Monthly Rent Report
Sheepshead Bay Rent Report — August 2022
Asking rents in ZIP 11229, New York City, from 87 listings.
Median 1BR rent in Sheepshead Bay was $2,200 in August 2022, up 29.8% (+$505) from July 2022 and up 25.7% year-over-year. The middle half of 1BR listings asked between $1,849 and $2,395. That puts Sheepshead Bay $150 below the New York City citywide 1BR median of $2,350. The month's figures are based on 87 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,275 | +$175 (+8.3%) | +$925 (+68.5%) | $2,102 – $2,350 | 4 |
| Studio | $2,275 | +$175 (+8.3%) | +$925 (+68.5%) | $2,238 – $2,313 | 2 |
| 1BR | $2,200 | +$505 (+29.8%) | +$450 (+25.7%) | $1,849 – $2,395 | 27 |
| 1BR | $2,348 | +$653 (+38.5%) | +$598 (+34.1%) | $1,950 – $2,395 | 12 |
| 2BR | $2,750 | −$1,200 (-30.4%) | +$600 (+27.9%) | $2,499 – $3,586 | 24 |
| 2BR | $1,950 | −$2,000 (-50.6%) | −$200 (-9.3%) | $1,950 – $1,950 | 1 |
| 3BR | $2,945 | +$445 (+17.8%) | +$945 (+47.3%) | $2,800 – $2,990 | 12 |
| 3BR | $2,800 | +$300 (+12.0%) | +$800 (+40.0%) | $2,800 – $2,900 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — August 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,275 | $2,300 | −$25 (-1.1%) |
| Studio | $2,275 | $2,300 | −$25 (-1.1%) |
| 1BR | $2,200 | $2,350 | −$150 (-6.4%) |
| 1BR | $2,348 | $2,350 | −$2 (-0.1%) |
| 2BR | $2,750 | $2,800 | −$50 (-1.8%) |
| 2BR | $1,950 | $2,800 | −$850 (-30.4%) |
| 3BR | $2,945 | $3,350 | −$405 (-12.1%) |
| 3BR | $2,800 | $3,350 | −$550 (-16.4%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.