Monthly Rent Report
SoHo Rent Report — September 2024
Asking rents in ZIP 10012, New York City, from 129 listings.
Median 1BR rent in SoHo was $4,195 in September 2024, flat versus August 2024 and up 19.9% year-over-year. The middle half of 1BR listings asked between $4,195 and $4,195. That puts SoHo $1,802 above the New York City citywide 1BR median of $2,393. The month's figures are based on 129 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,195 | +$245 (+8.3%) | −$555 (-14.8%) | $3,195 – $3,195 | 1 |
| 1BR | $4,195 | $0 (0.0%) | +$695 (+19.9%) | $4,195 – $4,195 | 1 |
| 1BR | $5,200 | +$1,005 (+24.0%) | +$1,700 (+48.6%) | $5,000 – $5,200 | 5 |
| 2BR | $4,100 | −$2,395 (-36.9%) | −$10,200 (-71.3%) | $4,100 – $6,050 | 3 |
| 2BR | $6,450 | −$45 (-0.7%) | −$7,850 (-54.9%) | $4,750 – $12,350 | 103 |
| 3BR | $4,395 | −$2,355 (-34.9%) | −$1,882 (-30.0%) | $4,395 – $4,395 | 1 |
| 3BR | $8,800 | +$2,050 (+30.4%) | +$2,523 (+40.2%) | $8,800 – $8,800 | 5 |
| 4BR | $9,000 | −$8,750 (-49.3%) | −$1,635 (-15.4%) | $8,495 – $9,520 | 7 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
SoHo vs. New York City — September 2024
| Bedrooms | SoHo Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,195 | $2,369 | +$826 (+34.9%) |
| 1BR | $4,195 | $2,393 | +$1,802 (+75.3%) |
| 1BR | $5,200 | $2,393 | +$2,807 (+117.3%) |
| 2BR | $4,100 | $2,900 | +$1,200 (+41.4%) |
| 2BR | $6,450 | $2,900 | +$3,550 (+122.4%) |
| 3BR | $4,395 | $3,598 | +$798 (+22.2%) |
| 3BR | $8,800 | $3,598 | +$5,203 (+144.6%) |
| 4BR | $9,000 | $4,295 | +$4,705 (+109.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.