The rent prices in real estate in Gwynn Oak, 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 Gwynn Oak has had a strong fall during the last 6 months. In December, the average price per sq.feet was $21.83. In the following month the price per sq.feet fell considerably to $12.5. The price for the following two months in (February, March) had a considerable fall of 58 with regard to the previous two months. The price per sq.feet has had a considerable fall of 44 % 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 $13.52 to $5.92 during April, and May.
When referring to the price in Gwynn Oak (cities), this has fallen in the last 6 months. In our first sample month during December, the average price is $1,313. In January This price remains at $1,268. During the following two months (February, March) the average price fell 92 % with regard to the previous two months. 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 $1,241.75 and $1,247 between April and May.
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 $1,301 they are 27 % more affordable than the average price for Gwynn Oak . The properties with the highest average price have 4 bedrooms, Their price is 51 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,572.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $12 / sq.feet, with an average $7.48 / sq.feet price in Gwynn Oak. The properties with the most expensive average prices have 4 bedrooms. They are 595 % more expensive than the average followed by properties with 2 bedrooms with a price at $16.01 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,301 it is 20 % more affordable than the average price in Gwynn Oak. "Villa" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Villa". At a price of $1,514 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $36 / sq.feet followed by "Villa" priced at $39 / sq.feet. "Villa" is the most expensive type of property with a $39 / sq.feet value followed by "House" with an average price of $36 / sq.feet.