The rent prices in real estate in Babylon, in the New York region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Babylon has had a strong fall during the last 6 months. In October, the average price per sq.feet was $574.56. In the following month the price per sq.feet fell to $503.03. The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 1 % 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 $270.2 to $2 during February, and March.
When referring to the price in Babylon (cities), there have hardly been any changes in the last 6 months. The average price for October is $2,886. During November the price had a slight fall till $2,726. In the following two months the average price has hardly changed with regard to the previous two months from $2,806 to $2,860. Based on an analysis of the first four prices and the last two months the average price has increased 110 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $2,806 they are 12 % more affordable than the average price for Babylon . The properties with the highest average price have 3 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,571.
With regard to the average prices per sq.feet those properties with 1 bedroom are 50 % more affordable than the average price of ($1 / sq.feet) in Babylon. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 50 % more affordable than the average value aforementioned.
According to average price per property type in Babylon, "" priced at $5,245 is 87 % more expensive than the average price ($2,806) in this city.