The rent prices in real estate in Newburgh, in the New York 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 Newburgh has had a strong fall during the last 6 months. In May, the average price per sq.feet was $12.5. In the following month the price per sq.feet fell considerably to $3.09. The price for the following two months in (July, August) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has had a considerable fall of 24 % 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 $6.69 to $1.6 during September, and October.
When referring to the price in Newburgh (cities), this has risen in the last 6 months. The rent price in May is $1,440, rising in June till $1,551. During the following two months (July, August) the price has had an average rise from $1,495.5 to $1,581.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % 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 $1,605 they are 22 % more affordable than the average price for Newburgh . The properties with the highest average price have 3 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,635.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.56 / sq.feet price in Newburgh. The properties with the most expensive average prices have 1 bedroom. They are 99 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.4 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,605 it is 0 % more affordable than the average price in Newburgh. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,602 it is 0 % 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.