Queens will reign supreme in 2024 after a record-breaking year for the borough in 2023, as both renters and would-be buyers looked farther from Manhattan in search of more affordability. While Queens remains hot, driven by a boom in new developments in recent years, StreetEasy® predicts Manhattan will start to regain popularity among renters this year as its rental prices begin to drop. Trendy sub-neighborhoods of ever-popular areas like SoHo and the Upper East Side will take the lead in the borough.
We define our top 10 NYC neighborhoods to watch in 2024 as those that saw the greatest increases in searches on StreetEasy among buyers and renters from 2022 to 2023.
No. 1 on our list this year is Ridgewood, a Queens neighborhood northeast of Bushwick, Brooklyn. Buyer and renter searches in Ridgewood jumped 10.7% from 2022 to 2023, reflecting its growing popularity as an alternative to nearby Bushwick and Williamsburg. The median asking rent in Ridgewood was $3,000 in 2023: 31% lower than $4,400 in Williamsburg, and 8% lower than $3,250 in Bushwick. With apartments averaging at lower price points — and offering more square footage to share with roommates — compared to nearby areas, Ridgewood also ranked second on our list of the top neighborhoods for college graduates in 2023. The neighborhood boasts lively restaurants and bars in addition to vintage shops, art galleries, and bookstores. Buyers can find plenty of options, from modern condos with on-site parking to historic rowhouses with elaborate architectural details. Amid rising buyer interest, Ridgewood’s median asking price held steady at $1,149,500 in 2023, the same as 2022.
Ridgewood Rentals on StreetEasyArticle continues below
Ridgewood
2018 Palmetto Street
$3,499No Fee
1 |
1
Ridgewood
56-11 Catalpa Avenue
$3,667No Fee
3 |
1
Ridgewood
1684 Woodbine Street
$3,595No Fee
3 |
1
Ridgewood
17-11 Linden Street
$3,500No Fee
2 |
1
Ridgewood
581 Fairview Avenue
$2,895No Fee
3 |
2
Ridgewood
60-80 Catalpa Avenue
$4,500No Fee
3 |
2
Ridgewood
62-47 60 Place
$2,600No Fee
2 |
1
Ridgewood
18-72 Menahan Street
$3,100No Fee
2 |
1
Ridgewood
4-88 Grandview Avenue
$2,875No Fee
1 |
1
Ridgewood
1649 Summerfield Avenue
$3,399No Fee
3 |
2
Ridgewood
18-65 Troutman Street
$2,608No Fee
2 |
1
Ridgewood
67-05 62nd Street
$2,800No Fee
2 |
1
2. Hunters Point (Long Island City)
Coming in at No. 2 is Hunters Point, a sub-neighborhood in the southern part of Long Island City, Queens. New condo buildings are the name of the game in Hunters Point, where the $4,200 median asking rent is more in line with Manhattan than other parts of Queens. The median asking price increased by 5.8% in 2023 to just over $1.2 million, well above the borough median of $641,600. Searches in Hunters Point rose 9% year-over-year, suggesting buyers and renters are drawn to the neighborhood’s amenity-rich condos, waterfront location, and proximity to Manhattan — a commute as quick as one stop on the E, F, or 7 train. In addition to its high-rise residential buildings, Hunters Point’s primary attraction is Gantry Plaza State Park, a 12-acre green space and promenade along the East River featuring the iconic Pepsi-Cola sign and breathtaking views of Manhattan.
