The rent prices in real estate in Rego Park, 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 Rego Park has had a strong fall during the last 6 months. In November, the average price per sq.feet was $4.72. In the following month the price per sq.feet fell to $4.42. The price for the following two months in (January, February) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 80 % 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 $3.8 to $3.03 during March, and April.
When referring to the price in Rego Park (cities), this has fallen considerably in the last 6 months. The average price for November is $3,076. During December the price had a slight fall till $2,658. During the following two months (January, February) the average price fell 87 % 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 90 %, going from $2,684 to $2,413 in March and April.
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 $2,438 they are 5 % more affordable than the average price for Rego Park . The properties with the highest average price have 4 bedrooms, Their price is 84 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,427.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $2.59 / sq.feet, with an average $3.06 / sq.feet price in Rego Park. The properties with the most expensive average prices have 2 bedrooms. They are 31 % more expensive than the average followed by properties with 1 bedroom with a price at $2.59 / sq.feet.
According to average price per property type in Rego Park, "" priced at $1,968 is 19 % lower than the average price ($2,438) in this city.