The rent prices in real estate in Cincinnati, 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 Cincinnati has risen strongly during the last 6 months. In October, the average price per sq.feet was $7.96. In the following month the price per sq.feet rose considerably to $13.35. The price for the following two months in (December, January) had a considerable fall of 41 with regard to the previous two months. The price per sq.feet has had a considerable rise of 225 % 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 $7.49 to $16.88 during February, and March.
When referring to the price in Cincinnati (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,220. In November This price remains at $1,224. In the following two months the average price has hardly changed with regard to the previous two months from $1,222 to $1,163. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
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 $1,264 they are 11 % more affordable than the average price for Cincinnati . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,605.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.05 / sq.feet, with an average $15.63 / sq.feet price in Cincinnati. The properties with the most expensive average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at $16.82 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,264 it is 74 % more affordable than the average price in Cincinnati. "House" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,468 it is 50 % 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 $1.16 / sq.feet followed by "House" priced at $5.72 / sq.feet. "Townhouse" is the most expensive type of property with a $64.3 / sq.feet value followed by "House" with an average price of $5.72 / sq.feet.