Monthly Rent Report
Richmond Hill Rent Report — February 2023
Asking rents in ZIP 11418, New York City, from 10 listings.
Median 1BR rent in Richmond Hill was $1,850 in February 2023, up 42.3% (+$550) from January 2023 and down 6.2% year-over-year. The middle half of 1BR listings asked between $1,575 and $1,850. That puts Richmond Hill $350 below the New York City citywide 1BR median of $2,200. The month's figures are based on 10 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,850 | +$550 (+42.3%) | −$122 (-6.2%) | $1,575 – $1,850 | 3 |
| 1BR | $1,300 | $0 (0.0%) | −$672 (-34.1%) | $1,300 – $1,300 | 1 |
| 2BR | $3,100 | +$300 (+10.7%) | +$350 (+12.7%) | $3,100 – $3,100 | 1 |
| 2BR | $3,100 | +$300 (+10.7%) | +$350 (+12.7%) | $3,100 – $3,100 | 1 |
| 3BR | $2,300 | −$600 (-20.7%) | — | $2,300 – $2,300 | 1 |
| 3BR | $2,300 | −$600 (-20.7%) | — | $2,300 – $2,300 | 1 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — February 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,850 | $2,200 | −$349 (-15.9%) |
| 1BR | $1,300 | $2,200 | −$899 (-40.9%) |
| 2BR | $3,100 | $2,695 | +$405 (+15.0%) |
| 2BR | $3,100 | $2,695 | +$405 (+15.0%) |
| 3BR | $2,300 | $3,200 | −$900 (-28.1%) |
| 3BR | $2,300 | $3,200 | −$900 (-28.1%) |
| 4BR | $3,500 | $3,800 | −$300 (-7.9%) |
| 4BR | $3,500 | $3,800 | −$300 (-7.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.