The rent prices in real estate in New York, 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 New York has risen strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to $4.99. The price for the following two months in (December, January) had a considerable rise of 774 %. The price per sq.feet has had a considerable rise of 531 % 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 $10.9 to $57.9 during February, and March.
When referring to the price in New York (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $4,015. During the following two months (December, January) the average price had a considerable rise of 189 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 133 % during the last two months.
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 $3,695 they are 13 % more affordable than the average price for New York . The properties with the highest average price have 4 bedrooms, Their price is 89 % more expensive than the average. After that we have properties with 3 bedrooms priced at $5,529.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of $76.46 / sq.feet, with an average $71.06 / sq.feet price in New York. The properties with the most expensive average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $82.57 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $3,695 it is 25 % more affordable than the average price in New York. "Condo" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Townhouse". At a price of $3,989 it is 220 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $4.05 / sq.feet followed by "House" priced at $6.01 / sq.feet. "Townhouse" is the most expensive type of property with a $162.35 / sq.feet value followed by "Apartment" with an average price of $73.79 / sq.feet.