More millionaires opt to rent in NYC instead of buy

… Feeling the pinch of high prices and elevated mortgage rates New York City millionaires are … $1 million or more said New York now ranks 1 for highincome renters with 5661 millionaire renter households in 2023 up … owners … The report also found that NYC millionaire homeowners grew from 13204 in 2019 to 26767 in 2023 a 103 …

By Jennifer White Karp |June 18, 2025 - 9:30AM