The rent prices in real estate in Elkridge, 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 Elkridge has risen strongly during the last 6 months. In July, the average price per sq.feet was $1.76. In the following month the price per sq.feet rose considerably to $5.93. The price for the following two months in (September, October) had a considerable fall of 46 with regard to the previous two months. The price per sq.feet has had a considerable rise of 543 % 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 $2.81 to $15.23 during November, and December.
When referring to the price in Elkridge (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is $1,674. During August the price went through a considerable rise reaching $1,926. During the following two months (September, October) the price has had an average rise from $1,800 to $1,910.5. 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 $1,988 they are 26 % more affordable than the average price for Elkridge . The properties with the highest average price have 4 bedrooms, Their price is 40 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,248.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.28 / sq.feet, with an average $16.75 / sq.feet price in Elkridge. The properties with the most expensive average prices have 2 bedrooms. They are 169 % more expensive than the average followed by properties with 1 bedroom with a price at $22.48 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,988 it is 11 % more affordable than the average price in Elkridge. "" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,274 it is 27 % 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 $1.32 / sq.feet followed by "Apartment" priced at $34.9 / sq.feet. "Condo" is the most expensive type of property with a $122 / sq.feet value followed by "Apartment" with an average price of $34.9 / sq.feet.