The rent prices in real estate in Jackson Heights, 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 Jackson Heights has had a strong fall during the last 6 months. In May, the average price per sq.feet was $18.21. In the following month the price per sq.feet fell to $15.84. The price for the following two months in (July, August) had a considerable fall of 73 with regard to the previous two months. The price per sq.feet has had a considerable fall of 18 % 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 $14.73 to $2.72 during September, and October.
When referring to the price in Jackson Heights (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,917. In June This price remains at $1,917. In the following two months the average price has hardly changed with regard to the previous two months from $1,917 to $1,901. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $2,041 they are 5 % more affordable than the average price for Jackson Heights . The properties with the highest average price have 2 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,090.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.46 / sq.feet, with an average $3 / sq.feet price in Jackson Heights. The properties with the most expensive average prices have 2 bedrooms. They are 1337 % more expensive than the average followed by properties with 1 bedroom with a price at $2.46 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $2,041 it is 2 % more expensive than the average price in Jackson Heights. "Duplex" is seen as the second most expensive property type. The most expensive property type is "Duplex" followed by "". At a price of $2,075 it is 4 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Duplex with an average cost of $7 / sq.feet. "Duplex" at an average price of $7 / sq.feet has the highest price and would be directed at more affluent cities.