Monthly Rent Report
Forest Hills Rent Report — August 2024
Asking rents in ZIP 11375, New York City, from 38 listings.
Median 1BR rent in Forest Hills was $3,515 in August 2024, up 4.9% (+$165) from July 2024 and up 44.9% year-over-year. The middle half of 1BR listings asked between $3,296 and $3,694. That puts Forest Hills $1,125 above the New York City citywide 1BR median of $2,390. The month's figures are based on 38 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,818 | +$618 (+28.1%) | +$918 (+48.3%) | $2,804 – $2,843 | 6 |
| 1BR | $3,515 | +$165 (+4.9%) | +$1,090 (+44.9%) | $3,296 – $3,694 | 8 |
| 2BR | $2,875 | −$1,155 (-28.7%) | −$725 (-20.1%) | $2,875 – $2,875 | 2 |
| 2BR | $3,960 | −$70 (-1.7%) | +$360 (+10.0%) | $3,780 – $3,970 | 13 |
| 3BR | $5,100 | +$1,100 (+27.5%) | +$345 (+7.3%) | $5,025 – $5,175 | 2 |
| 4BR | $5,985 | +$500 (+9.1%) | +$265 (+4.6%) | $5,853 – $6,185 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Forest Hills vs. New York City — August 2024
| Bedrooms | Forest Hills Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,818 | $2,500 | +$318 (+12.7%) |
| 1BR | $3,515 | $2,390 | +$1,125 (+47.1%) |
| 2BR | $2,875 | $2,900 | −$25 (-0.9%) |
| 2BR | $3,960 | $2,900 | +$1,060 (+36.6%) |
| 3BR | $5,100 | $3,603 | +$1,497 (+41.5%) |
| 4BR | $5,985 | $4,225 | +$1,760 (+41.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.