The rent prices in real estate in Niagara Falls, 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 Niagara Falls has risen strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to . The price for the following two months in (July, August) had a considerable rise of 2147483647 %. The price per sq.feet has had a considerable rise of 357 % 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 $0.55 to $1.96 during September, and October.
When referring to the price in Niagara Falls (cities), this has risen considerably in the last 6 months. In our first sample month during May, the average price is $1,048. In June This price remains at $1,048. During the following two months (July, August) the price has had an average rise from $1,048 to $1,153.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 165 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $1,552 they are 56 % more affordable than the average price for Niagara Falls . The properties with the highest average price have 3 bedrooms, Their price is 380 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,398.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $0.9 / sq.feet, with an average $1.71 / sq.feet price in Niagara Falls. The properties with the most expensive average prices have 2 bedrooms. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $1.62 / sq.feet.
According to average price per property type in Niagara Falls, "" priced at $686 is 56 % lower than the average price ($1,552) in this city.