The rent prices in real estate in Farmingdale, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Farmingdale has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.86. In December this price barely changed remaining at $2.95 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 122 %. The price per sq.feet has had a considerable rise of 882 % 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 $3.23 to $28.5 during March, and April.
When referring to the price in Farmingdale (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $3,197. In December This price remains at $3,044. During the following two months (January, February) the average price had a considerable fall of 84 % with regard to the previous two months. 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 $2,864 and $2,864 between March and April.
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 $3,234 they are 19 % more affordable than the average price for Farmingdale . The properties with the lowest average price have 2 bedrooms, Their price is 10 % more affordable than the average. After that we have properties with 3 bedrooms priced at $2,895.
With regard to the average prices per sq.feet those properties with 3 bedrooms are 150 % more expensive than the average price of ($5 / sq.feet) in Farmingdale. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 150 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,234 it is 14 % more affordable than the average price in Farmingdale. "Apartment" is seen as the second most affordable property type. The most affordable property is "Apartment" followed by "". At a price of $2,776 it is 10 % more affordable than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $5 / sq.feet. "Apartment" at an average price of $5 / sq.feet has the highest price and would be directed at more affluent cities.