Monthly Rent Report
SoHo Rent Report — February 2023
Asking rents in ZIP 10012, New York City, from 194 listings.
Median 1BR rent in SoHo was $4,200 in February 2023, up 20.2% (+$705) from January 2023. The middle half of 1BR listings asked between $3,995 and $5,400. That puts SoHo $2,001 above the New York City citywide 1BR median of $2,200. The month's figures are based on 194 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,995 | +$1,995 (+66.5%) | — | $4,995 – $4,995 | 1 |
| Studio | $3,250 | +$250 (+8.3%) | — | $2,995 – $4,500 | 13 |
| Studio | $3,595 | +$595 (+19.8%) | — | $3,595 – $3,595 | 1 |
| 1BR | $4,200 | +$705 (+20.2%) | — | $3,995 – $5,400 | 21 |
| 1BR | $3,895 | +$400 (+11.4%) | — | $3,425 – $4,495 | 47 |
| 1BR | $4,200 | +$705 (+20.2%) | — | $4,200 – $4,200 | 2 |
| 2BR | $7,650 | +$1,150 (+17.7%) | — | $6,438 – $11,000 | 20 |
| 2BR | $4,095 | −$2,405 (-37.0%) | — | $4,095 – $4,095 | 1 |
| 2BR | $6,195 | −$305 (-4.7%) | — | $4,700 – $8,500 | 45 |
| 3BR | $9,995 | +$4,045 (+68.0%) | — | $5,786 – $14,375 | 16 |
| 3BR | $11,995 | +$6,045 (+101.6%) | — | $5,295 – $18,000 | 17 |
| 3BR | $3,595 | −$2,355 (-39.6%) | — | $3,595 – $3,595 | 1 |
| 4BR | $9,637 | −$8,363 (-46.5%) | — | $9,637 – $9,637 | 2 |
| 4BR | $9,616 | −$8,384 (-46.6%) | — | $8,395 – $9,637 | 6 |
| 4BR | $9,595 | −$8,405 (-46.7%) | — | $9,595 – $9,595 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — February 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,995 | $2,260 | +$2,735 (+121.0%) |
| Studio | $3,250 | $2,260 | +$990 (+43.8%) |
| Studio | $3,595 | $2,260 | +$1,335 (+59.1%) |
| 1BR | $4,200 | $2,200 | +$2,001 (+91.0%) |
| 1BR | $3,895 | $2,200 | +$1,696 (+77.1%) |
| 1BR | $4,200 | $2,200 | +$2,001 (+91.0%) |
| 2BR | $7,650 | $2,695 | +$4,955 (+183.9%) |
| 2BR | $4,095 | $2,695 | +$1,400 (+51.9%) |
| 2BR | $6,195 | $2,695 | +$3,500 (+129.9%) |
| 3BR | $9,995 | $3,200 | +$6,795 (+212.3%) |
| 3BR | $11,995 | $3,200 | +$8,795 (+274.8%) |
| 3BR | $3,595 | $3,200 | +$395 (+12.3%) |
| 4BR | $9,637 | $3,800 | +$5,837 (+153.6%) |
| 4BR | $9,616 | $3,800 | +$5,816 (+153.1%) |
| 4BR | $9,595 | $3,800 | +$5,795 (+152.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.