Property prices for rent in Cortland (Ohio)
The rent prices in real estate in Cortland, 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 Cortland has had a strong fall during the last 6 months. In March, the average price per sq.feet was $0.9. In the following month the price per sq.feet rose to $0.99. The price for the following two months in (May, June) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 68 % 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 $0.71 to $0.48 during July, and August.
When referring to the price in Cortland (cities), this has risen in the last 6 months. The average price during our first sample month during March, is $776. During April the price went through a considerable rise reaching $1,125. During the following two months (May, June) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $905.25 to $803.5 in July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $741 they are 6 % more affordable than the average price for Cortland . The properties with the highest average price have 2 bedrooms, Their price is 10 % more expensive than the average. After that we have properties with 1 bedroom priced at $749.
According to average price per property type in Cortland, "" priced at $693 is 6 % lower than the average price ($741) in this city.
