The rent prices in real estate in Elmont, in the New York region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Elmont has fallen during the last 6 months. In November, the average price per sq.feet was $2.72. In December this price barely changed remaining at $2.72 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.72 to $2.6 per sq.feet. The price per sq.feet has fallen 92 % 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 $2.66 to $2.43 during March, and April.
When referring to the price in Elmont (cities), this has risen in the last 6 months. The average price during our first sample month during November, is $2,430. During December the price went through a considerable rise reaching $2,819. In the following two months the average price has hardly changed with regard to the previous two months from $2,624.5 to $2,720.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $2,881 they are 30 % more affordable than the average price for Elmont . The properties with the highest average price have 3 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,139.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.53 / sq.feet price in Elmont. The properties with the most affordable average prices have 1 bedroom. They are 4 % more affordable than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,881 it is 15 % more affordable than the average price in Elmont. "Duplex" is seen as the second most affordable property type. The most affordable property is "Farm" followed by "Townhouse". At a price of $2,691 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $125 / sq.feet followed by "Townhouse" priced at $127 / sq.feet. "Farm" is the most expensive type of property with a $130 / sq.feet value followed by "Townhouse" with an average price of $127 / sq.feet.