The rent prices in real estate in Buffalo, in the New York region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Buffalo has risen during the last 6 months. In October, the average price per sq.feet was $1.41. In November this price barely changed remaining at $1.44 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.42 to $1.39 per sq.feet. The price per sq.feet has risen 114 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.41 to $1.61 during February, and March.
When referring to the price in Buffalo (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,537. In November This price remains at $1,561. In the following two months the average price has hardly changed with regard to the previous two months from $1,549 to $1,589.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,569.25 and $1,615.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,606 they are 15 % more affordable than the average price for Buffalo . The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,755.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.11 / sq.feet, with an average $1.66 / sq.feet price in Buffalo. The properties with the most affordable average prices have 1 bedroom. They are 2 % more affordable than the average followed by properties with 4 bedrooms with a price at $1.46 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,606 it is 0 % more expensive than the average price in Buffalo. "Condo" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condo". At a price of $2,741 it is 103 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $1.7 / sq.feet followed by "Condo" priced at $1.71 / sq.feet. "Condo" is the most expensive type of property with a $1.71 / sq.feet value followed by "House" with an average price of $1.7 / sq.feet.