Monthly Rent Report
Sheepshead Bay Rent Report — March 2022
Asking rents in ZIP 11229, New York City, from 18 listings.
Median 1BR rent in Sheepshead Bay was $1,500 in March 2022, down 9.1% (−$150) from February 2022 and unchanged year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Sheepshead Bay $595 below the New York City citywide 1BR median of $2,095. The month's figures are based on 18 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $11,375 | +$9,580 (+533.7%) | +$9,975 (+712.5%) | $11,375 – $11,375 | 1 |
| Studio | $11,375 | +$9,580 (+533.7%) | +$9,975 (+712.5%) | $11,375 – $11,375 | 3 |
| 1BR | $1,500 | −$150 (-9.1%) | $0 (0.0%) | $1,500 – $1,500 | 1 |
| 2BR | $2,050 | −$150 (-6.8%) | +$150 (+7.9%) | $1,900 – $2,075 | 9 |
| 3BR | $2,200 | −$800 (-26.7%) | −$100 (-4.3%) | $2,100 – $2,300 | 2 |
| 4BR | $3,500 | $0 (0.0%) | +$1,103 (+46.0%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — March 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $11,375 | $1,850 | +$9,525 (+514.9%) |
| Studio | $11,375 | $1,850 | +$9,525 (+514.9%) |
| 1BR | $1,500 | $2,095 | −$595 (-28.4%) |
| 2BR | $2,050 | $2,398 | −$347 (-14.5%) |
| 3BR | $2,200 | $2,990 | −$790 (-26.4%) |
| 4BR | $3,500 | $3,398 | +$103 (+3.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2022.