The rent prices in real estate in Lima, in the Ohio 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 Lima has risen strongly during the last 6 months. In October, the average price per sq.feet was $0.82. In November this price barely changed remaining at $0.86 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from $0.84 to $0.93 per sq.feet. 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 $0.88 to $1.03 during February, and March.
When referring to the price in Lima (cities), this has risen in the last 6 months. In our first sample month during October, the average price is $906. In November This price remains at $877. During the following two months (December, January) the price has had an average rise from $891.5 to $952.5. 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 4 bedrooms are the most affordable ones. At a price of $1,064 they are 20 % more affordable than the average price for Lima . The properties with the highest average price have 3 bedrooms, Their price is 8 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,072.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.66 / sq.feet, with an average $1.07 / sq.feet price in Lima. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.16 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,064 it is 39 % more affordable than the average price in Lima. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of $921 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of $0.98 / sq.feet followed by "House" priced at $1.19 / sq.feet. "House" is the most expensive type of property with a $1.19 / sq.feet value followed by "Land" with an average price of $0.98 / sq.feet.