The rent prices in real estate in Elyria, in the Ohio 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 Elyria has risen strongly during the last 6 months. In November, the average price per sq.feet was $0.9. In the following month the price per sq.feet rose to $0.95. The price for the following two months in (January, February) had a considerable rise of 123 %. The price per sq.feet has risen 109 % 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 $1.03 to $1.12 during March, and April.
When referring to the price in Elyria (cities), this has risen considerably in the last 6 months. The rent price in November is $753, rising in December till $862. During the following two months (January, February) the average price had a considerable rise of 156 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 113 % 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 $1,204 they are 34 % more affordable than the average price for Elyria . The properties with the highest average price have 4 bedrooms, Their price is 59 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,152.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.13 / sq.feet price in Elyria. The properties with the most expensive average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.17 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,204 it is 50 % more affordable than the average price in Elyria. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $1,114 it is 19 % 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 $1.08 / sq.feet followed by "Apartment" priced at $1.18 / sq.feet. "Apartment" is the most expensive type of property with a $1.18 / sq.feet value followed by "House" with an average price of $1.08 / sq.feet.