Monthly Rent Report
SoHo Rent Report — July 2024
Asking rents in ZIP 10012, New York City, from 279 listings.
Median 1BR rent in SoHo was $4,175 in July 2024, down 1.8% (−$75) from June 2024 and up 6.7% year-over-year. The middle half of 1BR listings asked between $3,850 and $5,000. That puts SoHo $1,675 above the New York City citywide 1BR median of $2,500. The month's figures are based on 279 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,650 | −$750 (-17.0%) | +$250 (+7.4%) | $3,150 – $4,400 | 9 |
| Studio | $4,400 | $0 (0.0%) | +$1,000 (+29.4%) | $4,400 – $4,800 | 39 |
| Studio | $3,850 | −$550 (-12.5%) | +$450 (+13.2%) | $3,300 – $4,500 | 33 |
| 1BR | $4,175 | −$75 (-1.8%) | +$263 (+6.7%) | $3,850 – $5,000 | 25 |
| 1BR | $5,340 | +$1,090 (+25.6%) | +$1,428 (+36.5%) | $4,495 – $6,400 | 98 |
| 1BR | $4,595 | +$345 (+8.1%) | +$683 (+17.4%) | $4,595 – $4,595 | 2 |
| 2BR | $12,500 | +$6,600 (+111.9%) | +$6,975 (+126.2%) | $12,500 – $12,500 | 2 |
| 2BR | $4,895 | −$1,005 (-17.0%) | −$630 (-11.4%) | $4,895 – $4,895 | 1 |
| 2BR | $6,050 | +$150 (+2.5%) | +$525 (+9.5%) | $4,398 – $6,496 | 44 |
| 3BR | $8,300 | +$1,330 (+19.1%) | +$50 (+0.6%) | $6,391 – $11,500 | 9 |
| 3BR | $6,599 | −$371 (-5.3%) | −$1,651 (-20.0%) | $6,287 – $6,995 | 8 |
| 3BR | $8,500 | +$1,530 (+22.0%) | +$250 (+3.0%) | $8,175 – $8,725 | 3 |
| 4BR | $9,000 | −$5,000 (-35.7%) | −$10,995 (-55.0%) | $8,400 – $14,498 | 3 |
| 4BR | $13,000 | −$1,000 (-7.1%) | −$6,995 (-35.0%) | $13,000 – $13,000 | 1 |
| 4BR | $17,400 | +$3,400 (+24.3%) | −$2,595 (-13.0%) | $17,400 – $17,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — July 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,650 | $2,800 | +$850 (+30.4%) |
| Studio | $4,400 | $2,800 | +$1,600 (+57.1%) |
| Studio | $3,850 | $2,800 | +$1,050 (+37.5%) |
| 1BR | $4,175 | $2,500 | +$1,675 (+67.0%) |
| 1BR | $5,340 | $2,500 | +$2,840 (+113.6%) |
| 1BR | $4,595 | $2,500 | +$2,095 (+83.8%) |
| 2BR | $12,500 | $3,000 | +$9,500 (+316.7%) |
| 2BR | $4,895 | $3,000 | +$1,895 (+63.2%) |
| 2BR | $6,050 | $3,000 | +$3,050 (+101.7%) |
| 3BR | $8,300 | $3,606 | +$4,694 (+130.2%) |
| 3BR | $6,599 | $3,606 | +$2,993 (+83.0%) |
| 3BR | $8,500 | $3,606 | +$4,894 (+135.7%) |
| 4BR | $9,000 | $4,500 | +$4,500 (+100.0%) |
| 4BR | $13,000 | $4,500 | +$8,500 (+188.9%) |
| 4BR | $17,400 | $4,500 | +$12,900 (+286.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.