The average rent price in the New York region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in New York has risen considerably in the last 6 months. During March, the average price per sq.feet was $27.39. The following month (April) the price rose to $30.16 per sq.feet. The following two months (May, June) went through a considerable fall of 72 % 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 rise of 235 %. This has been obtained by comparing the price of $24.75 for the first four months of the sample with regard to the previous 4 months and the price of $58.17 per sq.feet for the last two months (July, August).
When referring to the price in New York(region), this has risen in the last 6 months. The average rent price in March is $3,125. In April the price rose to $3,306. The average price for the following two months (May, June) rose from $3,215.5 to $3,427.5. During the last two months the average price has not gone through any changes and has gone from $3,321.5 to $3,155.5 during July and August.
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 12 % cheaper than the average price in New York followed by those with 2 with an average price of $3,268. The most expensive properties have 4 bedrooms. They are 98 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,622.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $33.74 / sq.feet being $46.19 / sq.feet the average for New York. The properties with the highest average price are those with 1 bedroom. These are 44 % more expensive than the average followed by those with 4 bedrooms with a price of $56.7 / sq.feet.
The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $3,081 it is 32 % cheaper than the average in New York. This is followed by "Apartment" with a cost of $2,896. The most expensive property type is "Townhouse" and is 29 % more costly than the average, followed by "Condo" with a cost of $3,199.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $3.66 / sq.feet, followed by "Condo" with a price of $43.92 / sq.feet. "House" with an average price of $90.1 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $90 / sq.feet.