Monthly Rent Report
Sheepshead Bay Rent Report — November 2023
Asking rents in ZIP 11229, New York City, from 87 listings.
Median 1BR rent in Sheepshead Bay was $1,500 in November 2023, down 15.7% (−$279) from October 2023 and down 31.8% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Sheepshead Bay $900 below the New York City citywide 1BR median of $2,400. The month's figures are based on 87 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $9,500 | +$7,205 (+313.9%) | +$7,875 (+484.6%) | $9,500 – $10,125 | 4 |
| Studio | $9,500 | +$7,205 (+313.9%) | +$7,875 (+484.6%) | $9,500 – $9,500 | 1 |
| 1BR | $1,500 | −$279 (-15.7%) | −$700 (-31.8%) | $1,500 – $1,500 | 1 |
| 1BR | $2,800 | +$1,021 (+57.4%) | +$600 (+27.3%) | $2,800 – $2,800 | 2 |
| 2BR | $2,500 | −$325 (-11.5%) | −$99 (-3.8%) | $2,500 – $2,500 | 1 |
| 2BR | $3,000 | +$175 (+6.2%) | +$401 (+15.4%) | $2,635 – $3,100 | 37 |
| 3BR | $4,950 | +$1,650 (+50.0%) | +$1,750 (+54.7%) | $4,950 – $4,950 | 1 |
| 3BR | $3,575 | +$275 (+8.3%) | +$375 (+11.7%) | $3,299 – $3,875 | 30 |
| 4BR | $3,000 | $0 (0.0%) | — | $2,900 – $3,000 | 3 |
| 4BR | $3,000 | $0 (0.0%) | — | $2,900 – $3,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — November 2023
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $9,500 | $2,395 | +$7,105 (+296.7%) |
| Studio | $9,500 | $2,395 | +$7,105 (+296.7%) |
| 1BR | $1,500 | $2,400 | −$900 (-37.5%) |
| 1BR | $2,800 | $2,400 | +$400 (+16.7%) |
| 2BR | $2,500 | $2,798 | −$297 (-10.6%) |
| 2BR | $3,000 | $2,798 | +$203 (+7.2%) |
| 3BR | $4,950 | $3,300 | +$1,650 (+50.0%) |
| 3BR | $3,575 | $3,300 | +$275 (+8.3%) |
| 4BR | $3,000 | $4,199 | −$1,199 (-28.6%) |
| 4BR | $3,000 | $4,199 | −$1,199 (-28.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.