Monthly Rent Report
Richmond Hill Rent Report — March 2023
Asking rents in ZIP 11418, New York City, from 10 listings.
Median 1BR rent in Richmond Hill was $2,099 in March 2023, up 13.5% (+$249) from February 2023 and up 7.6% year-over-year. The middle half of 1BR listings asked between $2,099 and $2,099. That puts Richmond Hill $200 below the New York City citywide 1BR median of $2,299. The month's figures are based on 10 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | — | — | $1,595 – $1,595 | 1 |
| Studio | $1,595 | — | — | $1,595 – $1,595 | 1 |
| 1BR | $2,099 | +$249 (+13.5%) | +$149 (+7.6%) | $2,099 – $2,099 | 1 |
| 1BR | $2,150 | +$300 (+16.2%) | +$200 (+10.3%) | $2,099 – $2,295 | 5 |
| 4BR | $3,300 | −$200 (-5.7%) | — | $3,300 – $3,300 | 1 |
| 4BR | $3,300 | −$200 (-5.7%) | — | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — March 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $2,200 | −$605 (-27.5%) |
| Studio | $1,595 | $2,200 | −$605 (-27.5%) |
| 1BR | $2,099 | $2,299 | −$200 (-8.7%) |
| 1BR | $2,150 | $2,299 | −$149 (-6.5%) |
| 4BR | $3,300 | $3,995 | −$695 (-17.4%) |
| 4BR | $3,300 | $3,995 | −$695 (-17.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.