Monthly Rent Report
Richmond Hill Rent Report — July 2024
Asking rents in ZIP 11418, New York City, from 39 listings.
Median 1BR rent in Richmond Hill was $2,768 in July 2024, up 2.5% (+$68) from June 2024 and up 10.7% year-over-year. The middle half of 1BR listings asked between $2,338 and $3,103. That puts Richmond Hill $268 above the New York City citywide 1BR median of $2,500. The month's figures are based on 39 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,485 | +$635 (+34.3%) | +$485 (+24.3%) | $2,083 – $2,485 | 3 |
| Studio | $1,850 | $0 (0.0%) | −$150 (-7.5%) | $1,850 – $1,850 | 1 |
| 1BR | $2,768 | +$68 (+2.5%) | +$268 (+10.7%) | $2,338 – $3,103 | 6 |
| 1BR | $2,100 | −$600 (-22.2%) | −$400 (-16.0%) | $2,000 – $2,200 | 2 |
| 1BR | $2,300 | −$400 (-14.8%) | −$200 (-8.0%) | $2,100 – $2,600 | 3 |
| 2BR | $2,000 | $0 (0.0%) | −$750 (-27.3%) | $2,000 – $2,000 | 1 |
| 2BR | $1,650 | −$350 (-17.5%) | −$1,100 (-40.0%) | $1,650 – $1,650 | 1 |
| 2BR | $3,400 | +$1,400 (+70.0%) | +$650 (+23.6%) | $3,400 – $3,400 | 1 |
| 2BR | $3,400 | +$1,400 (+70.0%) | +$650 (+23.6%) | $3,400 – $3,400 | 1 |
| 3BR | $3,375 | +$28 (+0.8%) | +$475 (+16.4%) | $3,375 – $3,375 | 1 |
| 3BR | $3,100 | −$247 (-7.4%) | +$200 (+6.9%) | $3,000 – $3,195 | 9 |
| 3BR | $3,098 | −$250 (-7.5%) | +$198 (+6.8%) | $3,000 – $3,271 | 4 |
| 4BR | $5,975 | −$1,025 (-14.6%) | — | $5,463 – $6,488 | 2 |
| 4BR | $5,975 | −$1,025 (-14.6%) | — | $4,861 – $7,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — July 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,485 | $2,800 | −$315 (-11.3%) |
| Studio | $1,850 | $2,800 | −$950 (-33.9%) |
| 1BR | $2,768 | $2,500 | +$268 (+10.7%) |
| 1BR | $2,100 | $2,500 | −$400 (-16.0%) |
| 1BR | $2,300 | $2,500 | −$200 (-8.0%) |
| 2BR | $2,000 | $3,000 | −$1,000 (-33.3%) |
| 2BR | $1,650 | $3,000 | −$1,350 (-45.0%) |
| 2BR | $3,400 | $3,000 | +$400 (+13.3%) |
| 2BR | $3,400 | $3,000 | +$400 (+13.3%) |
| 3BR | $3,375 | $3,606 | −$231 (-6.4%) |
| 3BR | $3,100 | $3,606 | −$506 (-14.0%) |
| 3BR | $3,098 | $3,606 | −$508 (-14.1%) |
| 4BR | $5,975 | $4,500 | +$1,475 (+32.8%) |
| 4BR | $5,975 | $4,500 | +$1,475 (+32.8%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.