Monthly Rent Report
Sheepshead Bay Rent Report — May 2020
Asking rents in ZIP 11229, New York City, from 23 listings.
Median 1BR rent in Sheepshead Bay was $1,851 in May 2020, up 8.9% (+$151) from April 2020. The middle half of 1BR listings asked between $1,763 and $1,902. That puts Sheepshead Bay in line with the New York City citywide 1BR median of $1,875. The month's figures are based on 23 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,399 | −$11 (-0.8%) | — | $1,399 – $1,399 | 1 |
| Studio | $1,399 | −$11 (-0.8%) | — | $1,399 – $1,399 | 1 |
| 1BR | $1,851 | +$151 (+8.9%) | — | $1,763 – $1,902 | 4 |
| 2BR | $1,925 | −$50 (-2.5%) | — | $1,825 – $1,963 | 4 |
| 2BR | $1,925 | −$50 (-2.5%) | — | $1,863 – $1,988 | 6 |
| 3BR | $2,100 | −$300 (-12.5%) | — | $2,100 – $2,150 | 3 |
| 3BR | $2,150 | −$250 (-10.4%) | — | $2,100 – $2,425 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2020. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — May 2020
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,399 | $1,775 | −$376 (-21.2%) |
| Studio | $1,399 | $1,775 | −$376 (-21.2%) |
| 1BR | $1,851 | $1,875 | −$24 (-1.3%) |
| 2BR | $1,925 | $2,231 | −$306 (-13.7%) |
| 2BR | $1,925 | $2,231 | −$306 (-13.7%) |
| 3BR | $2,100 | $2,526 | −$426 (-16.9%) |
| 3BR | $2,150 | $2,526 | −$376 (-14.9%) |
Citywide figure is the median of zip-level medians across 163 New York City zip codes with listings in May 2020.