Monthly Rent Report
Borough Park Rent Report — March 2020
Asking rents in ZIP 11219, New York City, from 92 listings.
Median 1BR rent in Borough Park was $1,773 in March 2020, up 11.0% (+$175) from February 2020. The middle half of 1BR listings asked between $1,563 and $1,800. That puts Borough Park $128 below the New York City citywide 1BR median of $1,900. The month's figures are based on 92 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,663 | −$237 (-8.2%) | — | $1,994 – $3,331 | 2 |
| Studio | $2,663 | −$237 (-8.2%) | — | $1,994 – $3,331 | 2 |
| 1BR | $1,773 | +$175 (+11.0%) | — | $1,563 – $1,800 | 14 |
| 1BR | $1,773 | +$175 (+11.0%) | — | $1,563 – $1,800 | 14 |
| 2BR | $1,800 | −$199 (-10.0%) | — | $1,795 – $1,974 | 10 |
| 2BR | $1,800 | −$199 (-10.0%) | — | $1,795 – $1,974 | 10 |
| 3BR | $2,600 | +$250 (+10.6%) | — | $2,500 – $2,600 | 11 |
| 3BR | $2,600 | +$250 (+10.6%) | — | $2,500 – $2,600 | 11 |
| 4BR | $2,500 | −$200 (-7.4%) | — | $2,500 – $2,500 | 9 |
| 4BR | $2,500 | −$200 (-7.4%) | — | $2,500 – $2,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in March 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — March 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,663 | $1,780 | +$883 (+49.6%) |
| Studio | $2,663 | $1,780 | +$883 (+49.6%) |
| 1BR | $1,773 | $1,900 | −$127 (-6.7%) |
| 1BR | $1,773 | $1,900 | −$127 (-6.7%) |
| 2BR | $1,800 | $2,290 | −$490 (-21.4%) |
| 2BR | $1,800 | $2,290 | −$490 (-21.4%) |
| 3BR | $2,600 | $2,600 | $0 (0.0%) |
| 3BR | $2,600 | $2,600 | $0 (0.0%) |
| 4BR | $2,500 | $3,150 | −$650 (-20.6%) |
| 4BR | $2,500 | $3,150 | −$650 (-20.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2020.