The rent prices in real estate in Dundalk, in the Maryland 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 Dundalk has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.77. In the following month the price per sq.feet fell to $1.68. The price for the following two months in (May, June) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 165 % 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 $1.67 to $2.77 during July, and August.
When referring to the price in Dundalk (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,237. In April This price remains at $1,266. In the following two months the average price has hardly changed with regard to the previous two months from $1,251.5 to $1,245. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 $1,474 they are 43 % more affordable than the average price for Dundalk . The properties with the highest average price have 4 bedrooms, Their price is 30 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,616.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $3.91 / sq.feet price in Dundalk. The properties with the most expensive average prices have 1 bedroom. They are 274 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,474 it is 42 % more affordable than the average price in Dundalk. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "". At a price of $1,596 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $8 / sq.feet followed by "Townhouse" priced at $19 / sq.feet. "Villa" is the most expensive type of property with a $30 / sq.feet value followed by "Townhouse" with an average price of $19 / sq.feet.