Monthly Rent Report
Far Rockaway Rent Report — May 2016
Asking rents in ZIP 11693, New York City, from 56 listings.
Median 1BR rent in Far Rockaway was $950 in May 2016, down 40.6% (−$650) from April 2016 and down 32.1% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Far Rockaway $750 below the New York City citywide 1BR median of $1,700. The month's figures are based on 56 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2016 | Vs. May 2015 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $950 | −$650 (-40.6%) | −$450 (-32.1%) | $950 – $950 | 2 |
| 2BR | $1,650 | $0 (0.0%) | +$125 (+8.2%) | $1,600 – $1,750 | 25 |
| 3BR | $2,100 | +$250 (+13.5%) | −$735 (-25.9%) | $1,850 – $2,200 | 22 |
| 4BR | $2,500 | $0 (0.0%) | — | $2,500 – $2,500 | 7 |
Median, P25, and P75 are asking rents from listings posted in May 2016. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — May 2016
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $950 | $1,700 | −$749 (-44.1%) |
| 2BR | $1,650 | $2,100 | −$450 (-21.4%) |
| 3BR | $2,100 | $2,500 | −$400 (-16.0%) |
| 4BR | $2,500 | $3,325 | −$825 (-24.8%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in May 2016.