The rent prices in real estate in Elkton, in the Maryland region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Elkton has fallen during the last 6 months. In November, the average price per sq.feet was $1.69. In December this price barely changed remaining at $1.67 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has fallen 93 % 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 $1.54 to $1.42 during March, and April.
When referring to the price in Elkton (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $1,798. In December This price remains at $1,804. In the following two months the average price has hardly changed with regard to the previous two months from $1,801 to $1,768.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 $2,017 they are 32 % more affordable than the average price for Elkton . 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 $2,233.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.42 / sq.feet price in Elkton. The properties with the most expensive average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.59 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,017 it is 15 % more affordable than the average price in Elkton. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,074 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.25 / sq.feet. "Apartment" is the most expensive type of property with a $1.66 / sq.feet value followed by "House" with an average price of $1.25 / sq.feet.