The rent prices in real estate in Saratoga Springs, 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 Saratoga Springs has risen strongly during the last 6 months. In November, the average price per sq.feet was $1.83. In December this price barely changed remaining at $1.88 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 128 %. The price per sq.feet has had a considerable rise of 117 % 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 $2.11 to $2.48 during March, and April.
When referring to the price in Saratoga Springs (cities), this has risen considerably in the last 6 months. In our first sample month during November, the average price is $2,459. In December This price remains at $2,481. During the following two months (January, February) the average price had a considerable rise of 131 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 132 % during the last two months.
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 $4,444 they are 43 % more affordable than the average price for Saratoga Springs . The properties with the highest average price have 4 bedrooms, Their price is 92 % more expensive than the average. After that we have properties with 3 bedrooms priced at $6,110.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $2.89 / sq.feet, with an average $2.89 / sq.feet price in Saratoga Springs. The properties with the most expensive average prices have 4 bedrooms. They are 32 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.68 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $4,444 it is 64 % more affordable than the average price in Saratoga Springs. "Condo" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $6,782 it is 73 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1 / sq.feet followed by "Condo" priced at $2 / sq.feet. "Land" is the most expensive type of property with a $7.03 / sq.feet value followed by "House" with an average price of $3.32 / sq.feet.