Monthly Rent Report
Sheepshead Bay Rent Report — November 2024
Asking rents in ZIP 11229, New York City, from 26 listings.
Median 1BR rent in Sheepshead Bay was $1,750 in November 2024, up 2.9% (+$50) from October 2024 and up 16.7% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts Sheepshead Bay $700 below the New York City citywide 1BR median of $2,450. The month's figures are based on 26 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$2,249 (-56.2%) | −$7,750 (-81.6%) | $1,750 – $1,750 | 3 |
| Studio | $1,750 | −$2,249 (-56.2%) | −$7,750 (-81.6%) | $1,750 – $1,750 | 1 |
| 1BR | $1,750 | +$50 (+2.9%) | +$250 (+16.7%) | $1,750 – $1,750 | 1 |
| 1BR | $2,200 | +$500 (+29.4%) | +$700 (+46.7%) | $2,200 – $2,200 | 4 |
| 2BR | $2,714 | +$289 (+11.9%) | +$214 (+8.6%) | $2,235 – $3,100 | 9 |
| 3BR | $3,400 | +$700 (+25.9%) | −$175 (-4.9%) | $3,300 – $3,500 | 4 |
| 3BR | $3,400 | +$700 (+25.9%) | −$175 (-4.9%) | $3,300 – $3,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — November 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $2,383 | −$633 (-26.6%) |
| Studio | $1,750 | $2,383 | −$633 (-26.6%) |
| 1BR | $1,750 | $2,450 | −$700 (-28.6%) |
| 1BR | $2,200 | $2,450 | −$250 (-10.2%) |
| 2BR | $2,714 | $2,950 | −$236 (-8.0%) |
| 3BR | $3,400 | $3,600 | −$200 (-5.6%) |
| 3BR | $3,400 | $3,600 | −$200 (-5.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.