Monthly Rent Report
Richmond Hill Rent Report — August 2024
Asking rents in ZIP 11418, New York City, from 17 listings.
Median 1BR rent in Richmond Hill was $2,584 in August 2024, up 12.3% (+$284) from July 2024 and up 12.3% year-over-year. The middle half of 1BR listings asked between $2,584 and $2,584. That puts Richmond Hill $194 above the New York City citywide 1BR median of $2,390. The month's figures are based on 17 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$635 (-25.6%) | — | $1,750 – $1,850 | 3 |
| 1BR | $2,584 | +$284 (+12.3%) | +$284 (+12.3%) | $2,584 – $2,584 | 2 |
| 2BR | $2,935 | −$465 (-13.7%) | +$410 (+16.2%) | $2,698 – $3,048 | 7 |
| 3BR | $3,100 | +$3 (+0.1%) | +$300 (+10.7%) | $3,100 – $3,148 | 3 |
| 4BR | $7,000 | +$1,025 (+17.2%) | — | $7,000 – $7,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — August 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $2,500 | −$650 (-26.0%) |
| 1BR | $2,584 | $2,390 | +$194 (+8.1%) |
| 2BR | $2,935 | $2,900 | +$35 (+1.2%) |
| 3BR | $3,100 | $3,603 | −$503 (-14.0%) |
| 4BR | $7,000 | $4,225 | +$2,775 (+65.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.