Monthly Rent Report
Borough Park Rent Report — October 2020
Asking rents in ZIP 11219, New York City, from 22 listings.
Median 1BR rent in Borough Park was $1,725 in October 2020, up 7.8% (+$125) from September 2020. The middle half of 1BR listings asked between $1,600 and $1,825. That puts Borough Park $175 below the New York City citywide 1BR median of $1,900. The month's figures are based on 22 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$373 (+24.5%) | — | $1,895 – $1,895 | 1 |
| 1BR | $1,725 | +$125 (+7.8%) | — | $1,600 – $1,825 | 12 |
| 2BR | $1,825 | −$262 (-12.6%) | — | $1,688 – $1,850 | 6 |
| 3BR | $2,349 | −$251 (-9.7%) | — | $2,275 – $3,072 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2020. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — October 2020
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,795 | +$101 (+5.6%) |
| 1BR | $1,725 | $1,900 | −$175 (-9.2%) |
| 2BR | $1,825 | $2,250 | −$425 (-18.9%) |
| 3BR | $2,349 | $2,650 | −$301 (-11.4%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in October 2020.