Ridgewood tops list of NYC neighborhoods to watch in 2024

Real estate listing platform StreetEasy kicked off 2024 by revealing its 10 NYC Neighborhoods to Watch in 2024 report. Queens reigned supreme, with five out of ten neighborhoods on the list located in the city’s largest borough. Ridgewood took first place, with StreetEasy noting that buyer and renter searches in Ridgewood jumped 10.7% from 2022 to 2023.

Per the report, 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. Lower price points, more square footage, and plenty of lively restaurants, bars, and vintage shops also are driving popularity in Ridgewood. Amid rising buyer interest, Ridgewood’s median asking price held steady at $1,149,500 in 2023, the same as 2022.

The report also predicts that Manhattan will start to regain popularity among renters this year as its rental prices begin to drop, with neighborhoods like SoHo and the Upper East Side taking the lead. Hunters Point, Queens ranked as the second neighborhood to watch this year while Hudson Square in Manhattan ranked third place.