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 $4.75. In the following month the price per sq.feet rose considerably to $7.02. The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 5052 % 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 $5.7 to $287.82 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 $8,233. During November the price went through a considerable rise reaching $14,080. During the following two months (December, January) the price has had an average rise from $11,156.5 to $12,228. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $11,692.25 and $11,550 between February and March.
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 $12,663 they are 84 % more affordable than the average price for Riverhead . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 3 bedrooms priced at $11,203.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $569.77 / sq.feet price in Riverhead. The properties with the most affordable average prices have 3 bedrooms. They are 99 % more affordable than the average followed by properties with 4 bedrooms with a price at $2 / sq.feet.
According to average price per property type in Riverhead, "" priced at $6,471 is 49 % lower than the average price ($12,663) in this city.