Property prices for rent in Newburgh (Indiana)
The rent prices in real estate in Newburgh, in the Indiana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Newburgh has fallen during the last 6 months. In October, the average price per sq.feet was $1.25. In November this price barely changed remaining at $1.3 per sq.feet. The price for the following two months in (December, January) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.22 to $1.13 during February, and March.
When referring to the price in Newburgh (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,815. In November This price remains at $1,746. During the following two months (December, January) the average price fell 94 % 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 $1,724.75 and $1,746 between February and March.
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 $1,818 they are 59 % more affordable than the average price for Newburgh . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,055.
With regard to the average prices per sq.feet those properties with 1 bedroom are 13 % more affordable than the average price of ($1 / sq.feet) in Newburgh. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 13 % more affordable than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $1,818 it is 48 % more affordable than the average price in Newburgh. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $2,341 it is 46 % more expensive than the average price.
According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.
