Monthly Rent Report
Richmond Hill Rent Report — October 2024
Asking rents in ZIP 11418, New York City, from 11 listings.
Median 1BR rent in Richmond Hill was $2,200 in October 2024, down 14.9% (−$384) from September 2024 and up 12.8% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,200. That puts Richmond Hill $106 below the New York City citywide 1BR median of $2,306. The month's figures are based on 11 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,500 | +$4,015 (+161.6%) | +$4,403 (+210.0%) | $4,125 – $8,050 | 4 |
| 1BR | $2,200 | −$384 (-14.9%) | +$250 (+12.8%) | $2,200 – $2,200 | 1 |
| 2BR | $3,000 | −$300 (-9.1%) | +$405 (+15.6%) | $2,741 – $3,000 | 3 |
| 3BR | $2,700 | −$400 (-12.9%) | −$150 (-5.3%) | $2,700 – $2,700 | 1 |
| 4BR | $5,250 | $0 (0.0%) | — | $4,375 – $6,125 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — October 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,500 | $2,550 | +$3,950 (+154.9%) |
| 1BR | $2,200 | $2,306 | −$106 (-4.6%) |
| 2BR | $3,000 | $2,914 | +$87 (+3.0%) |
| 3BR | $2,700 | $3,519 | −$819 (-23.3%) |
| 4BR | $5,250 | $4,100 | +$1,150 (+28.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.