Property prices for rent in Far Rockaway (New York)
The rent prices in real estate in Far Rockaway, 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 Far Rockaway has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.2. In the following month the price per sq.feet fell considerably to $3.42. The price for the following two months in (December, January) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $3.41 to $3.58 during February y March
When referring to the price in Far Rockaway (cities), this has risen in the last 6 months. The average price for October is $3,233. During November the price had a slight fall till $2,759. In the following two months the average price has hardly changed with regard to the previous two months from $2,996 to $3,052.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 150 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $4,249 they are 53 % more affordable than the average price for Far Rockaway . The properties with the highest average price have 4 bedrooms, Their price is 536 % more expensive than the average. After that we have properties with 1 bedroom priced at $10,088.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.29 / sq.feet, with an average $3.5 / sq.feet price in Far Rockaway. The properties with the most expensive average prices have 4 bedrooms. They are 481 % more expensive than the average followed by properties with 1 bedroom with a price at $10.69 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,249 it is 34 % more affordable than the average price in Far Rockaway. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "House". At a price of $5,087 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $3.73 / sq.feet followed by "Apartment" priced at $6.28 / sq.feet. "Apartment" is the most expensive type of property with a $6.28 / sq.feet value followed by "House" with an average price of $3.73 / sq.feet.
