The rent prices in real estate in Lewes, in the Delaware region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Lewes has risen strongly during the last 6 months. In January, the average price per sq.feet was $1.58. In the following month the price per sq.feet rose considerably to $2.01. In the following two months the price per sq.feet has practically remained the same, going from $1.79 to $1.75 per sq.feet. The price per sq.feet has had a considerable rise of 126 % 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 $1.77 to $2.23 during May, and June.
When referring to the price in Lewes (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is $2,271. During February the price went through a considerable rise reaching $3,359. During the following two months (March, April) the average price had a considerable fall of 84 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 126 % during the last two months.
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 $3,083 they are 57 % more affordable than the average price for Lewes . The properties with the lowest average price have 2 bedrooms, Their price is 44 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,316.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 246 % more expensive than the average price of ($8 / sq.feet) in Lewes. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 246 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $3,083 it is 47 % more affordable than the average price in Lewes. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of $1,645 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $8 / sq.feet followed by "Land" priced at $27 / sq.feet. "Land" is the most expensive type of property with a $27 / sq.feet value followed by "House" with an average price of $8 / sq.feet.