Property prices for rent in Melville (New York)
The rent prices in real estate in Melville, 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 Melville has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.12. In the following month the price per sq.feet fell to $2.83. The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 12969 % 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 $2.87 to $372.21 during February, and March.
When referring to the price in Melville (cities), there have hardly been any changes in the last 6 months. The rent price in October is $3,912, rising in November till $4,174. In the following two months the average price has hardly changed with regard to the previous two months from $4,043 to $4,192.5. During the last two months the average price has fallen greatly compared to the previous four going from $4,117.75 to $3,485.5, which means a 85 % fall.
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 $3,290 they are 43 % more affordable than the average price for Melville . The properties with the highest average price have 4 bedrooms, Their price is 127 % more expensive than the average. After that we have properties with 2 bedrooms priced at $4,398.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $4.4 / sq.feet price in Melville. The properties with the most affordable average prices have 2 bedrooms. They are 55 % more affordable than the average followed by properties with 1 bedroom with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $3,290 it is 8 % more affordable than the average price in Melville. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $4,335 it is 53 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.
