The rent prices in real estate in Kensington, 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 Kensington has had a strong fall during the last 6 months. In September, the average price per sq.feet was $2.4. In the following month the price per sq.feet rose to $2.6. The price for the following two months in (November, December) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has had a considerable fall of 63 % 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 $2.3 to $1.45 during January, and February.
When referring to the price in Kensington (cities), there have hardly been any changes in the last 6 months. The rent price in September is $3,290, rising in October till $3,581. During the following two months (November, December) the average price fell 87 % 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 $3,206.75 and $3,320 between January and February.
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 $3,366 they are 64 % more affordable than the average price for Kensington . The properties with the highest average price have 4 bedrooms, Their price is 22 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,505.
According to average price per property type in Kensington, "" priced at $3,402 is 1 % more expensive than the average price ($3,366) in this city.