The rent prices in real estate in Federal Way, in the Washington region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Federal Way has risen during the last 6 months. In January, the average price per sq.feet was $1.64. In February this price barely changed remaining at $1.64 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from $1.64 to $1.77 per sq.feet. The price per sq.feet has risen 106 % 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 $1.71 to $1.81 during May, and June.
When referring to the price in Federal Way (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,683. In February This price remains at $1,734. In the following two months the average price has hardly changed with regard to the previous two months from $1,708.5 to $1,740.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,724.5 and $1,660 between May and June.
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 $1,730 they are 20 % more affordable than the average price for Federal Way . The properties with the highest average price have 4 bedrooms, Their price is 221 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,194.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.67 / sq.feet, with an average $1.83 / sq.feet price in Federal Way. The properties with the most expensive average prices have 4 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at $2.07 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,730 it is 11 % more affordable than the average price in Federal Way. "" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "". At a price of $1,796 it is 59 % 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 $1.56 / sq.feet followed by "House" priced at $1.89 / sq.feet. "House" is the most expensive type of property with a $1.89 / sq.feet value followed by "Condo" with an average price of $1.56 / sq.feet.