The rent prices in real estate in Ellicott City, 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 Ellicott City has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.74. In the following month the price per sq.feet rose considerably to $5.08. The price for the following two months in (November, December) had a considerable rise of 1130 %. The price per sq.feet has had a considerable fall of 77 % 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 $20.97 to $16.16 during January, and February.
When referring to the price in Ellicott City (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,824. In October This price remains at $1,792. During the following two months (November, December) the price has had an average rise from $1,808 to $2,002.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $1,905.25 to $1,787.5 in January and February.
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 $1,775 they are 13 % more affordable than the average price for Ellicott City . The properties with the highest average price have 4 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,603.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.53 / sq.feet, with an average $20.43 / sq.feet price in Ellicott City. The properties with the most expensive average prices have 3 bedrooms. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $16.84 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,775 it is 11 % more affordable than the average price in Ellicott City. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,492 it is 48 % 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 / sq.feet followed by "Apartment" priced at $65.32 / sq.feet. "Condo" is the most expensive type of property with a $166.12 / sq.feet value followed by "Apartment" with an average price of $65.32 / sq.feet.