Monthly Rent Report
Gravesend Rent Report — September 2023
Asking rents in ZIP 11223, New York City, from 25 listings.
Median 1BR rent in Gravesend was $1,875 in September 2023, up 7.1% (+$125) from August 2023 and up 4.5% year-over-year. The middle half of 1BR listings asked between $1,763 and $1,988. That puts Gravesend $625 below the New York City citywide 1BR median of $2,500. The month's figures are based on 25 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,744 | −$4,506 (-72.1%) | — | $1,744 – $1,744 | 1 |
| 1BR | $1,875 | +$125 (+7.1%) | +$80 (+4.5%) | $1,763 – $1,988 | 2 |
| 2BR | $2,250 | −$3,550 (-61.2%) | +$50 (+2.3%) | $2,250 – $2,250 | 1 |
| 2BR | $2,750 | −$3,050 (-52.6%) | +$550 (+25.0%) | $2,500 – $2,938 | 14 |
| 3BR | $3,200 | +$550 (+20.8%) | +$475 (+17.4%) | $3,200 – $3,200 | 1 |
| 3BR | $4,500 | +$1,850 (+69.8%) | +$1,775 (+65.1%) | $4,500 – $4,500 | 1 |
| 4BR | $3,200 | — | +$50 (+1.6%) | $3,000 – $3,650 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — September 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,744 | $2,400 | −$656 (-27.3%) |
| 1BR | $1,875 | $2,500 | −$625 (-25.0%) |
| 2BR | $2,250 | $3,000 | −$750 (-25.0%) |
| 2BR | $2,750 | $3,000 | −$250 (-8.3%) |
| 3BR | $3,200 | $3,500 | −$300 (-8.6%) |
| 3BR | $4,500 | $3,500 | +$1,000 (+28.6%) |
| 4BR | $3,200 | $4,325 | −$1,125 (-26.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.