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 September, the average price per sq.feet was $33.04. In the following month the price per sq.feet fell considerably to $2.85. The price for the following two months in (November, December) had a considerable fall of 15 with regard to the previous two months. The price per sq.feet has had a considerable fall of 31 % 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 $10.31 to $3.14 during January, and February.
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 September, the average price is $2,358. In October This price remains at $2,269. In the following two months the average price has hardly changed with regard to the previous two months from $2,313.5 to $2,203.5. 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 $2,258.5 and $2,339.5 between January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,406 they are 16 % more affordable than the average price for Jackson Heights . The properties with the highest average price have 2 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,073.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $3.02 / sq.feet, with an average $3.34 / sq.feet price in Jackson Heights. The properties with the most expensive average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at $3.02 / sq.feet.
According to average price per property type in Jackson Heights, "" priced at $2,000 is 17 % lower than the average price ($2,406) in this city.