Monthly Rent Report
West Farms Rent Report — January 2023
Asking rents in ZIP 10460, New York City, from 84 listings.
Median 1BR rent in West Farms was $1,400 in January 2023, down 20.0% (−$350) from December 2022 and down 9.7% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts West Farms $889 below the New York City citywide 1BR median of $2,289. The month's figures are based on 84 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | +$428 (+24.2%) | +$1,000 (+83.3%) | $2,154 – $2,200 | 3 |
| Studio | $2,154 | +$382 (+21.5%) | +$954 (+79.5%) | $1,918 – $2,200 | 8 |
| 1BR | $1,400 | −$350 (-20.0%) | −$150 (-9.7%) | $1,400 – $1,400 | 1 |
| 1BR | $2,000 | +$250 (+14.3%) | +$450 (+29.0%) | $1,600 – $2,218 | 21 |
| 2BR | $2,200 | −$150 (-6.4%) | −$200 (-8.3%) | $2,200 – $2,200 | 1 |
| 2BR | $2,100 | −$250 (-10.6%) | −$300 (-12.5%) | $1,995 – $2,275 | 23 |
| 3BR | $2,450 | −$150 (-5.8%) | −$209 (-7.9%) | $2,450 – $2,450 | 1 |
| 3BR | $2,805 | +$205 (+7.9%) | +$146 (+5.5%) | $2,599 – $3,084 | 26 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
West Farms vs. New York City — January 2023
| Bedrooms | West Farms Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $2,197 | +$3 (+0.1%) |
| Studio | $2,154 | $2,197 | −$43 (-2.0%) |
| 1BR | $1,400 | $2,289 | −$889 (-38.8%) |
| 1BR | $2,000 | $2,289 | −$289 (-12.6%) |
| 2BR | $2,200 | $2,700 | −$500 (-18.5%) |
| 2BR | $2,100 | $2,700 | −$600 (-22.2%) |
| 3BR | $2,450 | $3,200 | −$750 (-23.4%) |
| 3BR | $2,805 | $3,200 | −$395 (-12.3%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.