Monthly Rent Report
Sheepshead Bay Rent Report — October 2024
Asking rents in ZIP 11229, New York City, from 25 listings.
Median 1BR rent in Sheepshead Bay was $1,700 in October 2024, flat versus September 2024 and down 4.4% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Sheepshead Bay $606 below the New York City citywide 1BR median of $2,306. The month's figures are based on 25 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,500 | +$2,500 (+125.0%) | +$2,205 (+96.1%) | $3,350 – $6,500 | 7 |
| Studio | $3,999 | +$1,999 (+100.0%) | +$1,704 (+74.2%) | $3,999 – $3,999 | 2 |
| 1BR | $1,700 | $0 (0.0%) | −$79 (-4.4%) | $1,700 – $1,700 | 1 |
| 2BR | $2,425 | −$225 (-8.5%) | −$570 (-19.0%) | $2,400 – $2,450 | 8 |
| 3BR | $2,700 | −$795 (-22.7%) | −$600 (-18.2%) | $2,325 – $3,275 | 7 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — October 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,500 | $2,550 | +$1,950 (+76.5%) |
| Studio | $3,999 | $2,550 | +$1,449 (+56.8%) |
| 1BR | $1,700 | $2,306 | −$606 (-26.3%) |
| 2BR | $2,425 | $2,914 | −$488 (-16.8%) |
| 3BR | $2,700 | $3,519 | −$819 (-23.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.