Monthly Rent Report
Far Rockaway Rent Report — August 2016
Asking rents in ZIP 11693, New York City, from 80 listings.
Median 1BR rent in Far Rockaway was $1,525 in August 2016, up 3.4% (+$50) from July 2016 and up 1.7% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,600. That puts Far Rockaway $173 below the New York City citywide 1BR median of $1,698. The month's figures are based on 80 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2016 | Vs. August 2015 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | $0 (0.0%) | −$100 (-10.0%) | $900 – $900 | 2 |
| 1BR | $1,525 | +$50 (+3.4%) | +$25 (+1.7%) | $1,450 – $1,600 | 6 |
| 2BR | $1,650 | $0 (0.0%) | +$50 (+3.1%) | $1,600 – $1,850 | 47 |
| 3BR | $1,850 | $0 (0.0%) | −$750 (-28.8%) | $1,850 – $1,950 | 25 |
Median, P25, and P75 are asking rents from listings posted in August 2016. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — August 2016
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,638 | −$737 (-45.0%) |
| 1BR | $1,525 | $1,698 | −$172 (-10.2%) |
| 2BR | $1,650 | $2,100 | −$450 (-21.4%) |
| 3BR | $1,850 | $2,599 | −$749 (-28.8%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in August 2016.