Property prices for rent in Baltimore (Maryland)
The rent prices in real estate in Baltimore, in the Maryland 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 Baltimore has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.79. In October this price barely changed remaining at $1.74 per sq.feet. The price for the following two months in (November, December) had a considerable rise of 135 %. The price per sq.feet has had a considerable rise of 129 % 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 $2.08 to $2.68 during January, and February.
When referring to the price in Baltimore (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,502. In October This price remains at $1,535. In the following two months the average price has hardly changed with regard to the previous two months from $1,518.5 to $1,458.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $1,488.5 to $1,411.5 in January and February.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,455 they are 4 % more affordable than the average price for Baltimore . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,644.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.49 / sq.feet, with an average $3.69 / sq.feet price in Baltimore. The properties with the most expensive average prices have 3 bedrooms. They are 127 % more expensive than the average followed by properties with 1 bedroom with a price at $4.85 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,455 it is 22 % more affordable than the average price in Baltimore. "Villa" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,469 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.92 / sq.feet followed by "Condo" priced at $9.32 / sq.feet. "Villa" is the most expensive type of property with a $25.15 / sq.feet value followed by "Townhouse" with an average price of $21.49 / sq.feet.
