Monthly Rent Report
Borough Park Rent Report — January 2020
Asking rents in ZIP 11219, New York City, from 168 listings.
Median 1BR rent in Borough Park was $1,650 in January 2020, up 2.5% (+$40) from December 2019. The middle half of 1BR listings asked between $1,600 and $1,825. That puts Borough Park $207 below the New York City citywide 1BR median of $1,857. The month's figures are based on 168 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2019 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,900 | $0 (0.0%) | — | $1,400 – $2,500 | 13 |
| Studio | $1,850 | −$50 (-2.6%) | — | $1,394 – $2,500 | 12 |
| 1BR | $1,650 | +$40 (+2.5%) | — | $1,600 – $1,825 | 23 |
| 1BR | $1,700 | +$90 (+5.6%) | — | $1,550 – $1,825 | 19 |
| 2BR | $2,095 | $0 (0.0%) | — | $1,999 – $2,675 | 39 |
| 2BR | $2,095 | $0 (0.0%) | — | $1,999 – $2,350 | 36 |
| 3BR | $2,500 | $0 (0.0%) | — | $2,199 – $2,500 | 14 |
| 3BR | $2,500 | $0 (0.0%) | — | $2,174 – $2,563 | 12 |
Median, P25, and P75 are asking rents from listings posted in January 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — January 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,900 | $1,725 | +$175 (+10.1%) |
| Studio | $1,850 | $1,725 | +$125 (+7.2%) |
| 1BR | $1,650 | $1,857 | −$207 (-11.2%) |
| 1BR | $1,700 | $1,857 | −$157 (-8.5%) |
| 2BR | $2,095 | $2,245 | −$150 (-6.7%) |
| 2BR | $2,095 | $2,245 | −$150 (-6.7%) |
| 3BR | $2,500 | $2,550 | −$50 (-2.0%) |
| 3BR | $2,500 | $2,550 | −$50 (-2.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2020.