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
1872 Menahan Street
$3,300No Fee
2 |
1.5
Ridgewood
1657 Norman Street
$2,895No Fee
2 |
1
Ridgewood
2020 Grove Street
$2,350No Fee
1 |
1
Ridgewood
176 Woodward Avenue
$2,553No Fee
Studio |
1
Ridgewood
18-20 Palmetto Street
$3,995No Fee
4 |
2
Ridgewood
176 Woodward Avenue
$2,954No Fee
1 |
1
Ridgewood
1821 Palmetto Street
$2,900No Fee
3 |
1
Ridgewood
19-20 Stanhope Street
$4,450No Fee
4 |
3
Ridgewood
1703 Himrod Street
$3,700No Fee
3 |
1
Ridgewood
1635 Putnam Avenue
$3,700No Fee
3 |
1
Ridgewood
1703 Himrod Street
$4,250No Fee
4 |
2
Ridgewood
17-11 Hancock Street
$3,112No 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
5-49 Borden Avenue
$1,395,000
2 |
2
Hunters Point
11-12 44 Drive
$999,000
1 |
1
Hunters Point
13-33 Jackson Avenue
$2,800,000
3 |
3
Hunters Point
11-02 49th Avenue
$1,395,000
2 |
2
Hunters Point
3 Court Square
$2,882,709
3 |
2.5
Hunters Point
3 Court Square
$1,204,865
1 |
1
Hunters Point
45-10 11th Street
$3,600,000
6 |
3
Hunters Point
27-21 44 Drive
$958,000
1 |
1
Hunters Point
45-30 Pearson Street
$830,000
Studio |
1
Hunters Point
26-26 Jackson Avenue
$880,000
1 |
1
Hunters Point
5 Court Square West
$899,888
1 |
1
Hunters Point
45-44 Vernon Boulevard
$5,000,000
4 |
4.5
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
111 Varick Street
$5,800No Fee
Studio |
1
Hudson Square
554 Broome Street
$35,000No Fee
3 |
4.5
Hudson Square
111 Varick Street
$18,995No Fee
2 |
2.5
Hudson Square
185 West Houston Street
$5,495No Fee
1 |
1
Hudson Square
111 Varick Street
$8,600No Fee
1 |
1.5
Hudson Square
102 Charlton Street
$19,250No Fee
3 |
3.5
Hudson Square
77 Charlton Street
$7,450No Fee
1 |
1
Hudson Square
487 Greenwich Street
$20,000No Fee
3 |
2.5
Hudson Square
100 Vandam Street
$25,000No Fee
4 |
3.5
Hudson Square
18 King Street
$5,300No Fee
3 |
1
Hudson Square
18 King Street
$3,700No Fee
2 |
1
Hudson Square
550 Broome Street
$7,995No Fee
3 |
1.5
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
88-10 32nd Avenue
$348,000
2 |
1
Jackson Heights
32-45 88th Street
$259,000
1 |
1
Jackson Heights
85-10 34th Avenue
$585,000
2 |
1
Jackson Heights
37-21 80th Street
$285,000
1 |
1
Jackson Heights
90-11 35th Avenue
$285,000
1 |
1
Jackson Heights
78-10 34th Avenue
$550,000
2 |
1
Jackson Heights
32-42 71st Street
$1,325,000
7 |
3
Jackson Heights
35-05 72nd Street
$449,999
1 |
1
Jackson Heights
35-15 84th Street
$750,000
2 |
2
Jackson Heights
37-27 86th Street
$325,000
1 |
1
Jackson Heights
76-15 35th Avenue
$600,000
1 |
1
Jackson Heights
35-50 78th Street
$769,000
2 |
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
4915 Fifth Avenue
$3,500No Fee
4 |
2
Sunset Park
515 40th Street
$3,500No Fee
4 |
1
Sunset Park
230 54th Street
$1,995No Fee
1 |
1
Sunset Park
355 63rd Street
$1,999No Fee
1 |
1
Sunset Park
6020 3rd Avenue
$3,050No Fee
2 |
2
Sunset Park
406 43rd Street
$2,850No Fee
2 |
2
Sunset Park
533 59th Street
$2,400No Fee
2 |
1
Sunset Park
429 43rd Street
$2,650No Fee
2 |
2
Sunset Park
505 62nd Street
$1,972No Fee
1 |
1
Sunset Park
458 59th Street
$2,500No Fee
2 |
1
Sunset Park
602 39th Street
$2,800No Fee
3 |
2
Sunset Park
761 44th Street
