The rent prices in real estate in Lexington Park, in the Maryland 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 Lexington Park has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.18. In the following month the price per sq.feet rose to $1.24. The price for the following two months in (May, June) had a considerable rise of 119 %. The price per sq.feet has had a considerable rise of 117 % 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 $1.32 to $1.54 during July, and August.
When referring to the price in Lexington Park (cities), this has risen in the last 6 months. In our first sample month during March, the average price is $1,357. In April This price remains at $1,364. In the following two months the average price has hardly changed with regard to the previous two months from $1,360.5 to $1,396. Based on an analysis of the first four prices and the last two months the average price has increased 111 % 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 $1,559 they are 31 % more affordable than the average price for Lexington Park . The properties with the highest average price have 4 bedrooms, Their price is 23 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,547.
According to average price per property type in Lexington Park, "" priced at $1,213 is 22 % lower than the average price ($1,559) in this city.