Monthly Rent Report
Sheepshead Bay Rent Report — February 2023
Asking rents in ZIP 11229, New York City, from 73 listings.
Median 1BR rent in Sheepshead Bay was $2,000 in February 2023, down 7.0% (−$150) from January 2023 and up 21.2% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts Sheepshead Bay $200 below the New York City citywide 1BR median of $2,200. The month's figures are based on 73 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,999 | +$1,227 (+69.2%) | +$1,204 (+67.1%) | $2,999 – $2,999 | 1 |
| Studio | $2,597 | +$825 (+46.5%) | +$802 (+44.7%) | $1,581 – $3,499 | 8 |
| 1BR | $2,000 | −$150 (-7.0%) | +$350 (+21.2%) | $2,000 – $2,000 | 1 |
| 1BR | $2,000 | −$150 (-7.0%) | +$350 (+21.2%) | $1,978 – $2,000 | 15 |
| 2BR | $2,500 | −$278 (-10.0%) | +$300 (+13.6%) | $2,299 – $2,900 | 19 |
| 2BR | $3,400 | +$622 (+22.4%) | +$1,200 (+54.5%) | $3,400 – $3,400 | 1 |
| 3BR | $2,800 | −$50 (-1.8%) | −$200 (-6.7%) | $2,625 – $3,049 | 26 |
| 3BR | $2,825 | −$25 (-0.9%) | −$175 (-5.8%) | $2,788 – $2,863 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — February 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,999 | $2,260 | +$739 (+32.7%) |
| Studio | $2,597 | $2,260 | +$337 (+14.9%) |
| 1BR | $2,000 | $2,200 | −$199 (-9.1%) |
| 1BR | $2,000 | $2,200 | −$199 (-9.1%) |
| 2BR | $2,500 | $2,695 | −$195 (-7.2%) |
| 2BR | $3,400 | $2,695 | +$705 (+26.2%) |
| 3BR | $2,800 | $3,200 | −$400 (-12.5%) |
| 3BR | $2,825 | $3,200 | −$375 (-11.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.