Monthly Rent Report
Sheepshead Bay Rent Report — September 2024
Asking rents in ZIP 11229, New York City, from 71 listings.
Median 1BR rent in Sheepshead Bay was $1,700 in September 2024, down 28.4% (−$675) from August 2024 and down 42.4% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,725. That puts Sheepshead Bay $693 below the New York City citywide 1BR median of $2,393. The month's figures are based on 71 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | −$3,999 (-66.7%) | −$125 (-5.9%) | $1,736 – $5,750 | 20 |
| 1BR | $1,700 | −$675 (-28.4%) | −$1,250 (-42.4%) | $1,600 – $1,725 | 3 |
| 2BR | $2,650 | −$350 (-11.7%) | −$350 (-11.7%) | $2,271 – $2,900 | 23 |
| 3BR | $3,495 | +$695 (+24.8%) | −$80 (-2.2%) | $2,750 – $4,800 | 21 |
| 4BR | $3,000 | −$400 (-11.8%) | −$247 (-7.6%) | $3,000 – $3,075 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — September 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $2,369 | −$369 (-15.6%) |
| 1BR | $1,700 | $2,393 | −$693 (-29.0%) |
| 2BR | $2,650 | $2,900 | −$250 (-8.6%) |
| 3BR | $3,495 | $3,598 | −$102 (-2.8%) |
| 4BR | $3,000 | $4,295 | −$1,295 (-30.2%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.