The rent prices in real estate in Riverhead, 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 Riverhead has risen strongly during the last 6 months. In October, the average price per sq.feet was $3.09. In the following month the price per sq.feet rose considerably to $4.47. The price for the following two months in (December, January) had a considerable rise of 138 %. The price per sq.feet has had a considerable fall of 33 % 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 $4.49 to $1.5 during February, and March.
When referring to the price in Riverhead (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $5,240. During November the price went through a considerable rise reaching $7,760. During the following two months (December, January) the average price had a considerable rise of 158 % 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 $8,389.75 to $4,034.5, which means a 48 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $5,332 they are 36 % more affordable than the average price for Riverhead . The properties with the highest average price have 1 bedroom, Their price is 9 % more expensive than the average. After that we have properties with 2 bedrooms priced at $5,038.
According to average price per property type in Riverhead, "" priced at $3,395 is 36 % lower than the average price ($5,332) in this city.