Property prices for rent in Hempstead (New York)
The rent prices in real estate in Hempstead, in the New York region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Hempstead has risen during the last 6 months. In October, the average price per sq.feet was $2.39. In the following month the price per sq.feet fell considerably to $1.72. The price for the following two months in (December, January) had a considerable rise of 118 %. The price per sq.feet has had a considerable rise of 147 % 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 $2.24 to $3.28 during February, and March.
When referring to the price in Hempstead (cities), this has risen considerably in the last 6 months. The average price for October is $2,243. During November the price had a considerable fall till $1,633. During the following two months (December, January) the average price had a considerable rise of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 156 % 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 $3,498 they are 20 % more affordable than the average price for Hempstead . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,804.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.17 / sq.feet, with an average $3.29 / sq.feet price in Hempstead. The properties with the most expensive average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at $3.54 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,498 it is 18 % more affordable than the average price in Hempstead. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $3,531 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $3.26 / sq.feet followed by "House" priced at $3.33 / sq.feet. "Condo" is the most expensive type of property with a $4.36 / sq.feet value followed by "House" with an average price of $3.33 / sq.feet.
