Property prices for rent in New York region

The price per sq.feet in New York has fallen considerably in the last 6 months. During July, the average price per sq.feet was $70.16. The following month (August) the price had a considerable fall reaching $46.19 per sq.feet. The following two months (September, October) went through a considerable fall of 12 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 20 %. This has been obtained by comparing the price of $32.67 for the first four months of the sample with regard to the previous 4 months and the price of $6.54 per sq.feet for the last two months (November, December).

When referring to the price in New York(region), this has risen in the last 6 months. In the first month sample July the average price is $3,230. In August the price remains at $3,081. The average price for the following two months (September, October) rose from $3,155.5 to $3,374.5. During the last two months the price has gone up 113 % compared to the previous average values going from $3,265 a $3,688.5 in November y December.

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 39 % cheaper than the average price in New York followed by those with 2 with an average price of $3,120. The most expensive properties have 4 bedrooms. They are 175 % more expensive than the average followed by those properties with 3 bedrooms priced at $5,109.

Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $3.59 / sq.feet being $4.6 / sq.feet the average for New York. The properties with the highest average price are those with 1 bedroom. These are 257 % more expensive than the average followed by those with 4 bedrooms with a price of $5.39 / sq.feet.

The graph displaying the average rent price according to the property type shows "Detached House" as the most affordable one. With an average cost of $4,186 it is 50 % cheaper than the average in New York. This is followed by "House" with a cost of $2,826. The most expensive property type is "Apartment" and is 20 % more costly than the average, followed by "Condo" with a cost of $3,350.

Based upon the average cost per sq.feet the most affordable property type is "Townhouse with a an average price of $1 / sq.feet, followed by "Condo" with a price of $3.15 / sq.feet. "Land" with an average price of $55.42 / sq.feet is the most expensive type of property followed by "House" at a price of $13.2 / sq.feet.