Hunters Point Homes for Sale on StreetEasyArticle continues below
Hunters Point
3 Court Square
$779,000
Studio |
1
Hunters Point
27-20 42 Road
$2,480,000
3 |
3
Hunters Point
27-20 42 Road
$1,240,000
2 |
1
Hunters Point
27-20 42 Road
$1,500,000
2 |
2
Hunters Point
27-20 42 Road
$985,000
1 |
1
Hunters Point
24-16 Queens Plaza South
$670,000
Studio |
1
Hunters Point
22-18 Jackson Avenue
$990,000
1 |
1
Hunters Point
46-30 21st Street
$1,750,000
2 |
2
Hunters Point
46-30 21st Street
$1,135,000
2 |
2
Hunters Point
46-30 21st Street
$1,060,000
2 |
2
Hunters Point
46-30 21st Street
$1,140,000
1 |
1
Hunters Point
46-30 21st Street
$1,025,000
2 |
2
3. Hudson Square (SoHo)
This growing sub-neighborhood of SoHo landed third on our list, boasting an 8% increase in searches from 2022 to 2023. Located in the western part of SoHo between the West Village and Tribeca, Hudson Square was officially added to the StreetEasy neighborhood database in 2017, after a rezoning in 2013 led to rapid development in the area. In just the past year, Hudson Square’s median asking price ballooned by 20.7% to nearly $3.5 million, while its median rent rose by 7.2% to $7,500, making it the most expensive neighborhood on our list. A slew of luxury condo and rental buildings, many constructed within the past five years, are propping up the neighborhood’s prices. Large employers such as Google and Disney have also set up shop in Hudson Square, further attracting residents and developers. Notable spots old and new include the legendary Ear Inn, the SoHo Playhouse, Pier 40 at Hudson River Park, and the towering, five-star Dominick Hotel. Apart from shiny new condos and office spaces, Hudson Square also contains the Charlton–King–Vandam Historic District, home to the city’s largest concentration of Federal-style and Greek Revival rowhouses built in the early 19th century.
Hudson Square Rentals on StreetEasyArticle continues below
Hudson Square
505 Greenwich Street
$6,500No Fee
1 |
1
Hudson Square
552 Broome Street
$7,900No Fee
3 |
1
Hudson Square
70 Charlton Street
$18,000No Fee
3 |
2
Hudson Square
26 King Street
$3,750No Fee
1 |
1
Hudson Square
110 Charlton Street
$8,000No Fee
1 |
1
Hudson Square
171 Sixth Avenue
$10,995No Fee
5 |
3
Hudson Square
499 Canal Street
$5,100No Fee
1 |
1
Hudson Square
100 Charlton Street
$3,350No Fee
Studio |
1
Hudson Square
110 Charlton Street
$7,995No Fee
1 |
1
Hudson Square
100 Vandam Street
$18,250No Fee
2 |
2.5
Hudson Square
171 Sixth Avenue
$11,495No Fee
4 |
2
Hudson Square
77 Charlton Street
$13,950No Fee
2 |
2.5
4. Jackson Heights
Jackson Heights, Queens ranked fourth on our list due to a 5.4% increase in buyer and renter searches in 2023. Jackson Heights is one of the most diverse neighborhoods in NYC, boasting a wide range of people, languages, and cuisines from all corners of the world. The neighborhood’s rising popularity is likely due to its more affordable price point, with a median asking price of $399,250, plus a 30-minute commute to Midtown Manhattan by subway. In the heart of the neighborhood, residents can enjoy the 34th Avenue Open Street, a 1.3-mile stretch of car-free space (the longest in the city!) with community events all year round. Travers Park, renovated in 2020, offers a spacious lawn and play areas for all age groups. Buyers can expect co-ops with ornate pre-war architecture in and around the neighborhood’s historic district, as well as single or multi-family homes with potential rental income. The median asking rent in Jackson Heights in 2023 was $2,286 — the second-lowest median rent on the list and 15% below the borough median of $2,700.
