Monthly Rent Report
Richmond Hill Rent Report — December 2024
Asking rents in ZIP 11418, New York City, from 16 listings.
Median 1BR rent in Richmond Hill was $2,900 in December 2024, up 3.6% (+$100) from November 2024 and up 31.8% year-over-year. The middle half of 1BR listings asked between $2,900 and $2,900. That puts Richmond Hill $421 above the New York City citywide 1BR median of $2,480. The month's figures are based on 16 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,250 | +$4,555 (+268.7%) | +$4,500 (+257.1%) | $4,500 – $8,000 | 4 |
| 1BR | $2,900 | +$100 (+3.6%) | +$700 (+31.8%) | $2,900 – $2,900 | 2 |
| 2BR | $3,050 | +$150 (+5.2%) | +$455 (+17.5%) | $3,050 – $3,050 | 1 |
| 2BR | $3,050 | +$150 (+5.2%) | +$455 (+17.5%) | $3,050 – $3,050 | 1 |
| 3BR | $2,900 | −$100 (-3.4%) | +$25 (+0.9%) | $2,849 – $2,950 | 4 |
| 3BR | $2,900 | −$100 (-3.4%) | +$25 (+0.9%) | $2,874 – $2,925 | 2 |
| 4BR | $6,000 | +$900 (+17.6%) | — | $6,000 – $6,000 | 1 |
| 4BR | $6,000 | +$900 (+17.6%) | — | $6,000 – $6,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Richmond Hill vs. New York City — December 2024
| Bedrooms | Richmond Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,250 | $2,525 | +$3,725 (+147.5%) |
| 1BR | $2,900 | $2,480 | +$421 (+17.0%) |
| 2BR | $3,050 | $2,975 | +$75 (+2.5%) |
| 2BR | $3,050 | $2,975 | +$75 (+2.5%) |
| 3BR | $2,900 | $3,546 | −$646 (-18.2%) |
| 3BR | $2,900 | $3,546 | −$646 (-18.2%) |
| 4BR | $6,000 | $4,150 | +$1,850 (+44.6%) |
| 4BR | $6,000 | $4,150 | +$1,850 (+44.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.