Monthly Rent Report
Borough Park Rent Report — September 2020
Asking rents in ZIP 11219, New York City, from 70 listings.
Median 1BR rent in Borough Park was $1,700 in September 2020, up 6.3% (+$100) from August 2020. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Borough Park $125 below the New York City citywide 1BR median of $1,825. The month's figures are based on 70 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,523 | −$577 (-27.5%) | — | $1,500 – $1,545 | 6 |
| Studio | $1,523 | −$577 (-27.5%) | — | $1,500 – $1,545 | 6 |
| 1BR | $1,700 | +$100 (+6.3%) | — | $1,700 – $1,700 | 1 |
| 1BR | $1,600 | $0 (0.0%) | — | $1,538 – $1,688 | 19 |
| 2BR | $2,088 | +$188 (+9.9%) | — | $1,881 – $2,438 | 14 |
| 2BR | $2,088 | +$188 (+9.9%) | — | $1,881 – $2,438 | 14 |
| 3BR | $2,600 | +$200 (+8.3%) | — | $2,350 – $2,700 | 5 |
| 3BR | $2,600 | +$200 (+8.3%) | — | $2,350 – $2,700 | 5 |
Median, P25, and P75 are asking rents from listings posted in September 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — September 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,523 | $1,727 | −$204 (-11.8%) |
| Studio | $1,523 | $1,727 | −$204 (-11.8%) |
| 1BR | $1,700 | $1,825 | −$125 (-6.8%) |
| 1BR | $1,600 | $1,825 | −$225 (-12.3%) |
| 2BR | $2,088 | $2,200 | −$112 (-5.1%) |
| 2BR | $2,088 | $2,200 | −$112 (-5.1%) |
| 3BR | $2,600 | $2,600 | $0 (0.0%) |
| 3BR | $2,600 | $2,600 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 166 New York City zip codes with listings in September 2020.