Jackson Heights Homes for Sale on StreetEasyArticle continues below
Jackson Heights
33-44 93rd Street
$310,000
1 |
1
Jackson Heights
88-10 34th Avenue
$395,000
1 |
1
Jackson Heights
37-27 86th Street
$649,999
2 |
1
Jackson Heights
77-12 35th Avenue
$469,000
1 |
1
Jackson Heights
33-24 93rd Street
$329,000
2 |
1.5
Jackson Heights
32-42 91st Street
$250,000
1 |
1
Jackson Heights
86-10 34th Avenue
$844,000
2 |
2
Jackson Heights
34-44 82nd Street
$795,000
2 |
1
Jackson Heights
32-25 88th Street
$199,000
1 |
1
Jackson Heights
37-20 81st Street
$229,000
1 |
1
Jackson Heights
88-09 Northern Boulevard
$248,000
1 |
1
Jackson Heights
34-30 78th Street
$249,000
1 |
1
5. Sunset Park
Sunset Park is the highest-ranked Brooklyn neighborhood on this year’s list, coming in at No. 5 overall with a 4.7% annual rise in searches. Located between Bay Ridge, Borough Park, and Greenwood, this waterfront neighborhood had a median asking rent of just $2,400 in 2023 — 27% below the borough median — making it a relatively affordable option for renters. Its median asking price of $1.45 million, however, is 45% higher than the Brooklyn median of $999,000. Sunset Park’s housing stock includes single- and multi-family rowhouses in various styles. These days, the area is most known for Industry City, a 35-acre, 16-building complex of office and industrial space, in addition to shops, restaurants, and bars — the result of a $450 million redevelopment beginning in the 2010s. Though Industry City is technically located in adjacent Greenwood (No. 8 on our list), it’s widely associated with Sunset Park given the proximity and blurring boundary lines of the two neighborhoods. Other highlights include a local Chinatown (the fastest-growing Chinatown in Brooklyn), the waterfront Bush Terminal Park, and the neighborhood’s namesake park with killer views of the Manhattan skyline.
Sunset Park Rentals on StreetEasyArticle continues below
Sunset Park
5723 Fifth Avenue
$2,250No Fee
1 |
1
Sunset Park
880 47th Street
$2,200No Fee
1 |
1
Sunset Park
313 52nd Street
$2,911No Fee
2 |
1
Sunset Park
465 46th Street
$2,599No Fee
3 |
1
Sunset Park
4110 Fourth Avenue
$2,200No Fee
1 |
1
Sunset Park
4024 Sixth Avenue
$3,800No Fee
2 |
2
Sunset Park
5417 Fifth Avenue
$2,400No Fee
2 |
1
Sunset Park
327 43rd Street
$2,350No Fee
2 |
1
Sunset Park
539 51st Street
$2,300No Fee
2 |
1
Sunset Park
6020 3rd Avenue
$3,095No Fee
2 |
2
Sunset Park
537 40th Street
$3,650No Fee
3 |
2
Sunset Park
313 52nd Street
$2,781No Fee
2 |
1
6. Kew Gardens
Kew Gardens, Queens, just south of Forest Hills, ranked sixth on our list. Offering plenty of green space and relatively affordable housing options, Kew Gardens saw a 3.8% year-over-year increase in searches in 2023. With a median asking price of $348,000 (46% below the borough median) and median rent of $2,270 (16% below the borough median), it’s the least expensive neighborhood on our list. Kew Gardens is known for single-family homes in the Dutch Colonial Revival and Beaux-Arts styles, while rental apartments are mostly found in condo and co-op buildings near the Long Island Rail Road or E/F subway stops. Forest Park, the third-largest park in Queens spanning 544 acres, is adjacent to the neighborhood and offers expansive space for outdoor recreation. For frequent travelers, Kew Gardens is also equidistant to both of the city’s airports: LGA and JFK.
