The rent prices in real estate in Elmhurst, 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 Elmhurst has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.57. In November this price barely changed remaining at $4.57 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 74 with regard to the previous two months. The price per sq.feet has had a considerable fall of 78 % 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 $3.99 to $3.12 during February, and March.
When referring to the price in Elmhurst (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,559. In November This price remains at $2,603. In the following two months the average price has hardly changed with regard to the previous two months from $2,581 to $2,654.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,617.75 and $2,506 between February and March.
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 $2,311 they are 15 % more affordable than the average price for Elmhurst . The properties with the highest average price have 3 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 4 bedrooms priced at $2,947.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.29 / sq.feet price in Elmhurst. The properties with the most expensive average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 1 bedroom with a price at $3.05 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,311 it is 12 % more affordable than the average price in Elmhurst. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,447 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $3 / sq.feet followed by "Condo" priced at $6 / sq.feet. "Condo" is the most expensive type of property with a $6 / sq.feet value followed by "House" with an average price of $3 / sq.feet.