The rent prices in real estate in Lanham, in the Maryland 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 Lanham has fallen during the last 6 months. In May, the average price per sq.feet was $2.24. In the following month the price per sq.feet rose to $2.4. The price for the following two months in (July, August) fell 91 % with regard to the previous two months. The price per sq.feet has fallen 89 % 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 $2.22 to $1.97 during September, and October.
When referring to the price in Lanham (cities), there have hardly been any changes in the last 6 months. In our first sample month during May, the average price is $1,726. In June This price remains at $1,697. In the following two months the average price has hardly changed with regard to the previous two months from $1,711.5 to $1,630.5. 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 $1,671 and $1,694.5 between September and October.
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 $1,685 they are 24 % more affordable than the average price for Lanham . The properties with the highest average price have 3 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 4 bedrooms priced at $1,672.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1.33 / sq.feet, with an average $1.94 / sq.feet price in Lanham. The properties with the most affordable average prices have 3 bedrooms. They are 17 % more affordable than the average followed by properties with 1 bedroom with a price at $1.33 / sq.feet.
According to average price per property type in Lanham, "" priced at $1,672 is 1 % lower than the average price ($1,685) in this city.