Monthly Rent Report
Richmond Hill Rent Report — August 2020
Asking rents in ZIP 11418, New York City, from 52 listings.
Median 1BR rent in Richmond Hill was $2,038 in August 2020, up 56.7% (+$738) from July 2020 and up 17.3% year-over-year. The middle half of 1BR listings asked between $1,763 and $2,075. That puts Richmond Hill $153 above the New York City citywide 1BR median of $1,885. The month's figures are based on 52 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2020 | Vs. August 2019 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,038 | +$738 (+56.7%) | +$300 (+17.3%) | $1,763 – $2,075 | 8 |
| 1BR | $2,000 | +$700 (+53.8%) | +$263 (+15.1%) | $1,800 – $2,075 | 5 |
| 2BR | $2,625 | −$62 (-2.3%) | +$513 (+24.3%) | $2,608 – $2,813 | 11 |
| 2BR | $2,000 | −$687 (-25.6%) | −$112 (-5.3%) | $1,900 – $2,625 | 17 |
| 2BR | $2,000 | −$687 (-25.6%) | −$112 (-5.3%) | $1,800 – $2,000 | 5 |
| 2BR | $1,900 | −$787 (-29.3%) | −$212 (-10.1%) | $1,900 – $1,924 | 4 |
| 3BR | $2,100 | −$180 (-7.9%) | −$400 (-16.0%) | $2,100 – $2,100 | 1 |
| 3BR | $2,100 | −$180 (-7.9%) | −$400 (-16.0%) | $2,100 – $2,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2020. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — August 2020
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,038 | $1,885 | +$153 (+8.1%) |
| 1BR | $2,000 | $1,885 | +$116 (+6.1%) |
| 2BR | $2,625 | $2,250 | +$375 (+16.7%) |
| 2BR | $2,000 | $2,250 | −$250 (-11.1%) |
| 2BR | $2,000 | $2,250 | −$250 (-11.1%) |
| 2BR | $1,900 | $2,250 | −$350 (-15.6%) |
| 3BR | $2,100 | $2,606 | −$506 (-19.4%) |
| 3BR | $2,100 | $2,606 | −$506 (-19.4%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in August 2020.