Monthly Rent Report
Borough Park Rent Report — August 2020
Asking rents in ZIP 11219, New York City, from 104 listings.
Median 1BR rent in Borough Park was $1,600 in August 2020, down 3.0% (−$50) from July 2020. The middle half of 1BR listings asked between $1,581 and $1,694. That puts Borough Park $285 below the New York City citywide 1BR median of $1,885. The month's figures are based on 104 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | +$550 (+35.5%) | — | $2,000 – $2,200 | 2 |
| Studio | $2,100 | +$550 (+35.5%) | — | $2,000 – $2,200 | 2 |
| 1BR | $1,600 | −$50 (-3.0%) | — | $1,581 – $1,694 | 22 |
| 1BR | $1,600 | −$50 (-3.0%) | — | $1,581 – $1,694 | 22 |
| 2BR | $1,900 | +$50 (+2.7%) | — | $1,850 – $1,963 | 16 |
| 2BR | $1,900 | +$50 (+2.7%) | — | $1,850 – $1,963 | 16 |
| 3BR | $2,400 | +$100 (+4.3%) | — | $2,250 – $2,500 | 9 |
| 3BR | $2,400 | +$100 (+4.3%) | — | $2,250 – $2,500 | 9 |
| 4BR | $3,000 | $0 (0.0%) | — | $2,750 – $3,000 | 3 |
| 4BR | $3,000 | $0 (0.0%) | — | $2,750 – $3,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — August 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,750 | +$350 (+20.0%) |
| Studio | $2,100 | $1,750 | +$350 (+20.0%) |
| 1BR | $1,600 | $1,885 | −$284 (-15.1%) |
| 1BR | $1,600 | $1,885 | −$284 (-15.1%) |
| 2BR | $1,900 | $2,250 | −$350 (-15.6%) |
| 2BR | $1,900 | $2,250 | −$350 (-15.6%) |
| 3BR | $2,400 | $2,606 | −$206 (-7.9%) |
| 3BR | $2,400 | $2,606 | −$206 (-7.9%) |
| 4BR | $3,000 | $3,344 | −$343 (-10.3%) |
| 4BR | $3,000 | $3,344 | −$343 (-10.3%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in August 2020.