The rent prices in real estate in College Park, in the Maryland region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in College Park has fallen during the last 6 months. In March, the average price per sq.feet was $1.87. In April this price barely changed remaining at $1.91 per sq.feet. The price for the following two months in (May, June) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 92 % 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 $1.84 to $1.7 during July, and August.
When referring to the price in College Park (cities), this has risen in the last 6 months. The rent price in March is $1,597, rising in April till $1,786. In the following two months the average price has hardly changed with regard to the previous two months from $1,691.5 to $1,672.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 $1,773 they are 4 % more affordable than the average price for College Park . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,933.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.36 / sq.feet, with an average $1.77 / sq.feet price in College Park. The properties with the most expensive average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.86 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,773 it is 14 % more affordable than the average price in College Park. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $1,769 it is 60 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $1.49 / sq.feet followed by "Condo" priced at $1.68 / sq.feet. "House" is the most expensive type of property with a $1.91 / sq.feet value followed by "Condo" with an average price of $1.68 / sq.feet.