The rent prices in real estate in Bronx, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bronx has risen strongly during the last 6 months. In June, the average price per sq.feet was $2.63. In the following month the price per sq.feet rose considerably to $5.05. In the following two months the price per sq.feet has risen 107 %, going from $3.84 to $4.11 per sq.feet. The price per sq.feet has had a considerable fall of 76 % 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 $3.97 to $3.01 during October, and November.
When referring to the price in Bronx (cities), this has risen in the last 6 months. In our first sample month during June, the average price is $2,223. In July This price remains at $2,324. During the following two months (August, September) the price has had an average rise from $2,273.5 to $2,466.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $2,588 they are 20 % more affordable than the average price for Bronx . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,815.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.35 / sq.feet, with an average $2.95 / sq.feet price in Bronx. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $2,588 it is 22 % more affordable than the average price in Bronx. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,889 it is 137 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2 / sq.feet followed by "Apartment" priced at $2.99 / sq.feet. "Duplex" is the most expensive type of property with a $17 / sq.feet value followed by "Condo" with an average price of $5.12 / sq.feet.