Monthly Rent Report
Sheepshead Bay Rent Report — May 2022
Asking rents in ZIP 11229, New York City, from 26 listings.
Median 1BR rent in Sheepshead Bay was $2,250 in May 2022, up 32.4% (+$550) from April 2022 and up 28.6% year-over-year. The middle half of 1BR listings asked between $2,063 and $2,250. That puts Sheepshead Bay $188 above the New York City citywide 1BR median of $2,063. The month's figures are based on 26 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | $0 (0.0%) | +$125 (+8.2%) | $1,515 – $1,950 | 9 |
| 1BR | $2,250 | +$550 (+32.4%) | +$500 (+28.6%) | $2,063 – $2,250 | 6 |
| 1BR | $2,250 | +$550 (+32.4%) | +$500 (+28.6%) | $2,250 – $2,250 | 5 |
| 2BR | $2,350 | −$150 (-6.0%) | +$450 (+23.7%) | $2,350 – $2,350 | 1 |
| 3BR | $2,500 | −$1,300 (-34.2%) | $0 (0.0%) | $2,500 – $2,500 | 2 |
| 4BR | $3,400 | +$900 (+36.0%) | +$1,000 (+41.7%) | $3,350 – $3,400 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — May 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,875 | −$225 (-12.0%) |
| 1BR | $2,250 | $2,063 | +$188 (+9.1%) |
| 1BR | $2,250 | $2,063 | +$188 (+9.1%) |
| 2BR | $2,350 | $2,499 | −$149 (-6.0%) |
| 3BR | $2,500 | $2,950 | −$450 (-15.3%) |
| 4BR | $3,400 | $3,600 | −$200 (-5.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.