Monthly Rent Report
Sheepshead Bay Rent Report — March 2020
Asking rents in ZIP 11229, New York City, from 280 listings.
Median 1BR rent in Sheepshead Bay was $1,725 in March 2020, down 3.5% (−$63) from February 2020. The middle half of 1BR listings asked between $1,605 and $1,843. That puts Sheepshead Bay $175 below the New York City citywide 1BR median of $1,900. The month's figures are based on 280 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,410 | −$90 (-6.0%) | — | $1,400 – $1,500 | 23 |
| Studio | $1,410 | −$90 (-6.0%) | — | $1,400 – $1,500 | 23 |
| 1BR | $1,725 | −$63 (-3.5%) | — | $1,605 – $1,843 | 38 |
| 1BR | $1,725 | −$63 (-3.5%) | — | $1,605 – $1,843 | 38 |
| 2BR | $3,000 | +$1,000 (+50.0%) | — | $3,000 – $3,000 | 2 |
| 2BR | $1,950 | −$50 (-2.5%) | — | $1,750 – $2,313 | 72 |
| 3BR | $2,400 | −$200 (-7.7%) | — | $2,300 – $2,600 | 40 |
| 3BR | $2,400 | −$200 (-7.7%) | — | $2,300 – $2,600 | 40 |
| 4BR | $3,748 | +$1,148 (+44.1%) | — | $3,124 – $4,371 | 2 |
| 4BR | $3,748 | +$1,148 (+44.1%) | — | $3,124 – $4,371 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2020. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2020
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,410 | $1,780 | −$370 (-20.8%) |
| Studio | $1,410 | $1,780 | −$370 (-20.8%) |
| 1BR | $1,725 | $1,900 | −$175 (-9.2%) |
| 1BR | $1,725 | $1,900 | −$175 (-9.2%) |
| 2BR | $3,000 | $2,290 | +$710 (+31.0%) |
| 2BR | $1,950 | $2,290 | −$340 (-14.8%) |
| 3BR | $2,400 | $2,600 | −$200 (-7.7%) |
| 3BR | $2,400 | $2,600 | −$200 (-7.7%) |
| 4BR | $3,748 | $3,150 | +$598 (+19.0%) |
| 4BR | $3,748 | $3,150 | +$598 (+19.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2020.