Monthly Rent Report
ZIP 7047 Rent Report — May 2024
Asking rents in ZIP 7047, New York City, from 4 listings.
Median 1BR rent in ZIP 7047 was $1,448 in May 2024, down 48.3% (−$1,352) from April 2024 and down 23.8% year-over-year. The middle half of 1BR listings asked between $1,421 and $1,474. That puts ZIP 7047 $978 below the New York City citywide 1BR median of $2,425. The month's figures are based on 4 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,250 | +$100 (+4.7%) | — | $2,250 – $2,250 | 1 |
| 1BR | $1,448 | −$1,352 (-48.3%) | −$452 (-23.8%) | $1,421 – $1,474 | 2 |
| 2BR | $2,100 | +$55 (+2.7%) | −$400 (-16.0%) | $2,100 – $2,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 7047 vs. New York City — May 2024
| Bedrooms | ZIP 7047 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $2,350 | −$100 (-4.3%) |
| 1BR | $1,448 | $2,425 | −$977 (-40.3%) |
| 2BR | $2,100 | $2,914 | −$813 (-27.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.