The rent prices in real estate in Langhorne, in the Pennsylvania region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Langhorne has fallen during the last 6 months. In October, the average price per sq.feet was $2.16. In November this price barely changed remaining at $2.16 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.16 to $2.07 per sq.feet. The price per sq.feet has fallen 93 % 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 $2.11 to $1.97 during February, and March.
When referring to the price in Langhorne (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,629. In November This price remains at $2,736. In the following two months the average price has hardly changed with regard to the previous two months from $2,682.5 to $2,587.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $2,635 to $2,372.5 in 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 $2,293 they are 22 % more affordable than the average price for Langhorne . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,903.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.61 / sq.feet, with an average $1.94 / sq.feet price in Langhorne. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of $2,293 it is 3 % more expensive than the average price in Langhorne. "House" is seen as the second most expensive property type. The most expensive property type is "" followed by "House". At a price of $2,488 it is 27 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Apartment" priced at $2 / sq.feet. "Apartment" is the most expensive type of property with a $2 / sq.feet value followed by "House" with an average price of $1 / sq.feet.