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 April, the average price per sq.feet was $3.67. In the following month the price per sq.feet rose considerably to $6.06. The price for the following two months in (June, July) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 19 % 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 $4.57 to $0.88 during August, and September.
When referring to the price in Niagara Falls (cities), this has risen considerably in the last 6 months. The rent price in April is $638, rising in May till $733. In the following two months the average price has hardly changed with regard to the previous two months from $685.5 to $681.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 128 % 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 $928 they are 49 % more affordable than the average price for Niagara Falls . The properties with the lowest average price have 2 bedrooms, Their price is 24 % more affordable than the average. After that we have properties with 1 bedroom priced at $475.
With regard to the average prices per sq.feet those properties with 1 bedroom are 5 % more affordable than the average price of ($0.86 / sq.feet) in Niagara Falls. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 5 % more affordable than the average value aforementioned.
According to average price per property type in Niagara Falls, "" priced at $705 is 24 % lower than the average price ($928) in this city.