Monthly Rent Report
Sheepshead Bay Rent Report — April 2022
Asking rents in ZIP 11229, New York City, from 27 listings.
Median 1BR rent in Sheepshead Bay was $1,700 in April 2022, up 13.3% (+$200) from March 2022 and up 3.1% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,700. That puts Sheepshead Bay $295 below the New York City citywide 1BR median of $1,995. The month's figures are based on 27 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2022 | Vs. April 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$9,725 (-85.5%) | +$180 (+12.2%) | $1,650 – $1,650 | 2 |
| 1BR | $1,700 | +$200 (+13.3%) | +$51 (+3.1%) | $1,600 – $1,700 | 20 |
| 2BR | $2,500 | +$450 (+22.0%) | +$925 (+58.7%) | $2,500 – $2,500 | 1 |
| 2BR | $2,500 | +$450 (+22.0%) | +$925 (+58.7%) | $2,500 – $2,500 | 2 |
| 3BR | $3,800 | +$1,600 (+72.7%) | +$1,503 (+65.4%) | $3,800 – $3,800 | 1 |
| 4BR | $2,500 | −$1,000 (-28.6%) | −$800 (-24.2%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — April 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,863 | −$212 (-11.4%) |
| 1BR | $1,700 | $1,995 | −$295 (-14.8%) |
| 2BR | $2,500 | $2,500 | $0 (0.0%) |
| 2BR | $2,500 | $2,500 | $0 (0.0%) |
| 3BR | $3,800 | $3,000 | +$800 (+26.7%) |
| 4BR | $2,500 | $3,600 | −$1,100 (-30.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2022.