The rent prices in real estate in Cortland, 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 Cortland has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2.21. In the following month the price per sq.feet fell to $2.05. The price for the following two months in (January, February) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 $1.94 to $1.53 during March, and April.
When referring to the price in Cortland (cities), this has fallen considerably in the last 6 months. The average price for November is $2,225. During December the price had a slight fall till $2,063. During the following two months (January, February) the average price had a considerable fall of 85 % 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 $1,982.75 to $1,653, which means a 83 % 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 $1,736 they are 22 % more affordable than the average price for Cortland . The properties with the highest average price have 4 bedrooms, Their price is 75 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,450.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.48 / sq.feet price in Cortland. The properties with the most expensive average prices have 3 bedrooms. They are 47 % more expensive than the average followed by properties with 4 bedrooms with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,736 it is 47 % more affordable than the average price in Cortland. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $2,971 it is 118 % 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 $1 / sq.feet followed by "House" priced at $2 / sq.feet. "House" is the most expensive type of property with a $2 / sq.feet value followed by "Condo" with an average price of $1 / sq.feet.