Monthly Rent Report
Sheepshead Bay Rent Report — January 2023
Asking rents in ZIP 11229, New York City, from 89 listings.
Median 1BR rent in Sheepshead Bay was $2,150 in January 2023, up 26.8% (+$455) from December 2022 and up 26.5% year-over-year. The middle half of 1BR listings asked between $1,888 and $2,550. That puts Sheepshead Bay $139 below the New York City citywide 1BR median of $2,289. The month's figures are based on 89 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | −$470 (-22.4%) | +$175 (+12.1%) | $1,625 – $1,920 | 9 |
| Studio | $1,773 | −$322 (-15.4%) | +$323 (+22.2%) | $1,699 – $1,846 | 2 |
| 1BR | $2,150 | +$455 (+26.8%) | +$450 (+26.5%) | $1,888 – $2,550 | 24 |
| 1BR | $2,550 | +$855 (+50.4%) | +$850 (+50.0%) | $2,225 – $2,575 | 7 |
| 2BR | $2,778 | +$89 (+3.3%) | −$22 (-0.8%) | $2,500 – $3,000 | 33 |
| 2BR | $2,050 | −$639 (-23.8%) | −$750 (-26.8%) | $2,050 – $2,050 | 1 |
| 3BR | $1,450 | −$1,449 (-50.0%) | −$1,747 (-54.7%) | $1,450 – $1,450 | 1 |
| 3BR | $2,850 | −$49 (-1.7%) | −$347 (-10.9%) | $2,638 – $3,100 | 12 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — January 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $2,197 | −$572 (-26.0%) |
| Studio | $1,773 | $2,197 | −$424 (-19.3%) |
| 1BR | $2,150 | $2,289 | −$139 (-6.1%) |
| 1BR | $2,550 | $2,289 | +$261 (+11.4%) |
| 2BR | $2,778 | $2,700 | +$78 (+2.9%) |
| 2BR | $2,050 | $2,700 | −$650 (-24.1%) |
| 3BR | $1,450 | $3,200 | −$1,750 (-54.7%) |
| 3BR | $2,850 | $3,200 | −$350 (-10.9%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.