The rent prices in real estate in New Castle, in the Pennsylvania 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 New Castle has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.74. In the following month the price per sq.feet fell considerably to $3.55. The price for the following two months in (December, January) had a considerable fall of 24 with regard to the previous two months. The price per sq.feet has had a considerable fall of 44 % 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 $2.58 to $1.12 during February, and March.
When referring to the price in New Castle (cities), this has fallen considerably in the last 6 months. The average price for October is $7,075. During November the price had a considerable fall till $5,036. During the following two months (December, January) the average price had a considerable fall of 16 % 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 $3,521.5 to $1,482.5, which means a 42 % 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 $913 they are 28 % more affordable than the average price for New Castle . The properties with the highest average price have 4 bedrooms, Their price is 1800 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,007.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.76 / sq.feet, with an average $0.92 / sq.feet price in New Castle. The properties with the most expensive average prices have 4 bedrooms. They are 987 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.03 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $913 it is 35 % more affordable than the average price in New Castle. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $949 it is 927 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $1 / sq.feet followed by "House" priced at $6 / sq.feet. "House" is the most expensive type of property with a $6 / sq.feet value followed by "Condo" with an average price of $1 / sq.feet.