The rent prices in real estate in West Park, 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 West Park has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.47. In May this price barely changed remaining at $1.41 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $1.44 to $1.5 per sq.feet. The price per sq.feet has had a considerable rise of 278 % 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 $1.47 to $4.09 during August, and September.
When referring to the price in West Park (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is $1,795. In May This price remains at $1,792. In the following two months the average price has hardly changed with regard to the previous two months from $1,793.5 to $1,771.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,109 they are 8 % more affordable than the average price for West Park . The properties with the lowest average price have 1 bedroom, Their price is 8 % more affordable than the average. After that we have properties with 4 bedrooms priced at $1,939.
According to average price per property type in West Park, "" priced at $1,939 is 8 % lower than the average price ($2,109) in this city.