Monthly Rent Report
Sheepshead Bay Rent Report — December 2024
Asking rents in ZIP 11229, New York City, from 37 listings.
Median 1BR rent in Sheepshead Bay was $1,800 in December 2024, up 2.9% (+$50) from November 2024 and up 0.3% year-over-year. The middle half of 1BR listings asked between $1,800 and $1,800. That puts Sheepshead Bay $680 below the New York City citywide 1BR median of $2,480. The month's figures are based on 37 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $12,500 | +$10,750 (+614.3%) | +$9,000 (+257.1%) | $4,625 – $12,500 | 6 |
| Studio | $7,250 | +$5,500 (+314.3%) | +$3,750 (+107.1%) | $4,625 – $9,875 | 2 |
| 1BR | $1,800 | +$50 (+2.9%) | +$5 (+0.3%) | $1,800 – $1,800 | 1 |
| 1BR | $1,999 | +$249 (+14.2%) | +$204 (+11.4%) | $1,935 – $2,075 | 7 |
| 2BR | $3,300 | +$586 (+21.6%) | −$350 (-9.6%) | $3,000 – $3,700 | 13 |
| 2BR | $3,700 | +$986 (+36.3%) | +$50 (+1.4%) | $3,700 – $3,700 | 2 |
| 3BR | $2,800 | −$600 (-17.6%) | −$300 (-9.7%) | $2,800 – $3,500 | 5 |
| 3BR | $3,500 | +$100 (+2.9%) | +$400 (+12.9%) | $3,500 – $3,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Sheepshead Bay vs. New York City — December 2024
| Bedrooms | Sheepshead Bay Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $12,500 | $2,525 | +$9,975 (+395.0%) |
| Studio | $7,250 | $2,525 | +$4,725 (+187.1%) |
| 1BR | $1,800 | $2,480 | −$679 (-27.4%) |
| 1BR | $1,999 | $2,480 | −$480 (-19.4%) |
| 2BR | $3,300 | $2,975 | +$325 (+10.9%) |
| 2BR | $3,700 | $2,975 | +$725 (+24.4%) |
| 3BR | $2,800 | $3,546 | −$745 (-21.0%) |
| 3BR | $3,500 | $3,546 | −$45 (-1.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.