The rent prices in real estate in Columbus, 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 Columbus has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.24. In January this price barely changed remaining at $1.23 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 391 %. The price per sq.feet has had a considerable fall of 45 % 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 $3.03 to $1.36 during April, and May.
When referring to the price in Columbus (cities), there have hardly been any changes in the last 6 months. The average price for December is $1,175. During January the price had a slight fall till $1,111. In the following two months the average price has hardly changed with regard to the previous two months from $1,143 to $1,187. 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 $1,165 and $1,205 between April and May.
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 $1,172 they are 10 % more affordable than the average price for Columbus . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,496.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.35 / sq.feet price in Columbus. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at $1.27 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,172 it is 14 % more affordable than the average price in Columbus. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Duplex". At a price of $1,401 it is 25 % 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 $1.18 / sq.feet followed by "Duplex" priced at $1.2 / sq.feet. "Townhouse" is the most expensive type of property with a $12 / sq.feet value followed by "House" with an average price of $1.36 / sq.feet.