Monthly Rent Report
SoHo Rent Report — January 2023
Asking rents in ZIP 10012, New York City, from 336 listings.
Median 1BR rent in SoHo was $4,345 in January 2023, up 1.2% (+$50) from December 2022. The middle half of 1BR listings asked between $4,320 and $4,370. That puts SoHo $2,056 above the New York City citywide 1BR median of $2,289. The month's figures are based on 336 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | +$653 (+23.7%) | — | $3,200 – $3,450 | 9 |
| Studio | $3,425 | +$678 (+24.7%) | — | $3,400 – $4,238 | 10 |
| Studio | $3,000 | +$253 (+9.2%) | — | $2,998 – $3,400 | 15 |
| 1BR | $4,345 | +$50 (+1.2%) | — | $4,320 – $4,370 | 2 |
| 1BR | $4,295 | $0 (0.0%) | — | $3,995 – $4,995 | 81 |
| 1BR | $3,495 | −$800 (-18.6%) | — | $3,250 – $4,413 | 56 |
| 2BR | $4,295 | −$1,152 (-21.2%) | — | $4,145 – $4,545 | 3 |
| 2BR | $7,500 | +$2,053 (+37.7%) | — | $4,895 – $13,000 | 65 |
| 2BR | $6,500 | +$1,053 (+19.3%) | — | $4,495 – $8,610 | 57 |
| 3BR | $5,950 | +$355 (+6.3%) | — | $5,950 – $5,950 | 2 |
| 3BR | $6,900 | +$1,305 (+23.3%) | — | $5,746 – $7,750 | 16 |
| 3BR | $11,995 | +$6,400 (+114.4%) | — | $5,635 – $13,750 | 11 |
| 4BR | $18,000 | +$8,191 (+83.5%) | — | $18,000 – $18,000 | 2 |
| 4BR | $18,000 | +$8,191 (+83.5%) | — | $18,000 – $18,000 | 1 |
| 4BR | $18,000 | +$8,191 (+83.5%) | — | $18,000 – $18,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — January 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,197 | +$1,203 (+54.8%) |
| Studio | $3,425 | $2,197 | +$1,228 (+55.9%) |
| Studio | $3,000 | $2,197 | +$803 (+36.5%) |
| 1BR | $4,345 | $2,289 | +$2,056 (+89.8%) |
| 1BR | $4,295 | $2,289 | +$2,006 (+87.6%) |
| 1BR | $3,495 | $2,289 | +$1,206 (+52.7%) |
| 2BR | $4,295 | $2,700 | +$1,595 (+59.1%) |
| 2BR | $7,500 | $2,700 | +$4,800 (+177.8%) |
| 2BR | $6,500 | $2,700 | +$3,800 (+140.7%) |
| 3BR | $5,950 | $3,200 | +$2,750 (+85.9%) |
| 3BR | $6,900 | $3,200 | +$3,700 (+115.6%) |
| 3BR | $11,995 | $3,200 | +$8,795 (+274.8%) |
| 4BR | $18,000 | $3,861 | +$14,139 (+366.2%) |
| 4BR | $18,000 | $3,861 | +$14,139 (+366.2%) |
| 4BR | $18,000 | $3,861 | +$14,139 (+366.2%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.