The average rent price in the New York region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in New York has fallen in the last 6 months. During September, the average price per sq.feet was $4.88. The following month (October) the price rose to $5.53 per sq.feet. The following two months (November, December) went through a fall of 93 % 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 69 %. This has been obtained by comparing the price of $5.02 for the first four months of the sample with regard to the previous 4 months and the price of $3.46 per sq.feet for the last two months (January, February).
When referring to the price in New York(region), this has fallen considerably in the last 6 months. September has an average price of $5,308. During Octoberthe price had a slight fall till $4,873. The average price for the following two months (November, December) fell 92 % compared to the previous two. During the last two months the price has had a considerable fall of 74 % with respect to the previous four months going from $4,877 a $3,615.5.
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 6 % cheaper than the average price in New York followed by those with 2 with an average price of $3,951. The most expensive properties have 4 bedrooms. They are 168 % more expensive than the average followed by those properties with 3 bedrooms priced at $4,389.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $2.95 / sq.feet being $3.48 / sq.feet the average for New York. The properties with the highest average price are those with 1 bedroom. These are 20 % more expensive than the average followed by those with 4 bedrooms with a price of $3.57 / sq.feet.
The graph displaying the average rent price according to the property type shows "Commercial" as the most affordable one. With an average cost of $3,496 it is 39 % cheaper than the average in New York. This is followed by "House" with a cost of $3,161. The most expensive property type is "Townhouse" and is 591 % more costly than the average, followed by "Apartment" with a cost of $8,887.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1.85 / sq.feet, followed by "House" with a price of $3.03 / sq.feet. "Townhouse" with an average price of $8.08 / sq.feet is the most expensive type of property followed by "Apartment" at a price of $7.18 / sq.feet.