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.