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 October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $2.25. The price for the following two months in (December, January) had a considerable rise of 396 %. The price per sq.feet has had a considerable rise of 943 % 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 $2.79 to $26.32 during February, and March.
When referring to the price in Bronx (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $2,044. During the following two months (December, January) the average price had a considerable rise of 212 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 129 % 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 $2,017 they are 21 % more affordable than the average price for Bronx . The properties with the highest average price have 4 bedrooms, Their price is 66 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,822.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $25.93 / sq.feet, with an average $35.47 / sq.feet price in Bronx. The properties with the most expensive average prices have 4 bedrooms. They are 255 % more expensive than the average followed by properties with 3 bedrooms with a price at $72.19 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,017 it is 14 % more affordable than the average price in Bronx. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,231 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2.47 / sq.feet followed by "Apartment" priced at $2.57 / sq.feet. "House" is the most expensive type of property with a $61.39 / sq.feet value followed by "Townhouse" with an average price of $41 / sq.feet.