Monthly Rent Report
Gravesend Rent Report — June 2023
Asking rents in ZIP 11223, New York City, from 63 listings.
Median 1BR rent in Gravesend was $1,800 in June 2023, down 12.1% (−$247) from May 2023 and up 12.5% year-over-year. The middle half of 1BR listings asked between $1,675 and $2,250. That puts Gravesend $688 below the New York City citywide 1BR median of $2,488. The month's figures are based on 63 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,800 | +$2,050 (+74.5%) | +$3,325 (+225.4%) | $4,800 – $4,800 | 1 |
| Studio | $2,500 | −$250 (-9.1%) | +$1,025 (+69.5%) | $2,500 – $4,800 | 5 |
| 1BR | $1,800 | −$247 (-12.1%) | +$200 (+12.5%) | $1,675 – $2,250 | 7 |
| 1BR | $1,675 | −$372 (-18.2%) | +$75 (+4.7%) | $1,411 – $1,850 | 4 |
| 2BR | $1,400 | −$1,075 (-43.4%) | −$800 (-36.4%) | $1,400 – $1,400 | 1 |
| 2BR | $2,300 | −$175 (-7.1%) | +$100 (+4.5%) | $2,000 – $2,612 | 32 |
| 3BR | $2,600 | −$75 (-2.8%) | −$400 (-13.3%) | $2,300 – $3,000 | 9 |
| 3BR | $2,500 | −$175 (-6.5%) | −$500 (-16.7%) | $2,500 – $2,500 | 1 |
| 4BR | $2,795 | −$5 (-0.2%) | +$195 (+7.5%) | $2,795 – $2,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — June 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,800 | $2,500 | +$2,300 (+92.0%) |
| Studio | $2,500 | $2,500 | $0 (0.0%) |
| 1BR | $1,800 | $2,488 | −$687 (-27.6%) |
| 1BR | $1,675 | $2,488 | −$812 (-32.7%) |
| 2BR | $1,400 | $2,828 | −$1,428 (-50.5%) |
| 2BR | $2,300 | $2,828 | −$528 (-18.7%) |
| 3BR | $2,600 | $3,300 | −$700 (-21.2%) |
| 3BR | $2,500 | $3,300 | −$800 (-24.2%) |
| 4BR | $2,795 | $4,200 | −$1,405 (-33.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.