Monthly Rent Report
Sheepshead Bay Rent Report — August 2024
Asking rents in ZIP 11229, New York City, from 28 listings.
Median 1BR rent in Sheepshead Bay was $2,375 in August 2024, up 8.0% (+$175) from July 2024 and up 33.8% year-over-year. The middle half of 1BR listings asked between $2,375 and $2,375. That puts Sheepshead Bay in line with the New York City citywide 1BR median of $2,390. The month's figures are based on 28 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,800 | +$3,000 (+78.9%) | −$1,200 (-15.0%) | $5,999 – $10,000 | 15 |
| Studio | $5,999 | +$2,199 (+57.9%) | −$2,001 (-25.0%) | $5,999 – $5,999 | 1 |
| 1BR | $2,375 | +$175 (+8.0%) | +$600 (+33.8%) | $2,375 – $2,375 | 1 |
| 1BR | $2,300 | +$100 (+4.5%) | +$525 (+29.6%) | $2,300 – $2,300 | 2 |
| 2BR | $3,000 | +$300 (+11.1%) | −$700 (-18.9%) | $3,000 – $3,000 | 1 |
| 3BR | $2,800 | −$806 (-22.4%) | −$100 (-3.4%) | $2,800 – $2,800 | 1 |
| 4BR | $3,400 | −$100 (-2.9%) | −$600 (-15.0%) | $3,325 – $3,475 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — August 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,800 | $2,500 | +$4,300 (+172.0%) |
| Studio | $5,999 | $2,500 | +$3,499 (+140.0%) |
| 1BR | $2,375 | $2,390 | −$15 (-0.6%) |
| 1BR | $2,300 | $2,390 | −$90 (-3.8%) |
| 2BR | $3,000 | $2,900 | +$100 (+3.5%) |
| 3BR | $2,800 | $3,603 | −$803 (-22.3%) |
| 4BR | $3,400 | $4,225 | −$825 (-19.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.