The rent prices in real estate in Freeport, 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 Freeport has had a strong fall during the last 6 months. In March, the average price per sq.feet was $5.57. In the following month the price per sq.feet rose considerably to $6.56. The price for the following two months in (May, June) had a considerable fall of 57 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $4.76 to $3.83 during July, and August.
When referring to the price in Freeport (cities), this has fallen considerably in the last 6 months. The rent price in March is $5,189, rising in April till $5,606. During the following two months (May, June) the average price had a considerable fall of 62 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $4,373.25 to $3,090.5, which means a 71 % fall.
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 $3,043 they are 24 % more affordable than the average price for Freeport . The properties with the highest average price have 4 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,750.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.52 / sq.feet, with an average $3.87 / sq.feet price in Freeport. The properties with the most expensive average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 1 bedroom with a price at $4.16 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,043 it is 29 % more affordable than the average price in Freeport. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $2,600 it is 17 % 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 $3.64 / sq.feet followed by "Apartment" priced at $3.66 / sq.feet. "Condo" is the most expensive type of property with a $4.51 / sq.feet value followed by "Apartment" with an average price of $3.66 / sq.feet.