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.