Monthly Rent Report
SoHo Rent Report — November 2023
Asking rents in ZIP 10012, New York City, from 372 listings.
Median 1BR rent in SoHo was $4,395 in November 2023, up 27.4% (+$945) from October 2023 and up 2.3% year-over-year. The middle half of 1BR listings asked between $4,395 and $4,395. That puts SoHo $1,995 above the New York City citywide 1BR median of $2,400. The month's figures are based on 372 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,795 | +$45 (+1.6%) | −$55 (-1.9%) | $2,561 – $3,000 | 30 |
| Studio | $2,595 | −$155 (-5.6%) | −$255 (-8.9%) | $2,448 – $2,645 | 3 |
| Studio | $3,000 | +$250 (+9.1%) | +$150 (+5.3%) | $2,796 – $3,441 | 26 |
| 1BR | $4,395 | +$945 (+27.4%) | +$100 (+2.3%) | $4,395 – $4,395 | 1 |
| 1BR | $7,650 | +$4,200 (+121.7%) | +$3,355 (+78.1%) | $5,475 – $9,825 | 2 |
| 1BR | $3,773 | +$323 (+9.3%) | −$522 (-12.2%) | $3,390 – $4,395 | 106 |
| 2BR | $3,550 | −$13,350 (-79.0%) | −$14,450 (-80.3%) | $3,550 – $3,550 | 2 |
| 2BR | $5,000 | −$11,900 (-70.4%) | −$13,000 (-72.2%) | $4,331 – $11,000 | 102 |
| 2BR | $9,500 | −$7,400 (-43.8%) | −$8,500 (-47.2%) | $4,300 – $10,500 | 12 |
| 3BR | $4,590 | −$90 (-1.9%) | −$7,785 (-62.9%) | $4,590 – $4,590 | 1 |
| 3BR | $14,500 | +$9,820 (+209.8%) | +$2,125 (+17.2%) | $5,450 – $16,005 | 30 |
| 3BR | $12,500 | +$7,820 (+167.1%) | +$125 (+1.0%) | $12,500 – $16,500 | 14 |
| 4BR | $6,300 | $0 (0.0%) | −$3,200 (-33.7%) | $6,300 – $9,075 | 18 |
| 4BR | $6,300 | $0 (0.0%) | −$3,200 (-33.7%) | $6,300 – $7,621 | 8 |
| 4BR | $7,050 | +$750 (+11.9%) | −$2,450 (-25.8%) | $6,075 – $9,075 | 10 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
SoHo vs. New York City — November 2023
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,795 | $2,395 | +$400 (+16.7%) |
| Studio | $2,595 | $2,395 | +$200 (+8.4%) |
| Studio | $3,000 | $2,395 | +$605 (+25.3%) |
| 1BR | $4,395 | $2,400 | +$1,995 (+83.1%) |
| 1BR | $7,650 | $2,400 | +$5,250 (+218.8%) |
| 1BR | $3,773 | $2,400 | +$1,373 (+57.2%) |
| 2BR | $3,550 | $2,798 | +$753 (+26.9%) |
| 2BR | $5,000 | $2,798 | +$2,203 (+78.7%) |
| 2BR | $9,500 | $2,798 | +$6,703 (+239.6%) |
| 3BR | $4,590 | $3,300 | +$1,290 (+39.1%) |
| 3BR | $14,500 | $3,300 | +$11,200 (+339.4%) |
| 3BR | $12,500 | $3,300 | +$9,200 (+278.8%) |
| 4BR | $6,300 | $4,199 | +$2,101 (+50.0%) |
| 4BR | $6,300 | $4,199 | +$2,101 (+50.0%) |
| 4BR | $7,050 | $4,199 | +$2,851 (+67.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.