Monthly Rent Report
Richmond Hill Rent Report — July 2023
Asking rents in ZIP 11418, New York City, from 20 listings.
Median 1BR rent in Richmond Hill was $2,500 in July 2023, up 19.6% (+$410) from June 2023 and up 38.9% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,700. That puts Richmond Hill $50 above the New York City citywide 1BR median of $2,450. The month's figures are based on 20 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | +$5 (+0.3%) | — | $1,750 – $2,250 | 2 |
| 1BR | $2,500 | +$410 (+19.6%) | +$700 (+38.9%) | $2,100 – $2,700 | 3 |
| 1BR | $2,013 | −$77 (-3.7%) | +$213 (+11.8%) | $1,969 – $2,056 | 2 |
| 1BR | $2,100 | +$10 (+0.5%) | +$300 (+16.7%) | $1,925 – $2,500 | 5 |
| 2BR | $3,025 | +$925 (+44.0%) | — | $2,888 – $3,163 | 2 |
| 2BR | $3,300 | +$1,200 (+57.1%) | — | $3,300 – $3,300 | 1 |
| 2BR | $2,750 | +$650 (+31.0%) | — | $2,750 – $2,750 | 1 |
| 3BR | $2,800 | +$150 (+5.7%) | +$600 (+27.3%) | $2,800 – $2,800 | 3 |
| 3BR | $2,900 | +$250 (+9.4%) | +$700 (+31.8%) | $2,900 – $2,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — July 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,498 | −$497 (-19.9%) |
| 1BR | $2,500 | $2,450 | +$50 (+2.0%) |
| 1BR | $2,013 | $2,450 | −$437 (-17.9%) |
| 1BR | $2,100 | $2,450 | −$350 (-14.3%) |
| 2BR | $3,025 | $2,800 | +$225 (+8.0%) |
| 2BR | $3,300 | $2,800 | +$500 (+17.9%) |
| 2BR | $2,750 | $2,800 | −$50 (-1.8%) |
| 3BR | $2,800 | $3,400 | −$600 (-17.6%) |
| 3BR | $2,900 | $3,400 | −$500 (-14.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.