Property prices for rent in Merrick (New York)
The rent prices in real estate in Merrick, 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 Merrick has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.27. In the following month the price per sq.feet rose considerably to $2.63. In the following two months the price per sq.feet has practically remained the same, going from $2.45 to $2.47 per sq.feet. The price per sq.feet has had a considerable rise of 5413 % 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 $2.46 to $133.15 during March, and April.
When referring to the price in Merrick (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $3,387. In December This price remains at $3,490. During the following two months (January, February) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $3,707.25 to $3,016, which means a 81 % 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 $2,988 they are 16 % more affordable than the average price for Merrick . The properties with the highest average price have 3 bedrooms, Their price is 120 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,013.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.62 / sq.feet, with an average $2.19 / sq.feet price in Merrick. The properties with the most expensive average prices have 3 bedrooms. They are 5105 % more expensive than the average followed by properties with 1 bedroom with a price at $2.5 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most expensive one. At an cost of $2,988 it is 118 % more expensive than the average price in Merrick. "House" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Commercial". At a price of $6,504 it is 120 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Commercial" at an average price of $104 / sq.feet followed by "House" priced at $114 / sq.feet. "House" is the most expensive type of property with a $114 / sq.feet value followed by "Commercial" with an average price of $104 / sq.feet.
