The rent prices in real estate in Jamaica, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Jamaica has risen strongly during the last 6 months. In April, the average price per sq.feet was $4.65. In the following month the price per sq.feet fell considerably to $2.41. The price for the following two months in (June, July) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable rise of 328 % 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 $3 to $9.82 during August, and September.
When referring to the price in Jamaica (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $1,652. During May the price went through a considerable rise reaching $2,060. During the following two months (June, July) the price has had an average rise from $1,856 to $2,117.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $2,335 they are 21 % more affordable than the average price for Jamaica . 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 $2,547.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.24 / sq.feet, with an average $2.48 / sq.feet price in Jamaica. The properties with the most expensive average prices have 2 bedrooms. They are 783 % more expensive than the average followed by properties with 1 bedroom with a price at $2.91 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,335 it is 3 % more affordable than the average price in Jamaica. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $2,745 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $2.53 / sq.feet followed by "Condo" priced at $2.61 / sq.feet. "Condo" is the most expensive type of property with a $2.61 / sq.feet value followed by "House" with an average price of $2.53 / sq.feet.