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 August, the average price per sq.feet was $1.77. In the following month the price per sq.feet rose to $1.9. The price for the following two months in (October, November) had a considerable rise of 181 %. The price per sq.feet has had a considerable rise of 183 % 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 $2.58 to $4.71 during December, and January.
When referring to the price in Baltimore (cities), this has fallen in the last 6 months. In our first sample month during August, the average price is $1,677. In September This price remains at $1,658. During the following two months (October, November) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $1,560 to $1,452 in December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,348 they are 24 % more affordable than the average price for Baltimore . The properties with the highest average price have 4 bedrooms, Their price is 35 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,453.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $9.71 / sq.feet, with an average $5.42 / sq.feet price in Baltimore. The properties with the most expensive average prices have 4 bedrooms. They are 328 % more expensive than the average followed by properties with 3 bedrooms with a price at $13.68 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,348 it is 12 % more affordable than the average price in Baltimore. "Villa" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,636 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.55 / sq.feet followed by "House" priced at $11.5 / sq.feet. "Villa" is the most expensive type of property with a $40.69 / sq.feet value followed by "Townhouse" with an average price of $26.77 / sq.feet.