Monthly Rent Report
Sheepshead Bay Rent Report — July 2022
Asking rents in ZIP 11229, New York City, from 23 listings.
Median 1BR rent in Sheepshead Bay was $1,695 in July 2022, flat versus June 2022 and up 5.9% year-over-year. The middle half of 1BR listings asked between $1,673 and $1,750. That puts Sheepshead Bay $571 below the New York City citywide 1BR median of $2,266. The month's figures are based on 23 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | +$258 (+14.0%) | +$705 (+50.5%) | $2,100 – $2,100 | 1 |
| Studio | $2,100 | +$258 (+14.0%) | +$705 (+50.5%) | $2,100 – $2,100 | 1 |
| 1BR | $1,695 | $0 (0.0%) | +$95 (+5.9%) | $1,673 – $1,750 | 15 |
| 1BR | $1,300 | −$395 (-23.3%) | −$300 (-18.8%) | $1,300 – $1,300 | 1 |
| 2BR | $3,950 | +$2,150 (+119.4%) | +$1,750 (+79.5%) | $3,950 – $3,950 | 1 |
| 2BR | $3,950 | +$2,150 (+119.4%) | +$1,750 (+79.5%) | $3,950 – $3,950 | 1 |
| 3BR | $2,500 | −$700 (-21.9%) | +$100 (+4.2%) | $2,500 – $2,500 | 1 |
| 3BR | $3,500 | +$300 (+9.4%) | +$1,100 (+45.8%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — July 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $2,245 | −$145 (-6.4%) |
| Studio | $2,100 | $2,245 | −$145 (-6.4%) |
| 1BR | $1,695 | $2,266 | −$571 (-25.2%) |
| 1BR | $1,300 | $2,266 | −$966 (-42.6%) |
| 2BR | $3,950 | $2,800 | +$1,150 (+41.1%) |
| 2BR | $3,950 | $2,800 | +$1,150 (+41.1%) |
| 3BR | $2,500 | $3,250 | −$750 (-23.1%) |
| 3BR | $3,500 | $3,250 | +$250 (+7.7%) |
Citywide figure is the median of zip-level medians across 172 New York City zip codes with listings in July 2022.