Monthly Rent Report
Sheepshead Bay Rent Report — March 2021
Asking rents in ZIP 11229, New York City, from 93 listings.
Median 1BR rent in Sheepshead Bay was $1,500 in March 2021, down 6.5% (−$105) from February 2021 and down 13.0% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Sheepshead Bay $300 below the New York City citywide 1BR median of $1,800. The month's figures are based on 93 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2021 | Vs. March 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | +$50 (+3.7%) | −$10 (-0.7%) | $1,400 – $1,400 | 1 |
| Studio | $1,350 | $0 (0.0%) | −$60 (-4.3%) | $1,325 – $1,500 | 7 |
| 1BR | $1,500 | −$105 (-6.5%) | −$225 (-13.0%) | $1,500 – $1,500 | 1 |
| 1BR | $1,650 | +$45 (+2.8%) | −$75 (-4.3%) | $1,544 – $1,750 | 28 |
| 2BR | $2,145 | +$545 (+34.1%) | −$855 (-28.5%) | $1,800 – $2,500 | 33 |
| 2BR | $1,900 | +$300 (+18.8%) | −$1,100 (-36.7%) | $1,900 – $1,900 | 1 |
| 3BR | $2,300 | $0 (0.0%) | −$100 (-4.2%) | $2,300 – $2,300 | 1 |
| 3BR | $2,500 | +$200 (+8.7%) | +$100 (+4.2%) | $2,450 – $2,600 | 13 |
| 4BR | $2,398 | −$477 (-16.6%) | −$1,350 (-36.0%) | $2,395 – $2,400 | 4 |
| 4BR | $2,398 | −$477 (-16.6%) | −$1,350 (-36.0%) | $2,395 – $2,400 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2021. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2021
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $1,663 | −$262 (-15.8%) |
| Studio | $1,350 | $1,663 | −$312 (-18.8%) |
| 1BR | $1,500 | $1,800 | −$300 (-16.7%) |
| 1BR | $1,650 | $1,800 | −$150 (-8.3%) |
| 2BR | $2,145 | $2,140 | +$5 (+0.2%) |
| 2BR | $1,900 | $2,140 | −$240 (-11.2%) |
| 3BR | $2,300 | $2,500 | −$200 (-8.0%) |
| 3BR | $2,500 | $2,500 | $0 (0.0%) |
| 4BR | $2,398 | $3,000 | −$602 (-20.1%) |
| 4BR | $2,398 | $3,000 | −$602 (-20.1%) |
Citywide figure is the median of zip-level medians across 161 New York City zip codes with listings in March 2021.