Property prices for rent in Cumberland (Maryland)
The rent prices in real estate in Cumberland, in the Maryland region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Cumberland has risen during the last 6 months. In October, the average price per sq.feet was $0.79. In the following month the price per sq.feet rose to $0.87. In the following two months the price per sq.feet has risen 107 %, going from $0.83 to $0.89 per sq.feet. The price per sq.feet has risen 105 % 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 $0.86 to $0.9 during February, and March.
When referring to the price in Cumberland (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $795. In November This price remains at $783. During the following two months (December, January) the price has had an average rise from $789 to $847. Based on an analysis of the first four prices and the last two months the average price has increased 112 % 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 $958 they are 19 % more affordable than the average price for Cumberland . The properties with the highest average price have 4 bedrooms, Their price is 1525 % more expensive than the average. After that we have properties with 3 bedrooms priced at $900.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.79 / sq.feet, with an average $0.92 / sq.feet price in Cumberland. The properties with the most expensive average prices have 4 bedrooms. They are 1282 % more expensive than the average followed by properties with 1 bedroom with a price at $1.16 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $958 it is 29 % more affordable than the average price in Cumberland. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $787 it is 438 % 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 $0.8 / sq.feet followed by "Land" priced at $3.97 / sq.feet. "Land" is the most expensive type of property with a $3.97 / sq.feet value followed by "House" with an average price of $0.8 / sq.feet.
