Monthly Rent Report
Richmond Hill Rent Report — May 2023
Asking rents in ZIP 11418, New York City, from 16 listings.
Median 1BR rent in Richmond Hill was $1,275 in May 2023, down 32.0% (−$599) from April 2023 and down 39.3% year-over-year. The middle half of 1BR listings asked between $1,238 and $1,313. That puts Richmond Hill $1,202 below the New York City citywide 1BR median of $2,477. The month's figures are based on 16 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,950 | +$1,165 (+65.3%) | — | $2,950 – $2,950 | 2 |
| Studio | $2,950 | +$1,165 (+65.3%) | — | $2,950 – $2,950 | 2 |
| 1BR | $1,275 | −$599 (-32.0%) | −$825 (-39.3%) | $1,238 – $1,313 | 2 |
| 1BR | $2,238 | +$364 (+19.4%) | +$138 (+6.6%) | $2,238 – $2,238 | 2 |
| 1BR | $1,794 | −$80 (-4.3%) | −$306 (-14.6%) | $1,572 – $2,016 | 2 |
| 3BR | $2,700 | $0 (0.0%) | +$125 (+4.9%) | $2,700 – $2,700 | 4 |
| 3BR | $2,700 | $0 (0.0%) | +$125 (+4.9%) | $2,700 – $2,700 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — May 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,950 | $2,450 | +$500 (+20.4%) |
| Studio | $2,950 | $2,450 | +$500 (+20.4%) |
| 1BR | $1,275 | $2,477 | −$1,202 (-48.5%) |
| 1BR | $2,238 | $2,477 | −$239 (-9.7%) |
| 1BR | $1,794 | $2,477 | −$683 (-27.6%) |
| 3BR | $2,700 | $3,225 | −$525 (-16.3%) |
| 3BR | $2,700 | $3,225 | −$525 (-16.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.