Monthly Rent Report
Sheepshead Bay Rent Report — July 2023
Asking rents in ZIP 11229, New York City, from 44 listings.
Median 1BR rent in Sheepshead Bay was $2,097 in July 2023, up 35.3% (+$547) from June 2023 and up 23.7% year-over-year. The middle half of 1BR listings asked between $1,999 and $2,799. That puts Sheepshead Bay $353 below the New York City citywide 1BR median of $2,450. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,999 | +$1,674 (+126.3%) | +$899 (+42.8%) | $2,999 – $2,999 | 2 |
| Studio | $8,000 | +$6,675 (+503.8%) | +$5,900 (+281.0%) | $3,550 – $12,188 | 7 |
| 1BR | $2,097 | +$547 (+35.3%) | +$402 (+23.7%) | $1,999 – $2,799 | 6 |
| 1BR | $2,300 | +$750 (+48.4%) | +$605 (+35.7%) | $1,850 – $2,400 | 5 |
| 2BR | $2,000 | −$500 (-20.0%) | −$1,950 (-49.4%) | $1,998 – $2,494 | 3 |
| 2BR | $3,700 | +$1,200 (+48.0%) | −$250 (-6.3%) | $3,700 – $3,700 | 1 |
| 3BR | $2,800 | +$1 (+0.0%) | +$300 (+12.0%) | $2,550 – $3,050 | 3 |
| 3BR | $3,300 | +$501 (+17.9%) | +$800 (+32.0%) | $2,800 – $3,385 | 13 |
| 4BR | $4,000 | — | — | $4,000 – $4,000 | 2 |
| 4BR | $4,000 | — | — | $4,000 – $4,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — July 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,999 | $2,498 | +$502 (+20.1%) |
| Studio | $8,000 | $2,498 | +$5,503 (+220.3%) |
| 1BR | $2,097 | $2,450 | −$353 (-14.4%) |
| 1BR | $2,300 | $2,450 | −$150 (-6.1%) |
| 2BR | $2,000 | $2,800 | −$800 (-28.6%) |
| 2BR | $3,700 | $2,800 | +$900 (+32.1%) |
| 3BR | $2,800 | $3,400 | −$600 (-17.6%) |
| 3BR | $3,300 | $3,400 | −$100 (-2.9%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
| 4BR | $4,000 | $4,200 | −$200 (-4.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.