Monthly Rent Report
Sheepshead Bay Rent Report — January 2024
Asking rents in ZIP 11229, New York City, from 88 listings.
Median 1BR rent in Sheepshead Bay was $12,000 in January 2024, up 568.5% (+$10,205) from December 2023 and up 370.6% year-over-year. The middle half of 1BR listings asked between $12,000 and $12,000. That puts Sheepshead Bay $9,650 above the New York City citywide 1BR median of $2,350. The month's figures are based on 88 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | +$1,000 (+28.6%) | +$2,728 (+153.9%) | $4,500 – $4,500 | 2 |
| Studio | $4,500 | +$1,000 (+28.6%) | +$2,728 (+153.9%) | $4,500 – $4,500 | 3 |
| 1BR | $12,000 | +$10,205 (+568.5%) | +$9,450 (+370.6%) | $12,000 – $12,000 | 10 |
| 1BR | $1,400 | −$395 (-22.0%) | −$1,150 (-45.1%) | $1,400 – $1,400 | 1 |
| 2BR | $2,800 | −$850 (-23.3%) | +$750 (+36.6%) | $2,550 – $3,225 | 19 |
| 2BR | $4,343 | +$693 (+19.0%) | +$2,293 (+111.9%) | $4,343 – $4,343 | 1 |
| 3BR | $3,200 | +$100 (+3.2%) | +$1,750 (+120.7%) | $3,000 – $3,450 | 25 |
| 3BR | $3,200 | +$100 (+3.2%) | +$1,750 (+120.7%) | $3,000 – $3,450 | 25 |
| 4BR | $2,800 | — | — | $2,800 – $2,800 | 1 |
| 4BR | $2,800 | — | — | $2,800 – $2,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — January 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,338 | +$2,163 (+92.5%) |
| Studio | $4,500 | $2,338 | +$2,163 (+92.5%) |
| 1BR | $12,000 | $2,350 | +$9,650 (+410.6%) |
| 1BR | $1,400 | $2,350 | −$950 (-40.4%) |
| 2BR | $2,800 | $2,885 | −$85 (-2.9%) |
| 2BR | $4,343 | $2,885 | +$1,458 (+50.5%) |
| 3BR | $3,200 | $3,443 | −$243 (-7.1%) |
| 3BR | $3,200 | $3,443 | −$243 (-7.1%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
| 4BR | $2,800 | $4,000 | −$1,200 (-30.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.