The rent prices in real estate in Columbus, 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 Columbus has had a strong fall during the last 6 months. In March, the average price per sq.feet was $4.64. In the following month the price per sq.feet fell considerably to $1.37. The price for the following two months in (May, June) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable fall of 62 % 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 $2.17 to $1.34 during July, and August.
When referring to the price in Columbus (cities), this has risen in the last 6 months. The rent price in March is $1,149, rising in April till $1,238. In the following two months the average price has hardly changed with regard to the previous two months from $1,193.5 to $1,161.5. Based on an analysis of the first four prices and the last two months the average price has increased 106 % 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 $1,253 they are 17 % more affordable than the average price for Columbus . The properties with the highest average price have 4 bedrooms, Their price is 60 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,564.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.36 / sq.feet price in Columbus. The properties with the most expensive average prices have 4 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $1.53 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,253 it is 20 % more affordable than the average price in Columbus. "House" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "Condo". At a price of $1,766 it is 42 % 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 $1.25 / sq.feet followed by "House" priced at $1.35 / sq.feet. "Duplex" is the most expensive type of property with a $80.46 / sq.feet value followed by "Townhouse" with an average price of $9.92 / sq.feet.