The rent prices in real estate in Forest Hills, 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 Forest Hills has fallen during the last 6 months. In May, the average price per sq.feet was $11.81. In June this price barely changed remaining at $11.83 per sq.feet. The price for the following two months in (July, August) had a considerable rise of 145 %. The price per sq.feet has had a considerable fall of 19 % 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 $14.45 to $2.81 during September, and October.
When referring to the price in Forest Hills (cities), this has risen considerably in the last 6 months. The rent price in May is $1,995, rising in June till $2,243. During the following two months (July, August) the price has had an average rise from $2,119 to $2,287.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $2,532 they are 20 % more affordable than the average price for Forest Hills . The properties with the highest average price have 4 bedrooms, Their price is 87 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,981.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.17 / sq.feet, with an average $2.76 / sq.feet price in Forest Hills. The properties with the most affordable average prices have 2 bedrooms. They are 1 % more affordable than the average followed by properties with 1 bedroom with a price at $2.71 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,532 it is 12 % more affordable than the average price in Forest Hills. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Office". At a price of $3,087 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $2 / sq.feet followed by "House" priced at $2.34 / sq.feet. "Office" is the most expensive type of property with a $31 / sq.feet value followed by "Apartment" with an average price of $2.93 / sq.feet.