Monthly Rent Report
Borough Park Rent Report — December 2022
Asking rents in ZIP 11219, New York City, from 81 listings.
Median 1BR rent in Borough Park was $2,325 in December 2022, up 45.3% (+$725) from November 2022 and up 45.3% year-over-year. The middle half of 1BR listings asked between $1,800 and $2,600. That puts Borough Park $104 above the New York City citywide 1BR median of $2,222. The month's figures are based on 81 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,500 | $0 (0.0%) | +$3,850 (+233.3%) | $5,500 – $5,500 | 1 |
| Studio | $3,550 | −$1,950 (-35.5%) | +$1,900 (+115.2%) | $1,600 – $5,500 | 4 |
| 1BR | $2,325 | +$725 (+45.3%) | +$725 (+45.3%) | $1,800 – $2,600 | 34 |
| 1BR | $2,200 | +$600 (+37.5%) | +$600 (+37.5%) | $1,800 – $2,500 | 17 |
| 2BR | $3,488 | −$12 (-0.4%) | +$1,638 (+88.5%) | $2,938 – $3,500 | 8 |
| 2BR | $3,475 | −$25 (-0.7%) | +$1,625 (+87.8%) | $3,475 – $3,475 | 1 |
| 3BR | $3,200 | +$500 (+18.5%) | +$1,000 (+45.5%) | $2,300 – $3,800 | 9 |
| 3BR | $3,800 | +$1,100 (+40.7%) | +$1,600 (+72.7%) | $3,500 – $3,800 | 3 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Borough Park vs. New York City — December 2022
| Bedrooms | Borough Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,500 | $2,098 | +$3,403 (+162.2%) |
| Studio | $3,550 | $2,098 | +$1,453 (+69.2%) |
| 1BR | $2,325 | $2,222 | +$104 (+4.7%) |
| 1BR | $2,200 | $2,222 | −$21 (-1.0%) |
| 2BR | $3,488 | $2,700 | +$788 (+29.2%) |
| 2BR | $3,475 | $2,700 | +$775 (+28.7%) |
| 3BR | $3,200 | $3,200 | $0 (0.0%) |
| 3BR | $3,800 | $3,200 | +$600 (+18.8%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in December 2022.