Monthly Rent Report
ZIP 7720 Rent Report — May 2024
Asking rents in ZIP 7720, New York City, from 4 listings.
Median 1BR rent in ZIP 7720 was $2,250 in May 2024, up 12.5% (+$250) from April 2024 and down 11.8% year-over-year. The middle half of 1BR listings asked between $2,225 and $2,275. That puts ZIP 7720 $175 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 | +$400 (+21.6%) | — | $2,250 – $2,250 | 1 |
| 1BR | $2,250 | +$250 (+12.5%) | −$300 (-11.8%) | $2,225 – $2,275 | 2 |
| 2BR | $2,750 | +$211 (+8.3%) | +$775 (+39.2%) | $2,750 – $2,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
ZIP 7720 vs. New York City — May 2024
| Bedrooms | ZIP 7720 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $2,350 | −$100 (-4.3%) |
| 1BR | $2,250 | $2,425 | −$175 (-7.2%) |
| 2BR | $2,750 | $2,914 | −$163 (-5.6%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.