Monthly Rent Report
ZIP 7040 Rent Report — August 2024
Asking rents in ZIP 7040, New York City, from 2 listings.
Median 1BR rent in ZIP 7040 was $1,575 in August 2024, down 2.2% (−$35) from July 2024 and down 25.0% year-over-year. The middle half of 1BR listings asked between $1,575 and $1,575. That puts ZIP 7040 $815 below the New York City citywide 1BR median of $2,390. The month's figures are based on 2 listings across 2 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,575 | −$35 (-2.2%) | −$525 (-25.0%) | $1,575 – $1,575 | 1 |
| 2BR | $2,400 | −$165 (-6.4%) | −$70 (-2.8%) | $2,400 – $2,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
ZIP 7040 vs. New York City — August 2024
| Bedrooms | ZIP 7040 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,575 | $2,390 | −$815 (-34.1%) |
| 2BR | $2,400 | $2,900 | −$500 (-17.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.