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 $23.9. In the following month the price per sq.feet rose considerably to $30.07. The price for the following two months in (May, June) had a considerable rise of 257 %. The price per sq.feet has had a considerable fall of 5 % 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 $48.22 to $2.5 during July, and August.
When referring to the price in Riverhead (cities), this has risen considerably in the last 6 months. The rent price in March is $5,045, rising in April till $5,759. During the following two months (May, June) the average price had a considerable rise of 304 % 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 $10,909.25 to $3,110.5, which means a 29 % 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 $2,746 they are 26 % more expensive than the average price for Riverhead. Following this ranking we find those properties with 2 at an average price of $5,122. The properties with the highest average price have 1 bedroom, Their price is 116 % more expensive than the average. After that we have properties with 2 bedrooms priced at $5,122.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $3 / sq.feet price in Riverhead. The properties with the most expensive average prices have 1 bedroom. They are 133 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Riverhead, "" priced at $3,451 is 26 % more expensive than the average price ($2,746) in this city.