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 March, the average price per sq.feet was $2.28. In April this price barely changed remaining at $2.28 per sq.feet. The price for the following two months in (May, June) had a considerable rise of 2982 %. The price per sq.feet has had a considerable fall of 1 % 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 $35.14 to $0.5 during July, and August.
When referring to the price in Riverhead (cities), this has risen considerably in the last 6 months. In our first sample month during March, the average price is $3,700. In April This price remains at $3,700. During the following two months (May, June) the average price had a considerable rise of 443 % 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 $10,041.75 to $3,103.5, which means a 31 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most expensive ones. At a price of $2,740 they are 25 % more expensive than the average price for Riverhead. Following this ranking we find those properties with 2 at an average price of $5,080. The properties with the highest average price have 1 bedroom, Their price is 115 % more expensive than the average. After that we have properties with 2 bedrooms priced at $5,080.
According to average price per property type in Riverhead, "" priced at $3,423 is 25 % more expensive than the average price ($2,740) in this city.