The rent prices in real estate in Jamaica, 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 Jamaica has had a strong fall during the last 6 months. In July, the average price per sq.feet was $28.3. In the following month the price per sq.feet fell considerably to $2.65. The price for the following two months in (September, October) had a considerable fall of 59 with regard to the previous two months. The price per sq.feet has had a considerable fall of 22 % 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 $12.27 to $2.66 during November, and December.
When referring to the price in Jamaica (cities), this has risen in the last 6 months. The rent price in July is $1,974, rising in August till $2,148. In the following two months the average price has hardly changed with regard to the previous two months from $2,061 to $2,113.5. 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 $2,087.25 and $2,127.5 between November and December.
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 $2,129 they are 13 % more affordable than the average price for Jamaica . The properties with the highest average price have 3 bedrooms, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,351.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.59 / sq.feet, with an average $2.67 / sq.feet price in Jamaica. The properties with the most expensive average prices have 3 bedrooms. They are 1274 % more expensive than the average followed by properties with 1 bedroom with a price at $2.74 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $2,129 it is 1 % more expensive than the average price in Jamaica. "Condo" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "". At a price of $2,153 it is 14 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "Condo with an average cost of $1 / sq.feet. "Condo" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.