Monthly Rent Report
Sunset Park Rent Report — July 2024
Asking rents in ZIP 11232, New York City, from 48 listings.
Median 1BR rent in Sunset Park was $3,750 in July 2024, up 31.6% (+$900) from June 2024 and up 97.4% year-over-year. The middle half of 1BR listings asked between $3,563 and $3,969. That puts Sunset Park $1,250 above the New York City citywide 1BR median of $2,500. The month's figures are based on 48 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,100 | +$50 (+1.6%) | +$800 (+34.8%) | $3,025 – $3,197 | 7 |
| Studio | $3,050 | $0 (0.0%) | +$750 (+32.6%) | $2,850 – $3,175 | 6 |
| 1BR | $3,750 | +$900 (+31.6%) | +$1,850 (+97.4%) | $3,563 – $3,969 | 7 |
| 1BR | $2,500 | −$350 (-12.3%) | +$600 (+31.6%) | $2,500 – $2,500 | 3 |
| 2BR | $4,320 | +$1,120 (+35.0%) | +$820 (+23.4%) | $3,898 – $4,480 | 11 |
| 2BR | $2,300 | −$900 (-28.1%) | −$1,200 (-34.3%) | $2,300 – $2,300 | 1 |
| 3BR | $3,800 | −$274 (-6.7%) | +$310 (+8.9%) | $3,748 – $4,523 | 3 |
| 3BR | $3,900 | −$174 (-4.3%) | +$410 (+11.7%) | $3,838 – $4,300 | 8 |
| 4BR | $5,449 | — | — | $5,449 – $5,449 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — July 2024
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,100 | $2,800 | +$300 (+10.7%) |
| Studio | $3,050 | $2,800 | +$250 (+8.9%) |
| 1BR | $3,750 | $2,500 | +$1,250 (+50.0%) |
| 1BR | $2,500 | $2,500 | $0 (0.0%) |
| 2BR | $4,320 | $3,000 | +$1,320 (+44.0%) |
| 2BR | $2,300 | $3,000 | −$700 (-23.3%) |
| 3BR | $3,800 | $3,606 | +$194 (+5.4%) |
| 3BR | $3,900 | $3,606 | +$294 (+8.2%) |
| 4BR | $5,449 | $4,500 | +$949 (+21.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.