The rent prices in real estate in Bay Village, in the Ohio 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 Bay Village has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.44. In August this price barely changed remaining at $1.48 per sq.feet. The price for the following two months in (September, October) had a considerable rise of 424 %. The price per sq.feet has had a considerable fall of 37 % 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 $3.83 to $1.42 during November, and December.
When referring to the price in Bay Village (cities), this has risen in the last 6 months. The rent price in July is $1,874, rising in August till $2,083. During the following two months (September, October) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,385 they are 46 % more affordable than the average price for Bay Village . The properties with the highest average price have 3 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 2 bedrooms priced at $2,254.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.37 / sq.feet, with an average $1.46 / sq.feet price in Bay Village. The properties with the most expensive average prices have 4 bedrooms. They are 311 % more expensive than the average followed by properties with 1 bedroom with a price at $1.58 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,385 it is 47 % more affordable than the average price in Bay Village. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Commercial". At a price of $1,271 it is 46 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $1 / sq.feet followed by "House" priced at $6 / sq.feet. "House" is the most expensive type of property with a $6 / sq.feet value followed by "Commercial" with an average price of $1 / sq.feet.