The rent prices in real estate in Olean, 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 Olean has risen strongly during the last 6 months. In October, the average price per sq.feet was $20.53. In the following month the price per sq.feet rose considerably to $25.8. The price for the following two months in (December, January) had a considerable rise of 150 %. The price per sq.feet has had a considerable fall of 84 % 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 $28.99 to $24.36 during February, and March.
When referring to the price in Olean (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $20,480. During November the price went through a considerable rise reaching $25,400. During the following two months (December, January) the average price had a considerable rise of 204 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $34,903.75 to $25,558, which means a 73 % fall.
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 $33,566 they are 98 % more affordable than the average price for Olean . The properties with the lowest average price have 3 bedrooms, Their price is 97 % more affordable than the average. After that we have properties with 2 bedrooms priced at $793.
According to average price per property type in Olean, "" priced at $994 is 97 % lower than the average price ($33,566) in this city.