The rent prices in real estate in Staten Island, in the New York region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Staten Island has had a strong fall during the last 6 months. In October, the average price per sq.feet was $25. In the following month the price per sq.feet fell to $22.97. The price for the following two months in (December, January) had a considerable fall of 68 with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $20.15 to $12.84 during February, and March.
When referring to the price in Staten Island (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,142. In November This price remains at $2,128. In the following two months the average price has hardly changed with regard to the previous two months from $2,135 to $2,133. 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 $2,134 and $2,071.5 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 $1,867 they are 30 % more affordable than the average price for Staten Island . The properties with the highest average price have 4 bedrooms, Their price is 38 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,396.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.05 / sq.feet, with an average $6.17 / sq.feet price in Staten Island. The properties with the most expensive average prices have 2 bedrooms. They are 382 % more expensive than the average followed by properties with 1 bedroom with a price at $6.71 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,867 it is 3 % more affordable than the average price in Staten Island. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $1,803 it is 35 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $34 / sq.feet. "House" at an average price of $34 / sq.feet has the highest price and would be directed at more affluent cities.