The rent prices in real estate in Albany, 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 Albany has risen during the last 6 months. In January, the average price per sq.feet was $1.49. In February this price barely changed remaining at $1.47 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from $1.48 to $1.58 per sq.feet. The price per sq.feet has risen 108 % 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 $1.53 to $1.65 during May, and June.
When referring to the price in Albany (cities), this has risen in the last 6 months. In our first sample month during January, the average price is $1,394. In February This price remains at $1,412. During the following two months (March, April) the price has had an average rise from $1,403 to $1,487. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.
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 $1,670 they are 29 % more affordable than the average price for Albany . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,496.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.37 / sq.feet, with an average $1.81 / sq.feet price in Albany. The properties with the most expensive average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $1.78 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,670 it is 10 % more affordable than the average price in Albany. "Apartment" is seen as the second most affordable property type. The most expensive property type is "" followed by "Apartment". At a price of $1,665 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.14 / sq.feet followed by "Apartment" priced at $1.83 / sq.feet. "Apartment" is the most expensive type of property with a $1.83 / sq.feet value followed by "House" with an average price of $1.14 / sq.feet.