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.