The rent prices in real estate in Cheltenham, in the Pennsylvania region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Cheltenham has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.89. In the following month the price per sq.feet fell to $1.62. The price for the following two months in (November, December) fell 90 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 30 % 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 $1.67 to $0.5 during January, and February.
When referring to the price in Cheltenham (cities), this has fallen considerably in the last 6 months. The average price for September is $3,133. During October the price had a slight fall till $2,883. During the following two months (November, December) the average price had a considerable fall of 84 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,769.25 to $2,243, which means a 81 % fall.
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 $3,213 they are 62 % more affordable than the average price for Cheltenham . The properties with the lowest average price have 1 bedroom, Their price is 62 % more affordable than the average. After that we have properties with 2 bedrooms priced at $1,226.
According to average price per property type in Cheltenham, "" priced at $1,226 is 62 % lower than the average price ($3,213) in this city.