Monthly Rent Report
Richmond Hill Rent Report — August 2016
Asking rents in ZIP 11418, New York City, from 148 listings.
Median 1BR rent in Richmond Hill was $1,650 in August 2016, up 3.9% (+$63) from July 2016. The middle half of 1BR listings asked between $1,400 and $1,850. That puts Richmond Hill $48 below the New York City citywide 1BR median of $1,698. The month's figures are based on 148 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2016 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | −$125 (-9.1%) | — | $1,200 – $1,250 | 5 |
| 1BR | $1,650 | +$63 (+3.9%) | — | $1,400 – $1,850 | 85 |
| 2BR | $3,000 | +$900 (+42.9%) | — | $3,000 – $3,000 | 1 |
| 2BR | $3,000 | +$900 (+42.9%) | — | $3,000 – $3,000 | 1 |
| 3BR | $2,350 | $0 (0.0%) | — | $2,200 – $2,800 | 45 |
| 4BR | $2,400 | +$150 (+6.7%) | — | $2,100 – $2,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in August 2016. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — August 2016
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,638 | −$387 (-23.7%) |
| 1BR | $1,650 | $1,698 | −$47 (-2.8%) |
| 2BR | $3,000 | $2,100 | +$900 (+42.9%) |
| 2BR | $3,000 | $2,100 | +$900 (+42.9%) |
| 3BR | $2,350 | $2,599 | −$249 (-9.6%) |
| 4BR | $2,400 | $3,200 | −$800 (-25.0%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in August 2016.