The rent prices in real estate in Niagara Falls, in the New York 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 Niagara Falls has fallen during the last 6 months. In December, the average price per sq.feet was $0.52. In the following month the price per sq.feet rose considerably to $0.89. In the following two months the price per sq.feet has practically remained the same, going from $0.7 to $0.74 per sq.feet. The price per sq.feet has had a considerable fall of 0 % 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 $0.72 to during April, and May.
When referring to the price in Niagara Falls (cities), this has fallen considerably in the last 6 months. The average price for December is $1,050. During January the price had a considerable fall till $788. During the following two months (February, March) the average price fell 94 % 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 increased 108 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,048 they are 35 % more affordable than the average price for Niagara Falls . The properties with the lowest average price have 3 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 1 bedroom priced at $788.
According to average price per property type in Niagara Falls, "" priced at $691 is 34 % lower than the average price ($1,048) in this city.