Monthly Rent Report
Richmond Hill Rent Report — August 2023
Asking rents in ZIP 11418, New York City, from 15 listings.
Median 1BR rent in Richmond Hill was $2,600 in August 2023, up 29.2% (+$588) from July 2023 and up 44.4% year-over-year. The middle half of 1BR listings asked between $2,600 and $2,600. That puts Richmond Hill $250 above the New York City citywide 1BR median of $2,350. The month's figures are based on 15 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,600 | +$588 (+29.2%) | +$800 (+44.4%) | $2,600 – $2,600 | 1 |
| 1BR | $2,300 | +$288 (+14.3%) | +$500 (+27.8%) | $2,200 – $2,400 | 2 |
| 1BR | $2,500 | +$488 (+24.2%) | +$700 (+38.9%) | $2,500 – $2,500 | 1 |
| 2BR | $2,525 | −$225 (-8.2%) | −$575 (-18.5%) | $2,288 – $2,838 | 4 |
| 2BR | $2,250 | −$500 (-18.2%) | −$850 (-27.4%) | $2,250 – $2,250 | 1 |
| 2BR | $2,750 | $0 (0.0%) | −$350 (-11.3%) | $2,638 – $2,838 | 4 |
| 3BR | $2,800 | $0 (0.0%) | — | $2,800 – $2,800 | 1 |
| 3BR | $2,400 | −$400 (-14.3%) | — | $2,400 – $2,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — August 2023
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,600 | $2,350 | +$250 (+10.6%) |
| 1BR | $2,300 | $2,350 | −$50 (-2.1%) |
| 1BR | $2,500 | $2,350 | +$150 (+6.4%) |
| 2BR | $2,525 | $2,859 | −$334 (-11.7%) |
| 2BR | $2,250 | $2,859 | −$609 (-21.3%) |
| 2BR | $2,750 | $2,859 | −$109 (-3.8%) |
| 3BR | $2,800 | $3,413 | −$612 (-17.9%) |
| 3BR | $2,400 | $3,413 | −$1,012 (-29.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.