Kew Gardens Homes for Sale on StreetEasyArticle continues below
Kew Gardens
83-71 116th Street
$629,000
2 |
1.5
Kew Gardens
123-35 82 Road
$225,000
1 |
1
Kew Gardens
132-47 Metropolitan Avenue
$410,000
1 |
1
Kew Gardens
125-10 Queens Boulevard
$627,000
4 |
3
Kew Gardens
124-28 Queens Boulevard
$488,000
1 |
1
Kew Gardens
45 Kew Gardens Road
$199,000
1 |
1
Kew Gardens
123-25 82nd Avenue
$198,000
1 |
1
Kew Gardens
84-102 Austin Street
$788,000
2 |
1
Kew Gardens
85-15 120th Street
$700,000
2 |
2
Kew Gardens
116-17 Grosvenor Lane
$660,000
2 |
1
Kew Gardens
116-17 Grosvenor Lane
$655,000
2 |
1
Kew Gardens
83-33 Austin Street
$389,000
2 |
1
7. Woodside
Woodside, Queens, is the only neighborhood that has made both our 2024 and 2023 Neighborhoods to Watch lists. Situated just west of Jackson Heights, Woodside is a great option for renters in search of affordability while maintaining a convenient commute to Manhattan, with easy access to the M, R, and 7 trains. Buyers can find a range of options: co-ops in large buildings with old-school New York charm, condos in brand new developments, and even small-scale, multi-family homes with private backyards. For rentals, Woodside boasts sprawling multi-bedroom apartments in addition to newer studios and one-bedrooms. Despite increasing 19% year-over-year in 2023, the neighborhood’s $2,500 median asking rent is still below the borough’s $2,700 median. Woodside is among the least expensive on our list for home shoppers, too, with a median asking price of $550,000.
Woodside Rentals on StreetEasyArticle continues below
Woodside
31-21 54th Street
$2,599No Fee
Studio |
1
Woodside
31-21 54th Street
$2,600No Fee
2 |
0
Woodside
60-15 Woodside Avenue
$2,200No Fee
1 |
1
Woodside
41-32 53rd Street
$2,650No Fee
Studio |
1
Woodside
66-14 Woodside Avenue
$4,000No Fee
3 |
2
Woodside
41-61 63rd Street
$4,900No Fee
3 |
3
Woodside
41-35 67th Street
$2,100No Fee
1 |
1
Woodside
72-01 Queens Boulevard
$4,260No Fee
3 |
2
Woodside
72-01 Queens Boulevard
$2,769No Fee
1 |
1
Woodside
72-01 Queens Boulevard
$2,747No Fee
1 |
1
Woodside
72-01 Queens Boulevard
$3,814No Fee
2 |
2
Woodside
72-01 Queens Boulevard
$4,243No Fee
3 |
2
8. Greenwood
Greenwood, Brooklyn, also known as Greenwood Heights, is perhaps best known for its famous cemetery, making the neighborhood the permanent home to the likes of Leonard Bernstein, Horace Greeley, Jean-Michel Basquiat, Pop Smoke, and more. Beyond the history, beauty, and views provided by the cemetery, Greenwood has lots to offer, including numerous bars, restaurants, and cafes along 4th and 5th Avenues. Nestled just between Park Slope and Sunset Park, the neighborhood is also accessible to Downtown Brooklyn, DUMBO, and Lower Manhattan via the D, N, and R trains. Greenwood’s median rent of $3,250 is just below the borough median of $3,295, while its median asking price of $1.55 million reflects the diversity of for-sale inventory in the neighborhood — from stunning new development condos to multi-family and mixed-use investment properties.
Greenwood Homes for Sale on StreetEasyArticle continues below
Greenwood
265 20th Street
$1,675,000
3 |
2
Greenwood
282 17th Street
$2,399,000
3 |
3
Greenwood
924 Fourth Avenue
$2,495,000
5 |
6.5
Greenwood
695 Sixth Avenue
$1,250,000
2 |
2
Greenwood
185 19th Street
$1,475,000
4 |
2
Greenwood
805 Fifth Avenue
$655,000
1 |
1
Greenwood
186 17th Street
$1,999,000
4 |
2
Greenwood
351 22nd Street
$2,899,999
4 |
3.5
Greenwood
639A Fifth Avenue
$1,899,000
3 |
1.5
Greenwood
181 18th Street
$1,200,000
2 |
2
Greenwood
194 30th Street
$879,000
1 |
1.5
Greenwood
194 30th Street
$1,175,000
1 |
1.5
9. Flatbush
Just south of Prospect Park, Flatbush, Brooklyn has seen a rising number of new developments in recent years, perhaps contributing to its 3.2% increase in searches year-over-year. Because of its lower price point compared to other neighborhoods surrounding the park, we also named Flatbush one of the best NYC neighborhoods for college grads in 2023. Despite its growth, Flatbush’s median rent and asking price both remain well below the borough medians, at $2,800 and $600,000 respectively. Home shoppers can find a diverse selection, ranging from co-ops with beautiful pre-war details to brand new state-of-the-art condos, as well as single- and multi-family homes in a variety of architectural styles.
