Monthly Rent Report
Gravesend Rent Report — July 2023
Asking rents in ZIP 11223, New York City, from 33 listings.
Median 1BR rent in Gravesend was $2,430 in July 2023, up 45.1% (+$755) from June 2023 and up 21.5% year-over-year. The middle half of 1BR listings asked between $2,115 and $2,745. That puts Gravesend in line with the New York City citywide 1BR median of $2,450. The month's figures are based on 33 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | +$2,000 (+80.0%) | +$3,005 (+201.0%) | $4,500 – $4,500 | 3 |
| Studio | $6,694 | +$4,194 (+167.8%) | +$5,199 (+347.8%) | $4,597 – $8,791 | 2 |
| 1BR | $2,430 | +$755 (+45.1%) | +$430 (+21.5%) | $2,115 – $2,745 | 2 |
| 1BR | $2,325 | +$650 (+38.8%) | +$325 (+16.2%) | $2,237 – $2,412 | 2 |
| 2BR | $2,349 | +$949 (+67.8%) | +$249 (+11.9%) | $1,850 – $2,700 | 9 |
| 2BR | $2,950 | +$1,550 (+110.7%) | +$850 (+40.5%) | $2,950 – $2,950 | 1 |
| 3BR | $2,750 | +$250 (+10.0%) | +$150 (+5.8%) | $2,450 – $4,500 | 8 |
| 3BR | $2,500 | $0 (0.0%) | −$100 (-3.8%) | $2,350 – $2,875 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — July 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,498 | +$2,003 (+80.2%) |
| Studio | $6,694 | $2,498 | +$4,197 (+168.0%) |
| 1BR | $2,430 | $2,450 | −$20 (-0.8%) |
| 1BR | $2,325 | $2,450 | −$125 (-5.1%) |
| 2BR | $2,349 | $2,800 | −$451 (-16.1%) |
| 2BR | $2,950 | $2,800 | +$150 (+5.4%) |
| 3BR | $2,750 | $3,400 | −$650 (-19.1%) |
| 3BR | $2,500 | $3,400 | −$900 (-26.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.