Monthly Rent Report
Sheepshead Bay Rent Report — February 2022
Asking rents in ZIP 11229, New York City, from 84 listings.
Median 1BR rent in Sheepshead Bay was $1,650 in February 2022, down 2.9% (−$50) from January 2022 and up 2.8% year-over-year. The middle half of 1BR listings asked between $1,598 and $1,800. That puts Sheepshead Bay $287 below the New York City citywide 1BR median of $1,937. The month's figures are based on 84 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2022 | Vs. February 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | +$345 (+23.8%) | +$445 (+33.0%) | $1,444 – $1,823 | 12 |
| 1BR | $1,650 | −$50 (-2.9%) | +$45 (+2.8%) | $1,598 – $1,800 | 39 |
| 2BR | $2,200 | −$600 (-21.4%) | +$600 (+37.5%) | $1,925 – $2,438 | 26 |
| 3BR | $3,000 | −$197 (-6.2%) | +$700 (+30.4%) | $3,000 – $3,000 | 2 |
| 4BR | $3,500 | $0 (0.0%) | +$625 (+21.7%) | $3,325 – $3,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — February 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,835 | −$40 (-2.2%) |
| 1BR | $1,650 | $1,937 | −$286 (-14.8%) |
| 2BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 3BR | $3,000 | $2,800 | +$200 (+7.1%) |
| 4BR | $3,500 | $3,200 | +$300 (+9.4%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in February 2022.