Monthly Rent Report
Gravesend Rent Report — May 2022
Asking rents in ZIP 11223, New York City, from 31 listings.
Median 1BR rent in Gravesend was $1,700 in May 2022, flat versus April 2022 and up 0.3% year-over-year. The middle half of 1BR listings asked between $1,675 and $1,900. That puts Gravesend $363 below the New York City citywide 1BR median of $2,063. The month's figures are based on 31 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$213 (+14.8%) | +$175 (+11.9%) | $1,650 – $1,650 | 1 |
| 1BR | $1,700 | $0 (0.0%) | +$5 (+0.3%) | $1,675 – $1,900 | 25 |
| 2BR | $1,750 | −$299 (-14.6%) | −$300 (-14.6%) | $1,725 – $1,775 | 2 |
| 3BR | $2,400 | −$500 (-17.2%) | −$600 (-20.0%) | $2,400 – $2,400 | 2 |
| 4BR | $2,500 | −$500 (-16.7%) | −$495 (-16.5%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — May 2022
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,875 | −$225 (-12.0%) |
| 1BR | $1,700 | $2,063 | −$362 (-17.6%) |
| 2BR | $1,750 | $2,499 | −$749 (-30.0%) |
| 3BR | $2,400 | $2,950 | −$550 (-18.6%) |
| 4BR | $2,500 | $3,600 | −$1,100 (-30.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.