Monthly Rent Report
Borough Park Rent Report — February 2020
Asking rents in ZIP 11219, New York City, from 92 listings.
Median 1BR rent in Borough Park was $1,598 in February 2020, down 6.0% (−$102) from January 2020. The middle half of 1BR listings asked between $1,595 and $1,625. That puts Borough Park $299 below the New York City citywide 1BR median of $1,896. The month's figures are based on 92 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,900 | +$1,050 (+56.8%) | — | $2,700 – $3,200 | 3 |
| Studio | $2,900 | +$1,050 (+56.8%) | — | $2,700 – $3,200 | 3 |
| 1BR | $1,598 | −$102 (-6.0%) | — | $1,595 – $1,625 | 12 |
| 1BR | $1,598 | −$102 (-6.0%) | — | $1,595 – $1,625 | 12 |
| 2BR | $1,999 | −$96 (-4.6%) | — | $1,838 – $2,000 | 20 |
| 2BR | $1,999 | −$96 (-4.6%) | — | $1,838 – $2,000 | 20 |
| 3BR | $2,350 | −$150 (-6.0%) | — | $2,199 – $2,500 | 9 |
| 3BR | $2,350 | −$150 (-6.0%) | — | $2,199 – $2,500 | 9 |
| 4BR | $2,700 | — | — | $2,650 – $2,750 | 2 |
| 4BR | $2,700 | — | — | $2,650 – $2,750 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — February 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,900 | $1,750 | +$1,150 (+65.7%) |
| Studio | $2,900 | $1,750 | +$1,150 (+65.7%) |
| 1BR | $1,598 | $1,896 | −$299 (-15.8%) |
| 1BR | $1,598 | $1,896 | −$299 (-15.8%) |
| 2BR | $1,999 | $2,250 | −$251 (-11.2%) |
| 2BR | $1,999 | $2,250 | −$251 (-11.2%) |
| 3BR | $2,350 | $2,588 | −$238 (-9.2%) |
| 3BR | $2,350 | $2,588 | −$238 (-9.2%) |
| 4BR | $2,700 | $3,200 | −$500 (-15.6%) |
| 4BR | $2,700 | $3,200 | −$500 (-15.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2020.