Monthly Rent Report
West Farms Rent Report — May 2023
Asking rents in ZIP 10460, New York City, from 62 listings.
Median 1BR rent in West Farms was $2,000 in May 2023, up 25.0% (+$400) from April 2023 and down 0.8% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts West Farms $477 below the New York City citywide 1BR median of $2,477. The month's figures are based on 62 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,000 | +$400 (+25.0%) | −$16 (-0.8%) | $2,000 – $2,000 | 1 |
| 1BR | $1,750 | +$150 (+9.4%) | −$266 (-13.2%) | $1,565 – $2,016 | 17 |
| 2BR | $2,450 | −$50 (-2.0%) | +$158 (+6.9%) | $2,200 – $2,648 | 11 |
| 2BR | $2,325 | −$175 (-7.0%) | +$33 (+1.4%) | $2,263 – $2,388 | 2 |
| 3BR | $3,050 | $0 (0.0%) | +$394 (+14.8%) | $3,000 – $3,243 | 7 |
| 3BR | $3,050 | $0 (0.0%) | +$394 (+14.8%) | $3,000 – $3,200 | 18 |
| 4BR | $3,440 | +$240 (+7.5%) | +$140 (+4.2%) | $3,440 – $3,690 | 3 |
| 4BR | $3,440 | +$240 (+7.5%) | +$140 (+4.2%) | $3,440 – $3,690 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
West Farms vs. New York City — May 2023
| Bedrooms | West Farms Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,000 | $2,477 | −$477 (-19.3%) |
| 1BR | $1,750 | $2,477 | −$727 (-29.4%) |
| 2BR | $2,450 | $2,800 | −$350 (-12.5%) |
| 2BR | $2,325 | $2,800 | −$475 (-17.0%) |
| 3BR | $3,050 | $3,225 | −$175 (-5.4%) |
| 3BR | $3,050 | $3,225 | −$175 (-5.4%) |
| 4BR | $3,440 | $4,000 | −$560 (-14.0%) |
| 4BR | $3,440 | $4,000 | −$560 (-14.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.