Flatbush Rentals on StreetEasyArticle continues below
Flatbush
319 Lenox Road
$3,208No Fee
2 |
2
Flatbush
2484 Bedford Avenue
$3,300No Fee
3 |
2
Flatbush
800 Flatbush Avenue
$2,415No Fee
Studio |
1
Flatbush
56 East 21st Street
$3,554No Fee
1 |
1.5
Flatbush
56 East 21st Street
$3,958No Fee
2 |
1
Flatbush
2524 Albemarle Road
$2,399No Fee
1 |
1
Flatbush
73 Veronica Place
$3,204No Fee
3 |
1.5
Flatbush
1270 New York Avenue
$3,450No Fee
3 |
1.5
Flatbush
156 Erasmus Street
$3,100No Fee
2 |
1
Flatbush
830 Flatbush Avenue
$3,150No Fee
2 |
1
Flatbush
639 East 28th Street
$2,650No Fee
1 |
1
Flatbush
639 East 28th Street
$2,395No Fee
1 |
1
10. Carnegie Hill (Upper East Side)
Rounding out our list of neighborhoods to watch in 2024 is Carnegie Hill, a sub-neighborhood in the northwest corner of Manhattan’s Upper East Side. While its searches were up just 2.3% from the previous year, the median asking price jumped by 12.3% and median rent by 5.3%, indicating rising demand from buyers and renters alike. The area’s housing stock is largely made up of co-ops, but a smattering of multi-million-dollar townhouses — as well as Central Park views and proximity — contribute to the neighborhood’s $2.4 million median asking price. Carnegie Hill is home to many of the Upper East Side’s highlights, including Museum Mile and its cultural institutions such as the Met, Guggenheim, Cooper Hewitt, and Jewish Museum. Residents also love the convenience to upper Central Park, in particular the Jacqueline Kennedy Onassis Reservoir and its loop trail. The 4/5/6 subway line and various crosstown buses serve the neighborhood and provide access to the rest of Manhattan.
Carnegie Hill Homes for Sale on StreetEasyArticle continues below
Carnegie Hill
56 East 87th Street
$1,375,000
3 |
2
Carnegie Hill
1070 Park Avenue
$375,000
2 |
1
Carnegie Hill
4 East 95th Street
$475,000
3 |
2
Carnegie Hill
1070 Park Avenue
$3,250,000
3 |
3
Carnegie Hill
1050 Fifth Avenue
$2,195,000
2 |
2
Carnegie Hill
160 East 91st Street
$299,000
Studio |
1
Carnegie Hill
1289 Lexington Avenue
$6,000,000
4 |
3.5
Carnegie Hill
131 East 93rd Street
$950,000
2 |
1
Carnegie Hill
134 East 93rd Street
$1,999,000
2 |
2
Carnegie Hill
1070 Park Avenue
$2,750,000
3 |
3
Carnegie Hill
65 East 96th Street
$2,200,000
3 |
2
Carnegie Hill
1055 Park Avenue
$4,995,000
4 |
3.5
How We Did It
We identified our 10 NYC neighborhoods to watch in 2024 by ranking the areas based on annual changes in user searches on StreetEasy in 2023. For robustness, we only ranked neighborhoods that were within the top 30% by search volume and had at least 100 for-sale and 100 for-rent listings on StreetEasy between January and November 2023.
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