Monthly Rent Report
Gravesend Rent Report — August 2024
Asking rents in ZIP 11223, New York City, from 20 listings.
Median 1BR rent in Gravesend was $2,000 in August 2024, flat versus July 2024 and down 34.6% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Gravesend $390 below the New York City citywide 1BR median of $2,390. The month's figures are based on 20 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $7,100 | +$5,175 (+268.8%) | +$2,600 (+57.8%) | $7,100 – $8,000 | 7 |
| 1BR | $2,000 | $0 (0.0%) | −$1,059 (-34.6%) | $2,000 – $2,000 | 1 |
| 2BR | $2,500 | −$1,150 (-31.5%) | −$3,300 (-56.9%) | $2,350 – $2,525 | 4 |
| 3BR | $3,500 | +$500 (+16.7%) | +$1,025 (+41.4%) | $2,900 – $3,639 | 7 |
| 4BR | $3,200 | −$4,800 (-60.0%) | — | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — August 2024
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $7,100 | $2,500 | +$4,600 (+184.0%) |
| 1BR | $2,000 | $2,390 | −$390 (-16.3%) |
| 2BR | $2,500 | $2,900 | −$400 (-13.8%) |
| 3BR | $3,500 | $3,603 | −$103 (-2.9%) |
| 4BR | $3,200 | $4,225 | −$1,025 (-24.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.