The rent prices in real estate in Mohegan Lake, 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 Mohegan Lake has risen strongly during the last 6 months. In August, the average price per sq.feet was $1. In the following month the price per sq.feet rose considerably to $2.36. In the following two months the price per sq.feet has risen 111 %, going from $1.68 to $1.87 per sq.feet. The price per sq.feet has had a considerable rise of 128 % 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 $1.77 to $2.27 during December, and January.
When referring to the price in Mohegan Lake (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is $2,024. During September the price went through a considerable rise reaching $3,275. During the following two months (October, November) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,578 and $2,572.5 between December and January.
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 $2,707 they are 40 % more affordable than the average price for Mohegan Lake . The properties with the lowest average price have 2 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 3 bedrooms priced at $1,800.
According to average price per property type in Mohegan Lake, "" priced at $1,800 is 34 % lower than the average price ($2,707) in this city.