The rent prices in real estate in Mechanicville, 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 Mechanicville has had a strong fall during the last 6 months. In February, the average price per sq.feet was $1. In March this price barely changed remaining at $1 per sq.feet. The price for the following two months in (April, May) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % 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 $0.74 to during June, and July.
When referring to the price in Mechanicville (cities), this has risen in the last 6 months. The average price during our first sample month during February, is $943. During March the price went through a considerable rise reaching $1,118. During the following two months (April, May) the price has had an average rise from $1,030.5 to $1,102.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,066.5 to $985 in June and July.
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 $985 they are 13 % more affordable than the average price for Mechanicville . The properties with the lowest average price have 2 bedrooms, Their price is 1 % more affordable than the average. After that we have properties with 3 bedrooms priced at $970.
According to average price per property type in Mechanicville, "" priced at $970 is 2 % lower than the average price ($985) in this city.