$2,350No 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
83-40 Austin Street
$269,888
1 |
1
Kew Gardens
83-40 Austin Street
$369,000
2 |
1
Kew Gardens
116-11 Curzon Road
$755,000
2 |
2
Kew Gardens
125-10 Queens Boulevard
$289,000
1 |
1
Kew Gardens
117-01 Park Lane South
$605,000
2 |
2
Kew Gardens
125-10 Queens Boulevard
$289,000
1 |
1
Kew Gardens
123-35 82 Road
$279,000
2 |
1
Kew Gardens
115-25 Metropolitan Avenue
$499,000
2 |
1
Kew Gardens
83-74 Talbot Street
$475,000
2 |
1
Kew Gardens
132-47 Metropolitan Avenue
$585,000
2 |
2
Kew Gardens
132-47 Metropolitan Avenue
$385,000
1 |
1
Kew Gardens
123-35 82 Road
$279,000
1 |
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
58-06 31st Avenue
$2,600No Fee
1 |
1
Woodside
42-39 65th Street
$2,400No Fee
1 |
1
Woodside
37-20 68th Street
$4,000No Fee
3 |
2
Woodside
32-11 60th Street
$2,650No Fee
2 |
2
Woodside
46-09 69th Street
$3,300No Fee
1 |
1
Woodside
52-05 Queens Boulevard
$2,000No Fee
Studio |
1
Woodside
70-33 45th Avenue
$3,699No Fee
3 |
2
Woodside
40-48 61st Street
$3,200No Fee
3 |
1
Woodside
28-37 56 Place
$4,350No Fee
4 |
2.5
Woodside
46-09 69th Street
$2,505No Fee
Studio |
1
Woodside
70-09 45th Avenue
$3,200No Fee
2 |
2
Woodside
37-20 68th Street
$1,850No Fee
1 |
1
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
209 19th Street
$2,150,000
5 |
3
Greenwood
272 19th Street
$849,000
1 |
1
Greenwood
351 22nd Street
$2,999,999
4 |
3.5
Greenwood
210 24th Street
$2,500,000
4 |
3.5
Greenwood
819 Fifth Avenue
$1,700,000
8 |
4
Greenwood
248 17th Street
$2,495,000
3 |
2.5
Greenwood
248 17th Street
$1,249,000
2 |
1
Greenwood
684 Fifth Avenue
$3,850,000
3 |
2
Greenwood
238 26th Street
$1,950,000
7 |
7
Greenwood
135 18th Street
$1,350,000
4 |
3
Greenwood
150A 30th Street
$1,995,000
4 |
3.5
Greenwood
152 31st Street
$1,350,000
3 |
3
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
639 East 28th Street
$3,495No Fee
2 |
2
Flatbush
177 Veronica Place
$2,750No Fee
2 |
1
Flatbush
639 East 28th Street
$2,500No Fee
1 |
1
Flatbush
458 East 25th Street
$3,200No Fee
2 |
1
Flatbush
797 Flatbush Avenue
$3,599No Fee
2 |
2
Flatbush
186 Lenox Road
$2,740No Fee
2 |
1
Flatbush
335 Linden Boulevard
$3,750No Fee
2 |
2
Flatbush
335 Linden Boulevard
$2,850No Fee
1 |
1
Flatbush
373 East 28th Street
$2,700No Fee
2 |
1
Flatbush
144 Woodruff Avenue
$3,500No Fee
3 |
1.5
Flatbush
325 East 32nd Street
$3,795No Fee
4 |
2
Flatbush
2812 Church Avenue
$2,195No Fee
2 |
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
65 East 96th Street
$2,999,000
3 |
2.5
Carnegie Hill
1150 Park Avenue
$1,300,000
2 |
1
Carnegie Hill
19 East 88th Street
$6,800,000
3 |
2.5
Carnegie Hill
1060 Park Avenue
$1,995,000
2 |
1.5
Carnegie Hill
49 East 86th Street
$2,650,000
2 |
3
Carnegie Hill
1349 Lexington Avenue
$2,100,000
4 |
2
Carnegie Hill
19 East 88th Street
$3,000,000
3 |
2.5
Carnegie Hill
161 East 90th Street
$730,000
1 |
1.5
Carnegie Hill
1295 Madison Avenue
$1,050,000
Studio |
1
Carnegie Hill
1049 Park Avenue
$1,250,000
3 |
2
Carnegie Hill
1281 Madison Avenue
$3,195,000
2 |
2.5
Carnegie Hill
180 East 88th Street
$3,560,000
2 |
2.5
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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