The rent prices in real estate in Joppa, 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 Joppa has had a strong fall during the last 6 months. In February, the average price per sq.feet was $6.03. In the following month the price per sq.feet fell considerably to $1.21. The price for the following two months in (April, May) had a considerable rise of 128 %. The price per sq.feet has had a considerable fall of 28 % 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 $4.14 to $1.17 during June, and July.
When referring to the price in Joppa (cities), this has risen in the last 6 months. The rent price in February is $1,257, rising in March till $1,405. In the following two months the average price has hardly changed with regard to the previous two months from $1,331 to $1,378.5. 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 $1,354.75 and $1,336 between June and July.
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 $1,337 they are 33 % more affordable than the average price for Joppa . The properties with the highest average price have 4 bedrooms, Their price is 44 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,369.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 1695 % more expensive than the average price of ($21 / sq.feet) in Joppa. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 1695 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,337 it is 28 % more affordable than the average price in Joppa. "House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $959 it is 19 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "House with an average cost of $29 / sq.feet. "House" at an average price of $29 / sq.feet has the highest price and would be directed at more affluent cities.