Property prices for rent in Penfield (New York)
The rent prices in real estate in Penfield, 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 Penfield has had a strong fall during the last 6 months. In December, the average price per sq.feet was $37.64. In January this price barely changed remaining at $37.38 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 $31.11 to $24.5 during April, and May.
When referring to the price in Penfield (cities), this has fallen in the last 6 months. The average price during our first sample month during December, is $1,676. During January the price went through a considerable rise reaching $2,000. During the following two months (February, March) the average price had a considerable fall of 74 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $1,600.25 to $1,468.5 in April and May.
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 $1,998 they are 57 % more affordable than the average price for Penfield . The properties with the lowest average price have 3 bedrooms, Their price is 26 % more affordable than the average. After that we have properties with 4 bedrooms priced at $964.
According to average price per property type in Penfield, "" priced at $964 is 52 % lower than the average price ($1,998) in this city.
