Property prices for rent in New York region
The average rent price in the New York region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.feet in New York has barely changed in the last 6 months. During February, the average price per sq.feet was $4.25. In March the price barely changed remaining at $4.33 per sq.feet. The following two months (April, May) went through a fall of 94 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $4.15 for the first four months of the sample with regard to the previous 4 months and the price $4.41 per sq.feet for the last two months (June, July).
When referring to the price in New York (region), this has fallen in the last 6 months. February has an average price of $3,890. During Marchthe price had a strong fall till $3,201. In the following two months the average price practically remained the same compared to the previous two going from $3,545.5 to $3,373.5. During the last two months the price has had a considerable rise of 115 % with respect to the previous four months going from $3,459.5 a $3,990.5.
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 19 % cheaper than the average price in New York followed by those with 2 with an average price of $3,610. The most expensive properties have 4 bedrooms. They are 245 % more expensive than the average followed by those properties with 3 bedrooms priced at $5,260.
Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $3.48 / sq.feet being $4.74 / sq.feet the average for New York. The properties with the highest average price are those with 1 bedroom. These are 109 % more expensive than the average followed by those with 4 bedrooms with a price of $6.03 / sq.feet.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of $3,986 it is 73 % cheaper than the average in New York. This is followed by "Townhouse" with a cost of $3,497. The most expensive property type is "Commercial" and is 118 % more costly than the average, followed by "Condo" with a cost of $5,617.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of $1.11 / sq.feet, followed by "Condo" with a price of $3.14 / sq.feet. "Townhouse" with an average price of $123.98 / sq.feet is the most expensive type of property followed by "House" at a price of $14.23 / sq.feet.
