The rent prices in real estate in Cleveland, in the Ohio 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 Cleveland has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.47. In the following month the price per sq.feet fell to $1.29. The price for the following two months in (January, February) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.27 to $1.21 during March y April
When referring to the price in Cleveland (cities), this has fallen in the last 6 months. The average price for November is $1,308. During December the price had a slight fall till $1,138. In the following two months the average price has hardly changed with regard to the previous two months from $1,223 to $1,163. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,193 and $1,200.5 between March and April.
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 $1,100 they are 15 % more affordable than the average price for Cleveland . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,289.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.17 / sq.feet price in Cleveland. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.11 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most expensive one. At an cost of $1,100 it is 2 % more expensive than the average price in Cleveland. "" is seen as the second most expensive property type. The most expensive property type is "Detached House" followed by "House". At a price of $1,131 it is 13 % 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 $0.96 / sq.feet followed by "House" priced at $1.43 / sq.feet. "Detached House" is the most expensive type of property with a $160 / sq.feet value followed by "House" with an average price of $1.43 / sq.feet.