Monthly Rent Report
Norwood Rent Report — May 2023
Asking rents in ZIP 10467, New York City, from 257 listings.
Median 1BR rent in Norwood was $1,713 in May 2023, up 16.1% (+$238) from April 2023 and up 7.0% year-over-year. The middle half of 1BR listings asked between $1,569 and $1,995. That puts Norwood $765 below the New York City citywide 1BR median of $2,477. The month's figures are based on 257 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$162 (+10.6%) | −$180 (-9.6%) | $1,550 – $1,875 | 12 |
| Studio | $1,695 | +$162 (+10.6%) | −$180 (-9.6%) | $1,550 – $1,875 | 26 |
| 1BR | $1,713 | +$238 (+16.1%) | +$113 (+7.0%) | $1,569 – $1,995 | 64 |
| 1BR | $1,725 | +$250 (+16.9%) | +$125 (+7.8%) | $1,538 – $1,995 | 19 |
| 2BR | $1,800 | −$500 (-21.7%) | +$50 (+2.9%) | $1,800 – $1,800 | 1 |
| 2BR | $2,300 | $0 (0.0%) | +$550 (+31.4%) | $2,100 – $2,550 | 37 |
| 3BR | $2,600 | −$200 (-7.1%) | −$300 (-10.3%) | $2,600 – $2,600 | 1 |
| 3BR | $3,000 | +$200 (+7.1%) | +$100 (+3.4%) | $2,750 – $3,200 | 53 |
| 4BR | $3,363 | +$67 (+2.0%) | −$137 (-3.9%) | $3,200 – $3,426 | 26 |
| 4BR | $3,299 | +$3 (+0.1%) | −$201 (-5.7%) | $3,200 – $3,426 | 9 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Norwood vs. New York City — May 2023
| Bedrooms | Norwood Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $2,450 | −$755 (-30.8%) |
| Studio | $1,695 | $2,450 | −$755 (-30.8%) |
| 1BR | $1,713 | $2,477 | −$765 (-30.9%) |
| 1BR | $1,725 | $2,477 | −$752 (-30.4%) |
| 2BR | $1,800 | $2,800 | −$1,000 (-35.7%) |
| 2BR | $2,300 | $2,800 | −$500 (-17.9%) |
| 3BR | $2,600 | $3,225 | −$625 (-19.4%) |
| 3BR | $3,000 | $3,225 | −$225 (-7.0%) |
| 4BR | $3,363 | $4,000 | −$637 (-15.9%) |
| 4BR | $3,299 | $4,000 | −$701 (-17.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.