Property prices for rent in New York (New York)
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 December, the average price per sq.feet was $5.93. In the following month the price per sq.feet rose to $6.73. The price for the following two months in (February, March) had a considerable rise of 234 %. The price per sq.feet has had a considerable rise of 147 % 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 $10.57 to $15.56 during April, and May.
When referring to the price in New York (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $4,546. In January This price remains at $4,741. In the following two months the average price has hardly changed with regard to the previous two months from $4,643.5 to $4,491.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 $6,123 they are 21 % more affordable than the average price for New York . The properties with the highest average price have 4 bedrooms, Their price is 191 % more expensive than the average. After that we have properties with 3 bedrooms priced at $8,518.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $5.16 / sq.feet, with an average $6.24 / sq.feet price in New York. The properties with the most expensive average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at $6.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $6,123 it is 52 % 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 "Townhouse" followed by "House". At a price of $8,104 it is 326 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $2.57 / sq.feet followed by "Condo" priced at $6.24 / sq.feet. "Commercial" is the most expensive type of property with a $7.71 / sq.feet value followed by "Townhouse" with an average price of $7.28 / sq.feet.
