Monthly Rent Report
Sunset Park Rent Report — August 2024
Asking rents in ZIP 11220, New York City, from 14 listings.
Median 1BR rent in Sunset Park was $1,900 in August 2024, up 58.3% (+$700) from July 2024 and down 24.0% year-over-year. The middle half of 1BR listings asked between $1,850 and $1,950. That puts Sunset Park $490 below the New York City citywide 1BR median of $2,390. The month's figures are based on 14 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $15,000 | +$13,025 (+659.5%) | +$12,500 (+500.0%) | $15,000 – $15,000 | 1 |
| 1BR | $1,900 | +$700 (+58.3%) | −$600 (-24.0%) | $1,850 – $1,950 | 2 |
| 2BR | $2,550 | −$305 (-10.7%) | −$575 (-18.4%) | $2,400 – $2,750 | 4 |
| 3BR | $3,075 | +$175 (+6.0%) | +$50 (+1.7%) | $3,050 – $3,150 | 4 |
| 4BR | $3,200 | −$1,150 (-26.4%) | −$100 (-3.0%) | $3,200 – $3,200 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — August 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $15,000 | $2,500 | +$12,500 (+500.0%) |
| 1BR | $1,900 | $2,390 | −$490 (-20.5%) |
| 2BR | $2,550 | $2,900 | −$350 (-12.1%) |
| 3BR | $3,075 | $3,603 | −$528 (-14.7%) |
| 4BR | $3,200 | $4,225 | −$1,025 (-24.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.