The rent prices in real estate in Buffalo, 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 Buffalo has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.44. In December this price barely changed remaining at $2.53 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has had a considerable fall of 58 % 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 $2.12 to $1.24 during March, and April.
When referring to the price in Buffalo (cities), this has fallen considerably in the last 6 months. The rent price in November is $2,314, rising in December till $2,430. During the following two months (January, February) the average price had a considerable fall of 70 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,020.75 to $1,315, which means a 65 % fall.
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 $1,404 they are 19 % more affordable than the average price for Buffalo . The properties with the highest average price have 4 bedrooms, Their price is 871 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,448.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.09 / sq.feet, with an average $1.26 / sq.feet price in Buffalo. The properties with the most expensive average prices have 4 bedrooms. They are 217 % more expensive than the average followed by properties with 1 bedroom with a price at $1.41 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of $1,404 it is 37 % more expensive than the average price in Buffalo. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $1,923 it is 48 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $2 / sq.feet. "House" at an average price of $2 / sq.feet has the highest price and would be directed at more affluent cities.