The rent prices in real estate in College Park, 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 College Park has risen strongly during the last 6 months. In April, the average price per sq.feet was $1.63. In the following month the price per sq.feet rose considerably to $11.22. The price for the following two months in (June, July) had a considerable fall of 58 with regard to the previous two months. The price per sq.feet has fallen 90 % 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 $5.06 to $4.57 during August, and September.
When referring to the price in College Park (cities), this has risen in the last 6 months. In our first sample month during April, the average price is $1,504. In May This price remains at $1,577. During the following two months (June, July) the price has had an average rise from $1,540.5 to $1,733. 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 $1,636.75 and $1,686 between August and September.
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 $1,638 they are 14 % more affordable than the average price for College Park . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,875.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.16 / sq.feet, with an average $1.74 / sq.feet price in College Park. The properties with the most expensive average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.55 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,638 it is 8 % more affordable than the average price in College Park. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,758 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1.23 / sq.feet followed by "Condo" priced at $1.92 / sq.feet. "Apartment" is the most expensive type of property with a $4 / sq.feet value followed by "Condo" with an average price of $1.92 / sq.feet.