The rent prices in real estate in Little Neck, 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 Little Neck has risen strongly during the last 6 months. In November, the average price per sq.feet was $2. In the following month the price per sq.feet rose considerably to $2.83. The price for the following two months in (January, February) had a considerable rise of 1823 %. The price per sq.feet has had a considerable fall of 14 % 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 $23.23 to $3.28 during March, and April.
When referring to the price in Little Neck (cities), this has risen in the last 6 months. The average price for November is $3,874. During December the price had a considerable fall till $3,193. During the following two months (January, February) the average price fell 92 % 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 169 % 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 $6,000 they are 67 % more affordable than the average price for Little Neck . Based on the bedrooms values, properties with the most affordable rent prices are those with 3 bedrooms. They are 54 % more affordable than the average aforementioned.