The rent prices in real estate in Schenectady, 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 Schenectady has risen strongly during the last 6 months. In August, the average price per sq.feet was $1.26. In the following month the price per sq.feet rose considerably to $2.93. The price for the following two months in (October, November) had a considerable rise of 254 %. The price per sq.feet has had a considerable fall of 67 % 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 $3.71 to $2.49 during December, and January.
When referring to the price in Schenectady (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $1,291. In September This price remains at $1,281. In the following two months the average price has hardly changed with regard to the previous two months from $1,286 to $1,265.5. 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 $1,275.75 and $1,237.5 between December and January.
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 $1,224 they are 12 % more affordable than the average price for Schenectady . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,474.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.19 / sq.feet, with an average $2.39 / sq.feet price in Schenectady. The properties with the most expensive average prices have 4 bedrooms. They are 1825 % more expensive than the average followed by properties with 3 bedrooms with a price at $40.43 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $1,224 it is 0 % more expensive than the average price in Schenectady. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "Apartment". At a price of $1,230 it is 13 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of $11 / sq.feet. "Apartment" at an average price of $11 / sq.feet has the highest price and would be directed at more affluent cities.