Monthly Rent Report
Sheepshead Bay Rent Report — August 2023
Asking rents in ZIP 11229, New York City, from 33 listings.
Median 1BR rent in Sheepshead Bay was $1,899 in August 2023, down 9.4% (−$198) from July 2023 and down 19.1% year-over-year. The middle half of 1BR listings asked between $1,899 and $1,899. That puts Sheepshead Bay $451 below the New York City citywide 1BR median of $2,350. The month's figures are based on 33 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $8,000 | +$5,001 (+166.8%) | +$5,725 (+251.6%) | $8,000 – $8,000 | 13 |
| Studio | $8,000 | +$5,001 (+166.8%) | +$5,725 (+251.6%) | $8,000 – $8,000 | 1 |
| 1BR | $1,899 | −$198 (-9.4%) | −$448 (-19.1%) | $1,899 – $1,899 | 1 |
| 1BR | $1,775 | −$322 (-15.4%) | −$572 (-24.4%) | $1,738 – $1,887 | 3 |
| 2BR | $3,700 | $0 (0.0%) | +$1,750 (+89.7%) | $3,700 – $3,700 | 2 |
| 2BR | $3,700 | $0 (0.0%) | +$1,750 (+89.7%) | $3,700 – $3,700 | 6 |
| 3BR | $3,400 | +$600 (+21.4%) | +$600 (+21.4%) | $3,400 – $3,400 | 1 |
| 3BR | $2,900 | +$100 (+3.6%) | +$100 (+3.6%) | $2,675 – $3,063 | 4 |
| 4BR | $4,000 | $0 (0.0%) | — | $4,000 – $4,000 | 1 |
| 4BR | $4,000 | $0 (0.0%) | — | $4,000 – $4,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — August 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $8,000 | $2,490 | +$5,510 (+221.3%) |
| Studio | $8,000 | $2,490 | +$5,510 (+221.3%) |
| 1BR | $1,899 | $2,350 | −$451 (-19.2%) |
| 1BR | $1,775 | $2,350 | −$575 (-24.5%) |
| 2BR | $3,700 | $2,859 | +$841 (+29.4%) |
| 2BR | $3,700 | $2,859 | +$841 (+29.4%) |
| 3BR | $3,400 | $3,413 | −$12 (-0.4%) |
| 3BR | $2,900 | $3,413 | −$512 (-15.0%) |
| 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 175 New York City zip codes with listings in August 2023.