The rent prices in real estate in Utica, 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 Utica has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.99. In the following month the price per sq.feet rose considerably to $1.15. The price for the following two months in (December, January) had a considerable rise of 136 %. The price per sq.feet has risen 105 % 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 $1.27 to $1.33 during February, and March.
When referring to the price in Utica (cities), this has risen considerably in the last 6 months. The rent price in October is $1,021, rising in November till $1,173. During the following two months (December, January) the average price had a considerable rise of 144 % 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 124 % 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 $1,722 they are 15 % more affordable than the average price for Utica . The properties with the highest average price have 4 bedrooms, Their price is 63 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,863.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.21 / sq.feet, with an average $1.44 / sq.feet price in Utica. The properties with the most expensive average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.5 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,722 it is 14 % more affordable than the average price in Utica. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $1,647 it is 21 % 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 $1.3 / sq.feet followed by "House" priced at $1.67 / sq.feet. "House" is the most expensive type of property with a $1.67 / sq.feet value followed by "Apartment" with an average price of $1.3 / sq.feet.