Monthly Rent Report
Far Rockaway Rent Report — October 2016
Asking rents in ZIP 11693, New York City, from 17 listings.
Median 1BR rent in Far Rockaway was $1,200 in October 2016, down 25.0% (−$400) from September 2016 and down 14.3% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts Far Rockaway $500 below the New York City citywide 1BR median of $1,700. The month's figures are based on 17 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2016 | Vs. October 2015 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $800 | — | −$150 (-15.8%) | $800 – $800 | 3 |
| 1BR | $1,200 | −$400 (-25.0%) | −$200 (-14.3%) | $1,200 – $1,200 | 1 |
| 2BR | $1,650 | $0 (0.0%) | −$150 (-8.3%) | $1,650 – $1,875 | 11 |
| 3BR | $2,325 | +$425 (+22.4%) | +$475 (+25.7%) | $2,088 – $2,563 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2016. Changes compare against the nearest prior month with data.
Far Rockaway vs. New York City — October 2016
| Bedrooms | Far Rockaway Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $800 | $1,613 | −$812 (-50.4%) |
| 1BR | $1,200 | $1,700 | −$500 (-29.4%) |
| 2BR | $1,650 | $2,128 | −$478 (-22.5%) |
| 3BR | $2,325 | $2,600 | −$275 (-10.6%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in October 2016.