A new report illustrates how much space one can rent for the elusive price of $1,700 a month in DC, and it varies pretty significantly around the city.
The DC area is one of the stingiest metropolitan areas when it comes to the amount of space one can get for that budget, per a new RentCafe report. The average square footage varies throughout DC proper at that budget, with as much as 1,057 square feet in the 20020 zip code East of the Anacostia River and as little as 375 square feet in the downtown zip code of 20036
While DC doesn't offer a lot of space for $1,700 a month, there is one city that is the stingiest.
"Of the top 50 zip codes in the U.S. where $1,700 gets you the least amount of space, 36 are in New York," the report said. "This means that, in many New York neighborhoods, your $1,700 might only secure a very small amount of space or a tiny studio. As an example, in Manhattan’s 10013, you might be looking at around 211 square feet."
The analysis uses Yardi Matrix data from 1,665 zip codes across the 50 largest cities in the U.S. and how much they offer for a monthly budget of $1,700.
This article originally published at https://dc.urbanturf.com/articles/blog/375_to_1050_square_feet_how_much_space_1700_rents_for_in_the_dc_area/21754.
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