Monthly Rent Report
Borough Park Rent Report — July 2020
Asking rents in ZIP 11219, New York City, from 91 listings.
Median 1BR rent in Borough Park was $1,650 in July 2020, down 15.4% (−$300) from June 2020. The middle half of 1BR listings asked between $1,556 and $2,175. That puts Borough Park $175 below the New York City citywide 1BR median of $1,825. The month's figures are based on 91 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | −$250 (-13.9%) | — | $1,550 – $1,725 | 3 |
| Studio | $1,550 | −$250 (-13.9%) | — | $1,550 – $1,725 | 3 |
| 1BR | $1,650 | −$300 (-15.4%) | — | $1,556 – $2,175 | 18 |
| 1BR | $1,650 | −$300 (-15.4%) | — | $1,650 – $1,650 | 1 |
| 2BR | $1,850 | −$50 (-2.6%) | — | $1,850 – $2,200 | 17 |
| 2BR | $1,850 | −$50 (-2.6%) | — | $1,850 – $2,200 | 17 |
| 3BR | $2,300 | −$300 (-11.5%) | — | $2,273 – $2,500 | 11 |
| 3BR | $2,300 | −$300 (-11.5%) | — | $2,273 – $2,500 | 11 |
| 4BR | $3,000 | +$400 (+15.4%) | — | $2,800 – $3,200 | 5 |
| 4BR | $3,000 | +$400 (+15.4%) | — | $2,800 – $3,200 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — July 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,700 | −$149 (-8.8%) |
| Studio | $1,550 | $1,700 | −$149 (-8.8%) |
| 1BR | $1,650 | $1,825 | −$175 (-9.6%) |
| 1BR | $1,650 | $1,825 | −$175 (-9.6%) |
| 2BR | $1,850 | $2,290 | −$440 (-19.2%) |
| 2BR | $1,850 | $2,290 | −$440 (-19.2%) |
| 3BR | $2,300 | $2,600 | −$300 (-11.5%) |
| 3BR | $2,300 | $2,600 | −$300 (-11.5%) |
| 4BR | $3,000 | $3,285 | −$285 (-8.7%) |
| 4BR | $3,000 | $3,285 | −$285 (-8.7%) |
Citywide figure is the median of zip-level medians across 161 New York City zip codes with listings in July 2020.