The rent prices in real estate in Greenbelt, in the Maryland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Greenbelt has had a strong fall during the last 6 months. In October, the average price per sq.feet was $4.72. In the following month the price per sq.feet fell considerably to $1.79. The price for the following two months in (December, January) had a considerable fall of 53 with regard to the previous two months. The price per sq.feet has had a considerable fall of 67 % 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 $2.5 to $1.68 during February, and March.
When referring to the price in Greenbelt (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,650. In November This price remains at $1,621. In the following two months the average price has hardly changed with regard to the previous two months from $1,635.5 to $1,611. 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 $1,623.25 and $1,561 between February and March.
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 $1,529 they are 8 % more affordable than the average price for Greenbelt . The properties with the highest average price have 3 bedrooms, Their price is 13 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,677.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.46 / sq.feet, with an average $1.67 / sq.feet price in Greenbelt. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.56 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $1,529 it is 10 % more expensive than the average price in Greenbelt. "Condo" is seen as the second most expensive property type. The most expensive property type is "Condo" followed by "". At a price of $1,677 it is 16 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $65 / sq.feet. "Condo" at an average price of $65 / sq.feet has the highest price and would be directed at more affluent cities.