Monthly Rent Report
Far Rockaway Rent Report — July 2016
Asking rents in ZIP 11693, New York City, from 29 listings.
Median 1BR rent in Far Rockaway was $1,475 in July 2016, down 7.8% (−$125) from June 2016 and down 1.7% year-over-year. The middle half of 1BR listings asked between $1,413 and $1,538. That puts Far Rockaway $225 below the New York City citywide 1BR median of $1,700. The month's figures are based on 29 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2016 | Vs. July 2015 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | — | −$1,245 (-58.0%) | $900 – $900 | 1 |
| 1BR | $1,475 | −$125 (-7.8%) | −$25 (-1.7%) | $1,413 – $1,538 | 2 |
| 2BR | $1,650 | −$75 (-4.3%) | +$100 (+6.5%) | $1,500 – $1,650 | 10 |
| 3BR | $1,850 | −$178 (-8.8%) | +$50 (+2.8%) | $1,850 – $1,956 | 16 |
Median, P25, and P75 are asking rents from listings posted in July 2016. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — July 2016
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,600 | −$700 (-43.8%) |
| 1BR | $1,475 | $1,700 | −$225 (-13.2%) |
| 2BR | $1,650 | $2,100 | −$450 (-21.4%) |
| 3BR | $1,850 | $2,500 | −$650 (-26.0%) |
Citywide figure is the median of zip-level medians across 178 New York City zip codes with listings in July 2016.