continues below
Bay Ridge
469 76th Street
$2,500No Fee
1 |
1
Stuyvesant Heights
914 Jefferson Avenue
$2,350No Fee
1 |
1
Stuyvesant Heights
1875 Atlantic Avenue
$2,475No Fee
1 |
1
Crown Heights
641 Saint Marks Avenue
$2,412No Fee
1 |
1
Crown Heights
641 Saint Mark’s Avenue
$2,538No Fee
1 |
1
Sheepshead Bay
2785 East 15th Street
$2,458No Fee
2 |
1
Brighton Beach
3017 Brighton 12th Street
$2,417No Fee
2 |
1
Williamsburg
29 Skillman Avenue
$2,675No Fee
1 |
1
East Flatbush
1257 New York Avenue
$1,900No Fee
2 |
1
Stuyvesant Heights
1074 Putnam Avenue
$2,295No Fee
1 |
1
Brighton Beach
3017 Ocean Parkway
$1,800No Fee
1 |
1
Stuyvesant Heights
686 Lexington Avenue
$2,699No Fee
2 |
1
Working from home has changed where people decide to live in order to save money or gain space. The New Yorkers who wish to live in, say, Bushwick or Gowanus may be seeking the creative vibe SoHo once had in terms of food, nightlife, and even people watching. Before COVID, these beloved Brooklyn neighborhoods were gaining traction. Gowanus and Red Hook, though, are a difficult commute for anyone who does not have easy access to the G or F trains. In fact, Red Hook was one of the only neighborhoods on our list where rents fell year-over-year. But sales prices rose so significantly — 21%— that the neighborhood still made our list.
New NYC Neighborhoods to Watch in the Bronx and Queens
Many of the hot NYC neighborhoods on this list are also expensive. But two have median asking rents below $2,000: Kew Gardens Hills in Queens, and Fordham in the Bronx. These are also the only two areas on our list outside of Manhattan or Brooklyn. With plenty of green space and parks nearby, these neighborhoods are great options for New Yorkers who do not need to commute to Manhattan and are looking for more space.
Bronx & Queens Rentals Under $2,500 on StreetEasyArticle continues below
Maspeth
66-17 52nd Avenue
$1,999No Fee
2 |
1
Astoria
12-14 31st Avenue
$2,499No Fee
1 |
1.5
Astoria
29-26 30th Avenue
$2,350No Fee
1 |
1
Ditmars-Steinway
20-16 47th Street
$2,100No Fee
1 |
1
Parkchester
1519 Metropolitan Avenue
$1,899No Fee
1 |
1
Woodside
63-11 Queens Boulevard
$2,000No Fee
Studio |
1
Fresh Meadows
196-18 67th Avenue
$2,250No Fee
1 |
1
Ditmars-Steinway
21-14 21st Avenue
$2,300No Fee
1 |
1
Oakland Gardens
61-43 224th Street
$2,500No Fee
2 |
1
Oakland Gardens
61-43 224th Street
$2,100No Fee
1 |
1
Rego Park
68-28 Alderton Street
$2,000No Fee
1 |
1
Ditmars-Steinway
32-13 Astoria Boulevard North
$2,275No Fee
1 |
1
It’s no surprise that these are also university neighborhoods, now that campuses are open for in-person classes. Fordham is home to Fordham University, and Kew Gardens Hills is a stone’s throw away from Queens College. According to a report by the NYC Comptroller’s office, the reopening of in-person learning coincided with an improvement in net residential migration to the city.
How We Did It
We identified our 10 NYC neighborhoods to watch for 2022 using an index of three key performance indicators: annual change in median asking rent, annual change in median sale price, and annual change in user searches that include a given neighborhood on StreetEasy.