The rent prices in real estate in Bethesda, 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 Bethesda has risen strongly during the last 6 months. In August, the average price per sq.feet was $3. In the following month the price per sq.feet rose to $3.34. The price for the following two months in (October, November) had a considerable rise of 1144 %. The price per sq.feet has had a considerable rise of 300 % 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 $19.72 to $59.21 during December, and January.
When referring to the price in Bethesda (cities), there have hardly been any changes in the last 6 months. In our first sample month during August, the average price is $2,861. In September This price remains at $2,971. In the following two months the average price has hardly changed with regard to the previous two months from $2,916 to $2,926.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,921.25 to $2,700 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 $2,807 they are 10 % more affordable than the average price for Bethesda . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,445.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $32.26 / sq.feet, with an average $85.45 / sq.feet price in Bethesda. The properties with the most expensive average prices have 4 bedrooms. They are 42 % more expensive than the average followed by properties with 1 bedroom with a price at $90.63 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $2,807 it is 60 % more affordable than the average price in Bethesda. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $2,552 it is 23 % 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 $2.56 / sq.feet followed by "House" priced at $119.95 / sq.feet. "Townhouse" is the most expensive type of property with a $167.14 / sq.feet value followed by "House" with an average price of $119.95 / sq.feet.