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 November, the average price per sq.feet was $5.98. In the following month the price per sq.feet fell considerably to $3.47. The price for the following two months in (January, February) had a considerable fall of 75 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $4.14 to $3.81 during March, and April.
When referring to the price in Jackson Heights (cities), this has fallen considerably in the last 6 months. The average price for November is $5,856. During December the price had a considerable fall till $2,428. During the following two months (January, February) the average price had a considerable fall of 57 % 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 $3,260 to $2,569.5, which means a 79 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of $2,502 they are 23 % more expensive than the average price for Jackson Heights. Following this ranking we find those properties with 1 at an average price of $3,403. The properties with the highest average price have 4 bedrooms, Their price is 238 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,061.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.54 / sq.feet, with an average $3.67 / sq.feet price in Jackson Heights. The properties with the most expensive average prices have 3 bedrooms. They are 63 % more expensive than the average followed by properties with 1 bedroom with a price at $4.41 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,502 it is 20 % more affordable than the average price in Jackson Heights. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,728 it is 149 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $4 / sq.feet followed by "House" priced at $6 / sq.feet. "House" is the most expensive type of property with a $6 / sq.feet value followed by "Condo" with an average price of $4 / sq.feet.