The rent prices in real estate in Lake Grove, in the New York region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Lake Grove has fallen during the last 6 months. In December, the average price per sq.feet was $3.03. In January this price barely changed remaining at $2.97 per sq.feet. The price for the following two months in (February, March) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $2.9 to $2.57 during April, and May.
When referring to the price in Lake Grove (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $2,199. In January This price remains at $2,221. During the following two months (February, March) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $2,482 they are 31 % more affordable than the average price for Lake Grove . The properties with the highest average price have 2 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 1 bedroom priced at $2,199.
According to average price per property type in Lake Grove, "" priced at $1,723 is 31 % lower than the average price ($2,482) in this city.