The rent prices in real estate in Smithtown, in the New York region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Smithtown has fallen during the last 6 months. In October, the average price per sq.feet was $14.51. In November this price barely changed remaining at $14.02 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $14.27 to $14.1 per sq.feet. The price per sq.feet has fallen 90 % 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 $14.18 to $12.7 during February, and March.
When referring to the price in Smithtown (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $27,594. In November This price remains at $26,261. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $26,151 to $23,743 in 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 $23,948 they are 64 % more affordable than the average price for Smithtown . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at $27,998.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $10.79 / sq.feet, with an average $12.4 / sq.feet price in Smithtown. The properties with the most expensive average prices have 3 bedrooms. They are 36 % more expensive than the average followed by properties with 1 bedroom with a price at $16.42 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $23,948 it is 89 % more affordable than the average price in Smithtown. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $10,163 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of $4.71 / sq.feet followed by "Condo" priced at $12.19 / sq.feet. "House" is the most expensive type of property with a $14.15 / sq.feet value followed by "Condo" with an average price of $12.19 / sq.feet.