The rent prices in real estate in East Moriches, 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 East Moriches has had a strong fall during the last 6 months. In October, the average price per sq.feet was $2,505.24. In the following month the price per sq.feet fell considerably to $4.66. 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 $629.54 to $6.35 during February, and March.
When referring to the price in East Moriches (cities), this has fallen considerably in the last 6 months. The average price for October is $14,167. During November the price had a considerable fall till $7,983. During the following two months (December, January) the average price had a considerable fall of 64 % 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 158 % 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 $17,269 they are 86 % more affordable than the average price for East Moriches . The properties with the highest average price have 4 bedrooms, Their price is 16 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,988.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2 / sq.feet, with an average $7.49 / sq.feet price in East Moriches. The properties with the most expensive average prices have 4 bedrooms. They are 49927 % more expensive than the average followed by properties with 1 bedroom with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $17,269 it is 83 % more affordable than the average price in East Moriches. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $2,972 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $1 / sq.feet followed by "House" priced at $5,920 / sq.feet. "House" is the most expensive type of property with a $5,920 / sq.feet value followed by "Apartment" with an average price of $1 / sq.feet.