Monthly Rent Report
Sheepshead Bay Rent Report — November 2022
Asking rents in ZIP 11229, New York City, from 79 listings.
Median 1BR rent in Sheepshead Bay was $2,200 in November 2022, up 7.3% (+$150) from October 2022 and up 23.9% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,350. That puts Sheepshead Bay $44 below the New York City citywide 1BR median of $2,244. The month's figures are based on 79 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | +$75 (+4.8%) | +$275 (+20.4%) | $1,625 – $1,625 | 1 |
| Studio | $1,625 | +$75 (+4.8%) | +$275 (+20.4%) | $1,625 – $1,625 | 1 |
| 1BR | $2,200 | +$150 (+7.3%) | +$425 (+23.9%) | $2,000 – $2,350 | 21 |
| 1BR | $2,200 | +$150 (+7.3%) | +$425 (+23.9%) | $1,938 – $2,200 | 6 |
| 2BR | $2,600 | +$92 (+3.6%) | +$540 (+26.2%) | $2,450 – $2,825 | 30 |
| 2BR | $2,500 | −$8 (-0.3%) | +$440 (+21.4%) | $2,494 – $2,758 | 8 |
| 3BR | $2,899 | −$401 (-12.2%) | +$249 (+9.4%) | $2,899 – $3,050 | 3 |
| 3BR | $3,200 | −$100 (-3.0%) | +$550 (+20.8%) | $2,899 – $3,200 | 9 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — November 2022
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $2,148 | −$523 (-24.3%) |
| Studio | $1,625 | $2,148 | −$523 (-24.3%) |
| 1BR | $2,200 | $2,244 | −$44 (-1.9%) |
| 1BR | $2,200 | $2,244 | −$44 (-1.9%) |
| 2BR | $2,600 | $2,700 | −$100 (-3.7%) |
| 2BR | $2,500 | $2,700 | −$200 (-7.4%) |
| 3BR | $2,899 | $3,200 | −$301 (-9.4%) |
| 3BR | $3,200 | $3,200 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 170 New York City zip codes with listings in November 2022.